Friday's story on an upcoming Puerto Rico Municipal Finance Agency sale included inaccurate information. The debt is backed by an unlimited special additional property tax that varies depending upon the municipality. The tax doesn't have a rate cap so municipalities are not limited in the amount of property tax revenue they can collect. Another 1.03% property tax pays down the commonwealth's general obligation bonds.
-
The bonds refunded of two earlier series of student fee bonds: the taxable Series Z-2 Build America Bonds, and the tax-exempt Series BB-1 bonds.
9h ago -
LSEG Lipper reported fund inflows of $447 million while high-yield muni bond funds saw another round of inflows at $246 million, marking the 12th consecutive week of positive flows in that space.
10h ago -
Hawaii Gov. Josh Green outlined the state's plan to permanently house everyone displaced by the fire — and how he plans to pay for it during a media briefing.
10h ago -
D.C. promises $515 million in improvements to its existing downtown arena.
11h ago -
A bond-financed purchase of the Stanley Hotel in Estes Park, Colorado, which served as an inspiration for Stephen King's The Shining, is being pursued by the Colorado Educational and Cultural Facilities Authority.
March 28 -
In a recently released survey by the Citizens Budget Commission, New Yorkers said they are feeling much less safe, with only 37% rating public safety in their neighborhood as excellent or good, down from 50% in 2017.
March 28