Caitlin Devitt

With around 30% of bonds trading near the de minimis threshold, a new study takes a deep dive into how the rule drives illiquidity as mutual funds dump paper that's approaching the threshold.

"When the rating agencies developed and rolled out their ESG scores, they said their ESG scores would not impact an issuer's credit rating. We are holding them to their word," said Ben Watkins, director of the state Division of Bond Finance.

Ambiguous language in the legislation is one of a handful of reasons why issuers have not taken advantage of the new financing tool.

Questions arise over the condition of rail infrastructure and how it should influence credit and buy side analysis of local governments that host rail lines.

The administration gave priority to large bridge projects that are ready to proceed with construction.

Incoming Gov. Wes Moore's political support for Hogan's signature project is uncertain.

Massachusetts looks to a millionaire's tax for transportation and a measure in tourist-heavy Orange County, Florida would double local transit funding.

South Dakota’s Sanford Health is bringing $176 million of A-plus rated hospital bonds to market this week in a deal that will mark the final financing of the system’s largest construction project to date.

Michigan Gov. Rick Snyder has doubts about the need for a bill that would attach a statutory lien and trust to local unlimited-tax general obligation bonds.

The former chief of Chicago Public Schools was indicated Thursday on charges tied to no-bid contracts worth $23 million.

Kroll has weighed in on Chicago’s 2016 budget, praising the spending plan for a key property tax increase but warning of unresolved challenges and one-shot revenue boosts.

Chicago’s motor fuel tax bonds became the latest victim of Illinois’ budget stalemate Wednesday when S&P dropped the debt six notches, to BBB-plus.

Flint, Mich. will reconnect with Detroit’s water and sewer system after a year of struggling with polluted water from the Flint River.

Michigan lawmakers joined a national debate by advancing a bill to enact a statutory first lien on local issuers’ unlimited tax general obligation bonds.

After 12 years in Columbus, Megan Kilgore is “moving across the table,” taking a job at the firm, Umbaugh, that is the city’s financial advisor.

Cincinnati is nearing a historic agreement to remedy its long-standing pension shortfall that sparked downgrades and years of court battles with retirees and unions.

Chicago-based investment firm David A. Noyes & Company has hired former Indiana public finance director Mark Moore as part of an expansion of the firm’s Indiana investment banking team.

Michigan Gov. Rick Snyder said this week the state plans to offer assistance to the city of Flint, which has faced serious drinking water pollution problems since breaking off from the Detroit Water and Sewerage Department last year.

At a state Senate hearing, Michigan treasury officials pushed back hard against a bill that would give local unlimited-tax general obligation bondholders a statutory lien.

Michigan Gov. Rick Snyder unveiled a new pilot program that will have state officials mentoring local officials of 10 struggling communities across the state.