The weekly average yield to maturity of The Bond Buyer Municipal Bond Index, which is based on 40 long-term bond prices, fell seven basis points to 4.27% in the latest week from 4.34% in the previous week.
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Resolution of Illinois budget crisis likely requires new revenue and spending curbs because natural economic growth alone isnt enough to tackle the states massive debts, a Chicago Federal Reserve economist told lawmakers. more »
It will take action on both revenue and spending to balance the Illinois budget, said Thomas Waldstrum, a Chicago Federal Reserve economist.
Illinois Gov. Bruce Rauner pressed reluctant Democrats to get behind state pension legislation that would provide Chicago Public Schools with $215 million in one-time aid to avert an early end to the school year. more »
BENSON, Minn. -- Benson School Board members will learn in April what it is expected to cost to take on needed but costly upgrades to the heating and ventilation systems in the district's facilities. more »
Property owners in South Holland, Harvey, Dolton and other parts of Thornton Township High School District 205, Ill., can expect lower taxes despite plans to spend $30 million to improve school facilities, a district official said. more »
ALEXANDRIA, Ind. -- The city of Alexandria will need to take a number of steps to brings its finances back into the black, according to an independent report by Seymour-based Reedy Financial Group made public at Monday's City Council meeting. more »
Pennsylvania Auditor General Eugene DePasquale tells how marijuana taxation and regulation could help the commonwealth shore up its budget. He also discusses audits by his office, unfunded pension liability and the effect of a Donald Trump presidency. Hosted by Paul Burton.