Print Edition
March 12, 2010
Muni Holdings Beef Up
State and local governments amassed their biggest-ever debt burden during the fourth quarter, meeting demand from retail buyers and a broadened investor base driven by federal stimulus programs.
March 11, 2010
Ravitch Has Budget Strategy
A financial oversight board would have the power to effectively prevent New York from issuing state-backed debt if the state’s budget isn’t balanced, under a plan proposed yesterday by Lieut. Gov. Richard Ravitch.
March 10, 2010
Joint Tax Committee Offers Revenue Estimates
WASHINGTON — The Joint Tax Committee has released revenue estimates for Obama administration budget proposals that would extend most of the stimulus law’s municipal bond provisions — including the higher qualified small-issuer limit for bank-qualified bonds — through the end of calendar year 2011.
March 9, 2010
Gradual BAB Drop Predicted
WASHINGTON — Any congressional extension of the Build America Bonds program will likely come with a gradual drop in the subsidy rate, and lawmakers may never reduce the rate to the 28% the Obama administration proposed in its fiscal 2011 budget, the top lawyer for the House tax-writing committee told treasurers meeting here yesterday.
March 8, 2010
Ascension Set to Sell $670M
CHICAGO — St. Louis-based Ascension Health on Wednesday launches the first piece of its $1.34 billion new-money and restructuring deal that will raise funds for projects across its network, while also allowing the system to further reduce risk exposure and lower its maximum annual debt service.