Regional News

The utility responded that it is not eligible to declare bankruptcy.

92% of the holders or insurers of Puerto Rico Electric Power Authority bonds reportedly now oppose the Oversight Board's proposed restructuring deal.

Bondholders say the insurers reneged on the bond insurance terms, which both firms deny in filings for the case, filed six years after the COFINA restucturing.

The three Puerto Rico Oversight Board members can resume their positions immidiately, District Court Judge Maria Antongiorgi-Jordan ruled.

Mayor Brandon Johnson released to City Council a report from accounting firm Ernst & Young with recommendations for closing the city's structural budget gap.

The upgrade is driven by realized and expected improvement in the state's financial metrics, the rating agency said.

The Cleveland City Council will decide whether to approve a deal struck by Mayor Justin Bibb with Haslam Sports Group, owners of the NFL's Cleveland Browns.

Brandon Johnson released his $16.6 billion 2026 budget last week. The budget calls for new revenue sources, but avoids property tax hikes.

Its triple-A bonds have recovered after cheapening earlier this year under a pressure campaign from the Trump administration.

The Dormitory Authority of the State of New York and New York City both saw billion-dollar-plus deals oversubscribed. 

Maryland's Capital Debt Affordability Committee is recommending the state stick to its guns by endorsing a plan to borrow up to $1.75 billion for capital projects in the coming fiscal year, despite the job shedding inflicted by the Trump administration's plans to shrink the federal government.

"The project is not dead," said the transportation planning board chair.

The northern California school district has been struggling for years and on several occasions abandoned plans to consolidate schools, which rating agencies say might have shored up finances.

California's recent tax revenues exceeded forecasts, but the state faces structural deficits that drive budgetary borrowing and have narrowed its reserves.

This will be Charvel's second stint as the city's CFO.

The county agreed to pay an additional $828 million to victims of childhood sexual abuse who sued under a 2019 state law that raised the statute of limitations for such cases.

The city council president is concerned about state bond commission approval.

North Carolina's triple-A ratings were affirmed ahead of plans to sell up to $506 million in general obligation and limited obligation bonds.

Cities are responding to a state directive to remove symbols on crosswalks and other so-called distractions or risk losing state and federal funding.

The bonds are rated A-plus by three ratings agencies and are expected to have serial maturities from 2026 to 2055.

The approval of $650 million of revenue bonds comes in the wake of a recently filed petition seeking to subject the project to voter approval or delay.

The city is gearing up to sell $252 million of general obligation bonds this year and $1.5 billion of revenue bonds in 2026 for a convention center project.

Cities are responding to a state directive to remove symbols on crosswalks and other so-called distractions or risk losing state and federal funding.

The case challenges Oklahoma's authority to collect income taxes from Native Americans who live and work on tribal reservations.