Infrastructure bill may set stage for trillion dollar plan

A bill now in committee would sell distressed federal assets to fund projects in distressed communities and pay down the deficit.

Web Seminar Advance refunding substitutes and related issues

The recent tax law changes generally eliminated the ability to issue tax-exempt bonds to advance refund outstanding bonds.

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Tax regulations
Pension and Medicaid pressures drive New Mexico downgrade

Two years after New Mexico lost its triple-A rating, New Mexico has taken its second downgrade from Moody's Investors Service based on rising pension and Medicaid obligations.

Ratings Richard Williamson 4h ago
Denver expects strong demand for $265 million GO sale

Denver will combine a current refunding with the first sale of new bonds approved by voters last November.

Primary bond market Richard Williamson 6h ago
Muni Minute Where the yields are

Buyers of municipal bonds will see a sale this week that offers some high yields in return for taking on some additional risk not usually associated with typical deals.

Primary bond market 8h ago

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The Latest

Puerto Rico Oversight Board's labor policy hits new opposition

The territorial government's resistance to the labor law may prompt Oversight Board to approve its own version of the budget due this month.

PROMESA Robert Slavin 1h ago

PROMESA Robert Slavin 1h ago
McLaren healthcare deal will permanently fund health plan purchase

McLaren will also sell some tax-exempt debt to refinance floating-rate notes.

Not-for-profit healthcare Nora Colomer 2h ago

Not-for-profit healthcare Nora Colomer 2h ago
Georgia, California poised to leap into firm municipal market

Municipal bonds held firm on Monday ahead of the week’s two biggest deals on opposite ends of the credit spectrum.

Primary bond market Christine Albano 3h ago

Primary bond market Christine Albano 3h ago
Tax law spurs new marketing approach for Georgia GO deal

Georgia used an internet presentation and an investor platform to highlight its credit strengths before its annual general obligation bond sale.

Primary bond market Shelly Sigo 3h ago

Primary bond market Shelly Sigo 3h ago
The next phase of Cuomo's New York infrastructure plan

The New York governor announced a $150 billion infrastructure plan for the next five years.

Infrastructure Andrew Coen 3h ago

Infrastructure Andrew Coen 3h ago
Fed's Bostic says business optimism fading amid trade tensions

Business optimism has fallen on concerns over trade barriers, said Federal Reserve Bank of Atlanta President Raphael Bostic.

Monetary policy 5h ago

Monetary policy 5h ago
Eugene, Ore., school board set to advance $385M bond measure

The largest school bond measure in Lane County, Ore., history soon might reach the ballot.

Bond elections 6h ago

Bond elections 6h ago

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Multimedia

Video Where the yields are

Buyers of municipal bonds will see a sale this week that offers some high yields in return for taking on some additional risk not usually associated with typical deals. California’s Golden State Tobacco Securitization Corp. is issuing a $1.7 billion tobacco bond deal consisting of serials and turbo terms.

Podcast A look at Philadelphia’s financial future

Philadelphia City Controller Rebecca Rhynhart discusses her election victory last year knocking off a longtime incumbent along with some of the city’s most pressing fiscal issues including a controversial soda tax and whether to continue providing abatements on new construction. Andrew Coen hosts.

Podcast Lessons from the bid-rigging trial

In a special Bond Buyer audio production, we explore the lingering legal and social issues behind the U.S. v. Carollo, Grimm and Goldberg municipal bond case, and its overturn on appeal. Paul Burton hosts.

Commentary

What the Italian Job means to municipals

John Hallacy
Contributing editor

The market’s performance amid this week’s volatility shows many municipal investors are in it for the long haul. They need that coupon.

Buy side May 31
Why municipalities need to create long-term financial plans

Mayra Rodríguez Valladares
Managing Principal
MRV Associates

A long-term plan provides a dynamic tool to help preserve assets and identify funding gaps and potential income shortfalls.

Budgets May 21
America needs to reinstate infrastructure as a priority

John Hallacy
Contributing editor

As Infrastructure Week ends, it’s sad to note that in the one area where all agree something must be done, there has been no progress.

Infrastructure Week May 18
Rightsizing the regulation of infrastructure debt

Michael Decker
Managing Director, Co-Head of Municipal Securities
SIFMA

Recent research suggests regulators on a global basis are overestimating the risks of infrastructure-related debt.

Infrastructure Week May 17