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Legacy costs, including pension contributions, retiree health benefits and debt service, will hang over the next New York City mayor like a sword of Damocles. more »
Standard & Poor's has lowered its rating of Columbia County, Pa., by two notches to A-minus from A-plus. more »
New York's adopted budget adopts a number of questionable practices, the independent watchdog Citizens Budget Commission said. more »
New York Gov. Andrew Cuomo has provided more information about the board to help distressed New York municipalities and counties. more »
The Dormitory Authority of the State of New York has approved the sale of $2.4 billion in bonds. more »
The Connecticut legislature's Finance, Revenue, and Bonding Committee tabled a bill that would have established a $500 tax credit for the individual purchase of long-term care insurance. more »
The Stephens Hopkins Center of Providence accuses Moody's of bias in its reporting about the repayment of moral obligation bonds in the 38 Studios controversy. more »
New York's MTA announced short- and long-term initiatives designed to mitigate the effects of Hurricane Sandy-type storms. more »
Moody's Investors Service downgraded the Long Island Power Authority's first lien revenue bonds to Baa1 from A3 on Wednesday afternoon. more »
Puerto Rico's pension plan overhaul and Gov. Alejandro García Padilla's proposal to increase sales tax revenues are both credit positive, Moody's Investors Services said. more »
While current and former SEC officials say the agency could only do so much in its securities fraud case against Harrisburg, Pa., that didn't set well with critics. more »
Creating a municipal road and bridge revolving fund is crucial to improving Rhode Island's roads and bridges, Treasurer Gina Raimondo told a House panel in Providence. more »
New York State government's main pension fund grew by 10.4% in fiscal year 2013. more »
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A networking group for government officials, municipal bond professionals & decision-makers, driven by The Bond Buyer, which dominates municipal bond market coverage with daily breaking news through the printed daily paper, bonus distributions, live events and online at TheBondBuyer.com.
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Before the financial crisis of 2008-09, it would have been significant news if yields on municipal bonds had exceeded those on Treasury securities at any maturity, and that occurrence likely would have attracted a variety of investors seeking to take advantage of the relative-value opportunity.
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