Detroit's Federal Blight Funding Resumes
Detroit will get a fourth round of federal funding for its ongoing blight demolition program after a suspension due to procedural errors.  more »
Detroit Mayor Mike Duggan said that federal fund for the city's blight demolition program were halted until the city updated protocols and procedures for contracts.
Public finance veteran Kevin Smith started his job as Highland Park, Mich., school district's next emergency manger Friday.  more »
Any delays in Illinois' monthly contributions pose a negative credit risk to the state, Moody's Investors Service said Friday.  more »
Indianapolis received a one-notch downgrade from Moody’s on $410 million of moral obligation debt as the rating agency implements a new methodology.  more »
WEST OLIVE, Mich. -- The local water system is saving nearly $2 million after a successful sale of bonds used for improvement projects in the past few years.  more »
Illinois-based Edward-Elmhurst Healthcare received an A rating from Fitch Ratings as it prepares to come to market to refund old debt issued by the two systems that joined forces in 2013 and establish a new obligated group.  more »
Wisconsin-based Sauk Prairie Memorial Hospital Inc.'s rating fell deeper into junk after a three-notch downgrade from Moody's Investors Service.  more »
Wayne County, Michigan was released from state oversight but expensive challenges remain, said county executive Warren Evans .  more »
Rank-and-file Chicago teachers will vote next on a proposed four-year contract reached earlier this month between Chicago Public Schools and the Chicago Teachers Union on the eve of a planned strike.  more »
Columbus voters will see four bond issues on the Nov. 8 ballot to raise a total of $950 million to pay for a host of citywide work, including new sewer and water lines, street resurfacing and improvements to recreation centers and parks.  more »
Reforms of Michigan’s emergency manager law were among the policy changes recommended in a report by a special state legislative committee formed to examine the Flint water crisis.  more »
Chicago heads into the market next week with nearly $1.1 billion of O’Hare International Airport paper -- one of the city’s more digestible revenue-backed credits generally insulated from the city’s pension and budget ills.  more »
Indiana’s Citizens Energy Group heads into the market with a $49 million refunding of natural gas utility bonds bolstered by an upgrade from S&P Global Ratings.  more »
Chicago’s motor fuel bonds and a Transportation Infrastructure and Innovation Act loan fell a notch Tuesday as S&P Global Ratings’ moved the ratings down in tandem with its recent downgrade of the state’s general obligation rating.  more »

James Colby, Senior Municipal Strategist and author of the Muni Nation blog at Van Eck, stopped by The Bond Buyer recently to chat with Senior Markets Reporter Chip Barnett about municipal market performance. He also discussed the stability of munis versus other asset classes, muni bond fund inflows versus money market fund outflows, muni exchange traded funds, and what to expect in the last quarter the year.

The SEC's MCDC initiative is causing many municipal issuers and underwriters to change the way they do things.

Upcoming Events

Career Zone

Already a subscriber? Log in here
Please note you must now log in with your email address and password.