Wells Fargo Report Sheds Light on Stadium Financing
The debate over the appropriate amount of public funding for professional sports facilities has been reignited in part because of growing revenue in the sports market, according to a report from Wells Fargo Securities released Friday.
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Recent trends in the public pension arena "are not all gloom and doom," as most cities' pension funding ratios appear to have stabilized since the low point in 2010, Merritt Research Services said in a recent report. more »
In the aftermath of Moody's deep downgrade of several key Puerto Rico bonds, the United States Treasury said it supported Puerto Rico's progress. more »
A House panel will hold a hearing Feb. 26 on legislation that would allow Puerto Rico government-owned corporations to restructure their debts under Chapter 9 of the Federal Bankruptcy Code. more »
Standard & Poor's raised its rating on Allentown, Pa.'s GO debt three notches to A-plus from BBB-plus, citing flexibility from its water and sewer deal. more »
As 2015 begins, capital markets participants would do well to reflect on the lessons of recent Chapter 9 proceedings. more »
Qualified Public Infrastructure Bond plan marks a further step in the Obama administration's Build America Investment Initiative. more »
Treasury Secretary Jack Lew said he hopes Congress and the Obama administration can work in a bipartisan way to authorize qualified public infrastructure bonds or another type of bond program. more »
The White House generated fresh ideas aimed at curing the nation's infrastructure woes in its budget proposal, but shot itself in the foot by including a limit on the federal tax exemption for municipal bonds. more »
A proposal in President Obama's budget that would impose a minimum tax on U.S.-controlled foreign income could have major ramifications for Puerto Rico, analysts said. more »
President Obama’s fiscal 2016 budget includes several bond proposals that were also in the budget he released last year. more »
President Obama's fiscal 2016 budget, unveiled Monday, includes several new bond proposals and a number of bond-related proposals that have been in past budgets. more »
The Municipal Securities Rulemaking Board is sounding another call for transparency of undisclosed debt such as bank loans, warning that failure to improve disclosure practices could impair market pricing or even threaten the rights of bondholders. more »
Reps. John Duncan, R-Tenn., and Bill Pascrell, D-N.J., have once again sponsored legislation to exempt water and sewer private-activity bonds from state volume caps. more »

Doubts as to the quality or effectiveness of Indiana's intercept program are misplaced.

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