Richard Williamson

Recent Stories From this Author

Tax Ruling Could Cost Texas $1.1B a Year
November 25, 2015 Texas could face the loss of as much as $1.1 billion per year in franchise tax revenue if a recent court ruling survives an...

TWDB Closes on $255M for Reservoir, Saving $18M
November 25, 2015 The Texas Water Development Board' $255 million bond issue for a reservoir on the Lower Colorado River is expected to bring...

Kansas Bringing $400M of New Money Highway Bonds
November 23, 2015 In one of its largest deals in recent years, the Kansas Department of Transportation will issue $400 million of revenue bonds...

Low Natural Gas Prices Sideline $500M Texas Plant
November 23, 2015 A $500 million power plant in Brownsville, Texas that would have included public investment has been delayed due to low...

Allen Sorts $103M of Projects for Possible Bond Proposal
November 23, 2015 An Allen, Texas, bond committee has ranked $103 million of projects that could show up on a bond proposal next May.

Oklahoma Raising $115M for Water Projects
November 23, 2015 Oklahoma plans to price $115 million of revolving fund revenue bonds to replenish its loan pool for local water utilities.

Settlement With Bankrupt Hospital Triggers District's Downgrade
November 23, 2015 Texas’ El Paso County Hospital District received a two-notch Standard & Poor’s downgrade in the wake of the district’s legal...

Colorado Must Bridge $373M Shortfall
November 20, 2015 When the Colorado General Assembly convenes in January, lawmakers will face a $373 million shortfall that could pose risks for...

$282M TIFIA Loan Goes to Austin Project
November 19, 2015 A $282 million federal transportation loan will finance additional lanes on an eight-mile stretch of U.S. 183 in Austin, U.S....

Crisis for Texas Rural Hospitals Amid Low Oil Prices
November 16, 2015 Already endangered by state and federal spending cuts, many rural hospitals in Texas are facing additional strain from falling...

Career Zone


New York State Assemblyman Phillip Goldfeder, D-Queens, examines outer-borough growth and transit needs in New York City, as well as efforts to harden its water-exposed neighborhoods.

The notion of option-adjusted spread (OAS) is the standard analytical tool for taxable fixed income securities. It is also making inroads into the muni market. Unfortunately the usual implementation for munis is flawed, rendering the results virtually meaningless. So it is understandable that many muni professionals shy away from OAS in favor of the archaic ‘yield-to-worst’ approach. Correct implementation would undoubtedly attract converts.

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