With revenues running lower than expected in 2016, the Texas Legislature will keep a tighter grip on spending despite increasing demands for growth-related funding in the session that begins next month.
In the week ended Dec. 1, the weekly average yield to maturity of the Bond Buyer Municipal Bond Index rose 12 basis points to 4.35% from 4.23% in the previous week. The BB40 Index is based on the price of 40 long-term bonds.
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Lodi Unified School District is continuing to plan for the new Measure U school bond, which voters approved in November. Much work needs to be done before construction can begin on upgrading and modernizing classrooms and making other building improvements to the aging schools in the district.
Plans are in motion to build a five-story, 153-room Courtyard by Marriott hotel near the edge of Escondido City Hall, the latest in a series of ambitious projects that could reshape the city's downtown and Grape Day Park over the next decade.
The public got its first glimpse Tuesday night at the master plan that outlines roughly how the Santa Rosa Junior College could spend $410 million in bond funds approved by Sonoma County voters two years ago.
Catholic Health Initiatives, one of the nationís largest nonprofit health care providers, is in danger of a downgrade from S&P Global Ratings after analysts placed its A-minus rating on its negative watch list.
Citigroup Global Markets Inc. scrapped the closing on $377.6 million in revenue and general obligation bonds it priced for El Camino Hospital in northern California after the U.S. Justice Department subpoenaed documents from the hospital.
Here are some of the key "known unknowns" factors that are likely to affect valuations and creditworthiness and functioning in the state and local finance sector as the Trump Administration and Congress sort them out.