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Five Louisiana Universities Land on Negative CreditWatch
Uncertainty about Louisiana's higher education funding led Standard & Poor's to place five institutions on negative CreditWatch on April 28.
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Pension obligation bonds are land mines municipal issuers should avoid, according to Janney Capital Markets.  more »
Louisiana State University emphasized that it is not filing for bankruptcy; the school was criticized for a clumsy explanation of its financial position, leading to cancellation of a bond deal.  more »
Jacksonville, Fla., will hire a forensic specialist to audit the city's severely underfunded Police and Fire Pension Fund.  more »
An Internal Revenue Service memorandum that would render a community development district's bonds taxable should not be retroactive because a House committee last year urged guidance on political subdivisions be prospective, the CDD's lawyer said.  more »
After 42 years at Moody's Investors Service, John Incorvaia is retiring after spending most of his analytical career covering Florida. April 30 is his last day on the job.  more »
A second federal lawsuit has been filed challenging the private activity bond financing for the All Aboard Florida train project; the latest suit comes from Martin County, Fla.  more »
The Florida House of Representatives abruptly ended their session Tuesday afternoon following a standoff with the Senate over Medicaid expansion. The session was to run through Friday.  more »
Last week's aborted Louisiana State University bond deal stemmed from what an analyst called a “shell game” in which state lawmakers try to balance budgets by cutting aid to localities.  more »
The Athens-Clarke County Unified Government in Georgia won two rating upgrades ahead of pricing $208 million of water and sewerage revenue bonds.  more »
The Route 460 Funding Corp. of Virginia plans to use extraordinary redemption provisions to call $293.3 million of revenue bonds now that the state has terminated the project.  more »
Moody's Investors Service changed the outlook to positive just ahead of a $225.8 million deal by the Florida Department of Transportation to pay for turnpike improvements.  more »
Louisiana State University on Friday pulled a $114.5 million bond offering that had priced two days earlier after investors withdrew from the deal when concerns emerged over the institution’s financial status.  more »
The Kentucky International Convention Center will close for two years to complete a $180 million bond-financed expansion within the facility's existing footprint.  more »

This week, we discuss a new measure of pension funding, examine the impact of oil prices on labor markets in oil dependent States and discuss changing levels of food stamp participation.

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