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The Metropolitan Pier and Exposition Authority of Illinois has selected a finance team as it gears up to enter the market with a big refunding to take advantage of a favorable market.

The Illinois Coalition to Protect the Public Commons, a group that opposes public asset privatization, last week announced its concerns over Chicago Mayor Rahm Emanuel’s proposal to establish an infrastructure trust bank that would leverage private investment in public projects.

Moody’s Investors Service has signaled that the junk-level rating on MJH Education Assistance Illinois IV LLC’s student housing revenue bonds for the Fullerton Village Project has stabilized by revising the outlook to stable from negative on the senior-lien bonds.

A group of seven Illinois safety-net hospitals last week unveiled several measures they said could trim $1.4 billion from the state’s Medicaid expenses and eliminate the need for the deeper cuts that Gov. Pat Quinn has requested.

As Detroit and Michigan officials work against the clock to come to an agreement to stabilize the city’s finances, Rep. Hansen Clarke, D-Mich., introduced a bill that would secure up to $500 million in federal funding for the city.

Fitch Ratings this week affirmed Romulus’ BBB-plus rating and revised its outlook to stable from negative, citing the city’s improving financial operations.

A financial emergency exists in Muskegon Heights Schools, said an eight-member, state-appointed team that has reviewed the district’s finances.

Ohio Gov. John Kasich Monday signed into law a $1.74 billion, two-year capital bill, the state’s first new capital budget since 2009.

New York Comptroller Thomas DiNapoli on Monday announced the state's tentative bond calendar for the second quarter that totals $3.8 billion in new issuance, including the New York City Transitional Finance Authority's $900 million bond sale next week.

LOS ANGELES — The Los Angeles Department of Water and Power is going to restart the public hearing process on rate increases proposed last year to pay for a five-year, $6.1 billion capital plan the agency says it needs to replace aging infrastructure and meet state and federal environmental mandates.

by: Jim Watts

DALLAS — Dallas would issue up to $25.5 million of 10-year certificates of obligation to upgrade the city-owned Cotton Bowl stadium under a plan outlined Monday to the City Council's budget and finance committee.

DALLAS — Arizona State University will use $230 million of revenue bond proceeds for a variety of projects at its Tempe and satellite campuses.

New rules went into effect Tuesday to make the $65 billion credit-default swap market for municipal bonds less risky and more efficient for investors.

Traders in the tax-exempt market said the tone felt firmer Tuesday as many deals were priced ahead of schedule to take advantage of demand.

The IRS has launched a compliance practice research team that will seek to identify red-flags indicating questionable muni bond transactions.

The Municipal Securities Rulemaking Board is urging muni bond issuers to voluntarily post information about their bank loan financings on the EMMA system.

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New York's budget leaves it at risk of becoming one of only five states that do not allow the use of design-build procurement to deliver public infrastructure projects.

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