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The NYC TFA is scheduled to sell $900 million of fixed-rate future tax-secured bonds in two sub-series on Wednesday.

Susan Perez is the new executive director of the Massachusetts Water Pollution Abatement Trust, state Treasurer Steven Grossman announced.

Derek Hansel will become the new executive director of the New Jersey Educational Facilities Authority on Tuesday.

New York Comptroller Thomas DiNapoli has appointed Robert Ward as deputy comptroller of budget and policy analysis.

The passage of New York’s budget is a credit positive for less affluent school districts struggling to overcome constraints caused by the state’s new 2% cap on annual increases in property tax levies, Moody’s Investors Service said in a report.

Moody’s Investors Service has affirmed the Aa1, Aa1/VMIG1 and P-1 ratings on Cornell University’s outstanding bonds and commercial paper, and revised the outlook to stable from negative.

William Mulrow on Wednesday began his tenure as chairman of the New York State Housing Finance Agency and the State of New York Mortgage Agency, two of the agencies included within New York State Homes and Community Renewal.

Standard & Poor’s upgraded its long-term rating and underlying rating on Philadelphia’s general obligation debt to BBB-plus from BBB, with a positive outlook.

CHICAGO — Milwaukee city and county voters chose new comptrollers last week, while those in a tornado-ravaged Missouri city approved bonding for school building projects, and St. Louis County voters approved new debt for courthouse projects.

Anschutz Entertainment Group, the developer behind the proposed $1.5 billion Farmers Field project to build a National Football League stadium in downtown Los Angeles and modernize the city' convention center, released a 10,000-page draft environmental impact report Thursday.

CHICAGO — The Federal Aviation Administration on Thursday granted Chicago's request to preserve its ability to pursue a privatization of Midway Airport under a federal pilot program until the end of the year.

Moderately heavier issuance is expected to meet a municipal market loaded with cash and hungry for paper.

Though Moody's Investors Service says its possible downgrades of banks may have substantial impact on variable-rate demand bonds, outside experts are skeptical of this.

Municipal bond mutual funds saw a week of slight inflows.

The tax-exempt market ended stronger Thursday as a flight to safety, led by Treasuries, buoyed municipals. Overall for the week, larger deals were received well despite yields ending up.

Bond attorneys are studying a recent IRS ruling that allowed Dallas-Fort Worth International Airport to issue $1 million of bonds that were not subject to the alternative minimum tax.

The Department of Transportation has received $10.2 billion in applications for the $500 million available through its latest round of TIGER funding, highlighting the pressing need for infrastructure investment, Transportation Secretary Ray LaHood announced Thursday.


Americans are suffering the consequences of Congress, governors and legislators across the U.S. pushing the burden of today's costs onto the backs of tomorrow's taxpayers by repeatedly putting off infrastructure repairs and new construction.

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