Gov. Chris Gregoire announced a supplemental budget Tuesday that she said will allow Washington to close the biennium with about $1.2 billion in the bank. The supplemental budget allows the state to make adjustments in the second year of its two-year budget cycle. Some of them appeared to be related to recent flooding that brought much of the state to a standstill, including a proposal to request $50 million in bond authorization for the Chehalis-Centralia Flood Control Project. Gregoire said the final budget will allow the state to close fiscal 2009 with $430 million in a new rainy-day account plus $774 million in unrestricted reserves. “Saving money now is vital to ensure that we have money in the future,” she said in a statement.
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"Folloing recent yield moves, a generic muni index is now down 1% on the month with no real sub-sector showing much deviation from that result," said Kim Olsan, senior vice president of trading at FHN Financial.
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The law firm revealed 2024 promotions.
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As the nation's fourth largest city faces a growing structural budget deficit, it is also expecting to issue more than $3 billion of debt for its airport, water and sewer system, convention center, as well as to fund a settlement with firefighters and for cash-flow purposes.
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The extension of the current solar net metering system could lower revenue for the utility.
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The finance team is "marketing slices of risk" to raise money to refinance its debt, investors said.
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John Fleming is pushing back against a proposal in the state Legislature to change the way the state Bond Commission oversees the issuance of debt by cities, counties and local governments and entities.
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