A bill in the North Carolina General Assembly would ask voters to lower the income tax rate to 5.5% from 10%, a move that opponents say would restrict budget flexibility and jeopardize the state's triple-A ratings.
RBC Capital Markets raised $1 million on Tuesday for several youth-related charities during its second annual RBC Trade for the Kids day. And RBCs Municipal Sales and Trading desk did its part, donating its net revenue from Tuesdays activity on the Elevate system.
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The small south Florida city of Opa-locka, recently designated by the state to be in a financial emergency, is under investigation by the Securities and Exchange Commission, according to the Miami Herald.
In a first-of-its-kind case, a federal judge hears arguments June 30 on motions to dismiss a challenge by two Florida counties of $1.75 billion in private activity bonds for the All Aboard Florida passenger train.
A Florida court has denied Indian River County’s quest to block a state-created conduit issuer from selling $1.75 billion of tax exempt bonds for All Aboard Florida’s planned private passenger rail project.
City voters will be asked on the Nov. 8 ballot to approve the sale of an $18 million bond that will pay to resurface 70 lane miles of public roads throughout Venice, including a major reconstruction of Miami, Venice and Tampa avenues.
In a city government close to collapse, Opa-locka's top financial officer broke ranks and warned her supervisors the city will run out of money after its payroll next week and that its recovery plans will not be enough to save Opa-locka from insolvency.
Carl Weisbrod, Director of the New York City Department of City Planning, joins Bond Buyer Senior Markets Reporter Chip Barnett to talk about the surge in NYCs population and corresponding employment growth and why economic growth is dependent upon affordable housing for workers.