Pennsylvania House approves tax-and-revenue plan

Senate consideration is next as Pennsylvania winds through the fourth month of its budget stalemate.

Web Seminar Recent developments in pension obligation bonds

Increases in unfunded pension liabilities are a widespread problem affecting many public entities’ budgets, ratings and borrowing capacity, which also impacts their capital improvement programs.

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Chicago mayor lays out 2018 budget

Chicago relying on savings from new securitization borrowing program to help balance 2018 books.

Budgets Yvette Shields 3h ago
Florida utility borrowing $757 million to exit biomass power purchase contract

The utility in Gainesville will use bond proceeds to buy a privately owned plant to exit an above-market power purchase agreement.

Primary bond market Shelly Sigo 8h ago
Jefferies banker Ned Flynn dies at 60

Flynn, a municipal banker with more than 30 years' experience, passed away unexpectedly on Monday night.

Obituaries Aaron Weitzman 3h ago

The Latest

Unfunded pension, OPEB liabilities of state governments rose in 2016, S&P Global reports

Pension pre-funding dropped to 68% in fiscal 2016 compared to an average of 75% the year before.

Public pensions Brian Tumulty 3h ago

Public pensions Brian Tumulty 3h ago
MSRB tells SEC investor advocate about concerns for muni retail investors

MSRB worries about "pennying," "filtering," bank loans, pricing

Bonds Lynn Hume 3h ago

Bonds Lynn Hume 3h ago
Web Seminar The Puerto Rico debt crisis – An update

The Commonwealth of Puerto Rico is experiencing the most drastic fiscal crisis in the Commonwealth’s history.

Debt

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Outlook turns negative for five Texas utility districts in Harvey's wake

S&P Global Ratings assigned negative outlooks to the five special purpose districts due to flood damage.

Ratings Richard Williamson 5h ago

Ratings Richard Williamson 5h ago
NYC comptroller Stringer, challenger Faulkner mix it up in debate

New York City Comptroller Scott Stringer cited pension fund gains while challenger Michel Faulkner said the incumbent doesn't stand up to mayor Bill de Blasio's spending.

Budgets Paul Burton 5h ago

Budgets Paul Burton 5h ago
Commission OKs STAR bond plan

The Garden City Commission approved an ordinance adopting the Sports of the World project plan for the STAR Bond Development District, as well as financing to develop it.

Infrastructure 5h ago

Infrastructure 5h ago
Fed's Beige Book: Positive outlook despite hurricane disruptions

A destructive hurricane season caused significant disruptions along the Gulf Coast and the southeastern United States but businesses remained optimistic about growth over the medium term, the latest Federal Reserve Beige Book survey showed Wednesday.

Economy 5h ago

Economy 5h ago

Multimedia

Final five: Trump narrows choice of next Fed chair

President Trump said Tuesday that he has winnowed the number of candidates for the next Fed chair, including potentially reappointing Janet Yellen.

Podcast How Hartford can rebound

Restructuring expert Jim Spiotto of Chapman Strategies Advisors says Pittsburgh and Chicago provide economic development models that Connecticut's struggling capital can adopt. Hosted by Paul Burton.

Video NYC TFA, California and Illinois top inflated calendar

The primary market is getting something it has been seeking for a while, with $10 billion of new supply on the docket. The New York City Transitional Finance Authority, California and Illinois are set to bring almost half of the week's supply.

Commentary

Tax policy takes center stage

John Hallacy
Contributing editor

After infrastructure and health care legislation failed to materialize, the municipal industry turns its attention to the potential benefits – and risks – of tax reforms now before Congress.

Finance, investment and tax-related legislation October 17
Questions remain as bond market prepares for markup disclosure rule

Mark Davies
CEO
S3

Broker-dealers are tasked with devising a systemic, robust way of determining prices for securities, yet guidance has been vague, especially with respect to illiquid bonds.

Fintech regulations October 16
The Bond Buyer Data Workstation is live

Municipal market participants can now access dynamic, interactive secondary-market data from directly within the Bond Buyer experience; partnership with Municipal Bond Information Services will provide exclusive real-time market data and analytics.

Announcements October 16
What if governments issued equity?

Gershon Morgulis

While surplus-linked instruments may give governments a more favorable pay-out structure, the question of control over government decision making is a significant concern.

Public finance October 10

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Resources

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This tool provides sophisticated analysis of advance-refunding deals, including an assessment of the value of call options embedded in existing issues.

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