Connecticut's Largest Pension Plans Tread Water
Connecticut's two largest pension funds exceeded benchmarks but only returned 0.26% and 0.25%, state Treasurer Denise Nappier announced.  more »
"We can only earn what the market will bear and we're always pleased when we beat our benchmarks," said Connecticut's state treasurer, Denise Nappier.
Wells Fargo Securities and Barclays Capital have agreed to pay the Rhode Island Commerce Corp. $25.6 million in a proposed settlement of a lawsuit involving a loan to former videogame company 38 Studios, the state announced Tuesday.  more »
Atlantic City’s remaining casinos saw a 21% jump in operating profits for the first half of 2016, according to new state data.  more »
The Long Island Power Authority’s financial stability is expected to “gradually improve” in the years ahead, according to Janney Capital Markets.  more »
U.S. Virgin Islands’ bond ratings were cut to junk level by Fitch Ratings, which cited the territory’s unbalanced budget, rising debt burden and unfunded pension liabilities.  more »
New York’s Suffolk County Off-Track Betting Corp. is nearing the opening of a new casino as part of a plan to exit from bankruptcy.  more »
A district court lawsuit challenging the legality of the District of Columbia’s Local Budget Autonomy Act and D.C.’s push for budget autonomy was reassigned to a new judge last month.  more »
The $2.5 billion line of credit Pennsylvania’s Treasury extended to the state to support its general fund is a credit negative, according to Moody’s.  more »
Tension is high inside the administrative offices of Penn Hills School District as investigators dig for clues about how the three-school system fell into a self-inflicted financial debacle rife with allegations of poor business decisions, missing internal controls and possible criminal conduct.  more »
Paterson, N.J.'s increased preliminary property tax levy of $149.2 million is a credit positive for New Jersey's third-largest city because it eliminates the threat of major immediate cash shortfalls, according to Moody's Investors Service.  more »
Disappointing public pension investment fund returns released recently by Maryland and Virginia may be representative of a more nationwide trend, pension experts warned.  more »
July employment statistics in Puerto Rico were mixed.  more »
Northeast issuers sold $57.4 billion of municipal bonds in the first half of 2016, a 3% increase from the first six months of 2015, according to Thomson Reuters data.  more »
Puerto Rico's main opposition party leads in polls for November's election.  more »

Dean Fuleihan, New York City’s Director of Management and Budget, sits down with The Bond Buyer’s Senior Marker Reporter Chip Barnett to talk about the city’s fiscal 2017 budget. Fuleihan also discusses the city’s aging infrastructure and what it takes to get the right balance between maintaining the old and building the new.

While there is something wild about callable premium bonds, fortunately there may be a way to tame them.

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