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 dramatic reduction of one state's traditional cash-flow borrowing combined with historically low interest rates in the long-term market led to a 7.4% decrease in short-term tax-exempt note issuance in 2011, according to market experts. more »
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.
Municipalities buy insurance to obtain a higher credit rating for a bond issue and a commensurately lower borrowing cost. The savings arise from a lower coupon or, if the coupon is fixed, a higher price. But how can municipalities make sure that bond insurance makes economic sense for them? The answer is to pay close attention to the costs and benefits.