U.S. September personal income rose 0.2%, personal consumption expenditures fell 0.3% — its largest drop since June 2004 — and core PCE prices rose 0.2% for a 2.4% gain over the year, while disposable income edged up 0.1% after a string of declines dating from June.
Personal savings was up 1.3% and has been positive every month since spending slowed. Savings has been positive since mid-2005 in the revised data.
— Market News International
While Kansas' sales tax and revenue (STAR) bond program recorded its first default late last year, Bonner Springs is considering using it for a development that includes a Mattel toy-themed amusement park.
Brodie Killian has moved to PFM from Stifel Nicholas & Co., joining its Ann Arbor office as a director.
April continues to be "harsh" for munis as the asset class has given up roughly 72 basis points in the first two weeks of the month, said Jason Wong, vice president of municipals at AmeriVet Securities.
The city may have to make deeper cuts next year if voters don't approve two tax increases headed for the November ballot, if the City Council approves.
The most recent open solicitation period, last October, yielded three proposals.
Treasury representatives said Friday that they will be issuing further guidance to help counties deal with the upcoming reporting and compliance deadlines.
