Tax Backing Alabama Hospital's Bonds Faces Legal Challenge
The tax supporting a $38 million bond deal for a rural Alabama hospital faces a legal challenge, though supporters say a state constitutional amendment on the Nov. 8 ballot should cure the problem for Chilton County and other localities, including Jefferson County.  more »
Image: Bloomberg News
Northern California’s East Bay Municipal Utility District has suspended Wells Fargo from investment, broker-dealer and underwriter business for one year, though it won’t upend existing liquidity agreements.  more »
An alignment of Catholic Health Initiatives with Dignity Health to create one of the nation’s largest nonprofit health-care providers would be a positive credit factor for the two organizations, according to Moody’s Investors Service.  more »
The Chicago Park District heads into the market with a $119 million issue with pension reform clouds overshadowing its strong operating results and double-A ratings.  more »

Manhattan Institute senior fellow Nicole Gelinas discusses the many challenges facing New York regional transportation with The Bond Buyer's Paul Burton and Andrew Coen. Topics include capital funding, Port Authority and MTA megaprojects and alternative funding to counter the L subway line shutdown.

The private sector might be willing to carry risk the public sector doesn’t want, or provide capital sooner than the public sector capacity allows, but these benefits come at a cost, and sometimes that cost is hard to measure.

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