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Caitlin Devitt

Recent Stories From this Author

One Year Later: Lessons From Detroit's Bankruptcy
July 18, 2014 One year after Detroit filed for bankruptcy, muni experts said the city's approach should set a precedent for how not to...

With Nuclear Plant Back Up, Omaha District Bringing $110M
July 18, 2014 Omaha Public Power District is bringing $110 million of subordinate-lien refunding bonds to market this week, marking the...

Indiana Orders Cuts Despite $2B Reserve
July 18, 2014 Indiana Gov. Mike Pence has ordered state agencies to reserve 4.5% of their 2015 appropriations and public universities to...

Detroit Museum Nears $100M Goal for City’s Pensions
July 18, 2014 The Detroit Institute of Arts has raised 80% of the $100 million it pledged to contribute to Detroit's underfunded pension debt.

Pension Underfunding Spurs Wave of Moody's Downgrades in Illinois
July 15, 2014 Moody's has hit well over a dozen Illinois municipal credits — led by Chicago and Cook County — with single and multiple notch...

Appeals Court Sets Hearing Date for Syncora in Detroit Case
July 15, 2014 The 6th Circuit Court of Appeals set an accelerated two-week schedule to consider bond insurer Syncora Guarantee's appeal of a...

Flint Hopes OPEB Injunction Allows It to Avoid Bankruptcy
July 14, 2014 With its emergency manager warning of a possible bankruptcy, the city of Flint is hoping a temporary court ruling allowing it...

Indiana Needs New Tax for Transportation Infrastructure, Panel Says
July 14, 2014 Indiana should impose a new tax to raise revenue for transportation infrastructure, a blue ribbon panel has recommended to...

Syncora Loses Detroit Casino Revenue Appeal
July 11, 2014 Syncora lost a key appeal in the Detroit bankruptcy case, giving the city continued access to crucial casino revenues.

Detroit LTGO Deal: 34 Cents on Dollar
July 10, 2014 Detroit's settlement with its limited-tax general obligation bondholders would repay them 34 cents on the dollar, the lowest...


Since the release of the Securities and Exchange Commission's final municipal advisor registration rule in September 2013, the Bond Dealers of America and its members have dedicated significant efforts and resources to work with regulators, educate issuers and ultimately be prepared to make a successful implementation of the rule.

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