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N.C. Pension Fund Reports Small Annual Gain
North Carolina's $87.6 billion state pension fund reported a gain of 1.77% in the second quarter, but only 0.8% over the past year, state Treasurer Janet Cowell said Thursday.  more »
"The low-interest-rate market environment will likely continue to keep investment returns relatively low over the next few years," North Carolina state Treasurer Janet Cowell said Thursday.
Miami-Dade County will price $365 million of tax exempt non-AMT refunding bonds and $377 million of taxable bonds on Wednesday.  more »
The small Florida city of Opa-locka is on the verge of bankruptcy, according to the head of a state-appointed oversight board.  more »
New radios for Miami police and firefighters would replace unreliable equipment. Pump stations would be installed or upgraded in flood-prone neighborhoods. And a series of parks and community centers across the city would receive millions in upgrades if voters approve a $275 million general obligation bond initiative this fall.  more »
Alabama Gov. Robert Bentley released a video Wednesday appealing for voters to support a state lottery to pay for essential government services he said were not fully funded in the upcoming budget. He plans to ask lawmakers to put a lottery on the ballot in a special session he will call soon.  more »
Leon County, Fla., home of the state capital in Tallahassee, will offer a new countywide residential and commercial PACE programs after years of planning and legal setbacks.  more »
BOYNTON BEACH -- Residents who drive Woolbright Road from east to west are greeted with orange cones every day -- workers are connecting the east water plant to the west water plant to accommodate growth.  more »
A small Kentucky municipality’s bond rating is sinking under the weight of a city-owned water park.  more »
The Laurel County, Ky., School District will soon be saving up to $250,000 in interest alone after approving the Laurel County Finance Corporation to issue a refund of revenue bonds from 2010.  more »
The Broward County School District wants to speed up about 75 projects in its delay-plagued school bond program.  more »
The NBA blamed a law passed by North Carolina seen as discriminatory toward the LGBTQ community for its decision to yank the 2017 All-Star Game out of Charlotte.  more »
A state board approved the sale of more than $60 million worth of bonds that will help pay for a new Lafourche Parish jail and upgrade the medical records system at Terrebonne General Medical Center.  more »
LAKE WORTH -- Lake Worth voters...it's your move.  more »
The Federal Housing Administration said it will begin insuring mortgages on certain properties that include PACE assessments if the obligation is treated like a property tax and it does not have priority status over the FHA mortgage lien.  more »

Maria Doulis of the watchdog Citizens Budget Commission and Howard Cure of Evercore Wealth Management dissect New York City's $82 billion budget with Bond Buyer Northeast regional editor Paul Burton. They explore efficiencies, debt management, reserves, the economy, the capital budget and Mayor Bill de Blasio's plan to overhaul Health + Hospitals.

Not enough has been done to provide municipal issuers, obligated parties and underwriters the clarity sought and needed by the market.

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