An attempt by an issuer to introduce protective language into bond documents on a taxable municipal hospital deal backfired and was thwarted by bondholders, Adam Cohen, the founder of Covenant Review, told a meeting of the Fixed Income Analysts Society on Thursday night.
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A new method of appraising big box retail stores known as "Dark Store Theory" could cost local governments billions of dollars in lost property tax value, according to the Texas Comptroller's office. more »
Houston's Uptown Development Authority and the economic development zone that feeds it were created in violation of the Texas Constitution, two critics allege in a lawsuit that seeks to void all resulting actions and block Uptown from collecting or spending another dime. more »
The Southside Independent School District board of trustees approved a $59.8 million bond question for the May 6 ballot during the same Thursday night meeting that the Texas Education Agency introduced the district's new conservator and produced a timeline for taking over the district. more »
Carlsbad Municipal Schools, N.M., will postpone planning for an elementary school to replace Monterrey and Sunset Elementary schools after a $25 million bond was voted down by the public Tuesday. more »
Garland ISD, Texas's $455 million bond program is on a course that would take it tens of millions over budget because of changes made without the school board's approval, the project manager said this week. more »
What does the muni market have in store for us in 2017 after a record breaking year issuance-wise in 2016? Kevin Dunphy, managing director and head of public finance for Mitsubishi UFJ Financial Group, talks about the overall outlook for the muni market, what he sees for issuance in 2017, and addresses shrinking underwriter spreads and what, if anything, can be done to increase those margins. Hosted by Aaron Weitzman.