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Chicago School Deal's Single-A Rating Buoys Market Access
With legal opinions endorsing the bankruptcy-remote structure of its next deal, and an A rating in hand, Chicago Public Schools’ new tax-revenue backed credit has a clear path to market access, though yield penalties will remain.  more »
Illinois’ passage of a rate hike package to help keep open Exelon Generation Co. LLC’s nuclear plants in the state is a credit positive for the company, Moody’s Investors Service said.  more »
WORTHINGTON, Minn. -- The Nobles County Public Works Department is expected to be busy in 2017 after the county's board of commissioners on Thursday authorized the sale of $9,505,000 in general obligation state aid road bonds.  more »
Jackson County, Mo., legislators are discussing going to the voters for a bond issue to pay for major work on the county jail and perhaps other projects.  more »
Flint, Mich., and other cities with contaminated water supplies would get $170 million of federal aid under a water bill and continuing resolution passed by the House on Thursday.  more »
A Michigan infrastructure trade group has launched a campaign to help residents and lawmakers understand the scale of state underfunding for roads and transportation.  more »
East Cleveland Mayor Gary Norton Jr. and City Council President Thomas Wheeler have been recalled from their positions in a special election as the city plunges into insolvency.  more »
Kansas City and New York City each span more than 300 square miles, but New York is densely packed with 8 million people, while Kansas City sprawls with fewer than 500,000 residents.  more »
WINFIELD, Iowa -- The Winfield-Mount Union school facilities committee voted Wednesday to present a plan to move forward in pursuing a bond issue of $9.5 million to remodel the school building and install a new HVAC system.  more »
OTTUMWA, iowa -- Indian Hills Community College's $36 million bond referendum failed to get the needed 60 percent of the vote Tuesday in order to be approved.  more »
Chicago Public Schools is readying its inaugural sale under a new dedicated capital improvement tax structure crafted to convince investors that bond repayment is insulated from both the district's operating struggles and the threat of Chapter 9.  more »
Akron, Ohio-based Summa Health plans to price a $345 million deal this week that includes a refunding, conversion of variable rate debt to fixed rate, and new money to partially fund the health system’s expansion.  more »
WINTHROP, Iowa -- Voters in the East Buchanan School District approved a $6.5 million school bond issue for high school renovations Tuesday.  more »
JANESVILLE, Iowa -- A $5.4 million bond issue for a gym and classroom addition at Janesville Consolidated School went down in defeat again Tuesday.  more »

In a Bond Buyer roundtable, Northeast regional editor Paul Burton and markets reporters Chip Barnett and Aaron Weitzman explain how the muni market is a microcosm for a crazy year. They discuss issuance, yields, red-flag states, New York City’s finances and what we might expect in 2017.

The president-elect would finance his trillion dollar plan through tax credits, bypassing state and local governments, and may move to tax the interest on their municipal bonds.

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