Karen is a senior reporter covering the Southwest. She has covered the municipal bond market for more than 30 years at The Bond Buyer and Reuters. Prior to that she wrote about futures and options markets for magazines and was an award-winning reporter for a suburban Chicago newspaper chain.
-
Bond trustee UMB Bank informed owners of the defaulted debt they may have actionable claims related to the bonds' sale.
September 22 -
A referendum for up to $350 million of general obligation bonds for a terminal project will appear on the Nov. 7 ballot.
September 20 -
A constitutional amendment on the Nov. 7 ballot would deposit $1 billion in a Texas Water Fund with at least 25% earmarked to increase the drought-prone state's water supply.
September 18 -
The rating is the first so far released for a controversial debt sale that will begin financing a $5 billion, 15-year toll road expansion project.
September 15 -
The state in 2010 sold $1.5 billion of bonds backed by payments from a master settlement agreement with tobacco firms and used the proceeds to pay overdue bills.
September 13 -
The authority approved $1.3 billion in conduit financings at its meeting Tuesday.
September 13 -
The bond issue, which was delayed due to litigation, would be the first debt sold by the turnpike authority for its $5 billion, 15-year toll road program.
September 12 -
States nationwide saw slower general fund revenue growth in fiscal 2023 after gains the previous two fiscal years fueled by high inflation and federal stimulus.
September 11 -
The Des Moines Airport Authority wants to take advantage of Polk County's triple-A ratings to lower borrowing costs for a terminal project.
September 7 -
Trinity Regional Hospital Sachse filed for Chapter 11 bankruptcy after problems left it unable to pay municipal bond debt service or cover operating expenses.
September 6 -
The city, which issued POBs in 2005, is awaiting recommendations from an actuary on how to deal with a $3 billion unfunded liability in its public safety fund.
September 1 -
The state's Council of Bond Oversight will once again consider $500 million of bonds for a controversial $5 billion Oklahoma Turnpike Authority expansion.
August 30 -
The upgrades mark the second in a year for the tollway authority's ratings, which were raised last August by S&P Global Ratings.
August 29 -
The state is capping transfers of fossil fuel-related revenue to its general fund and will invest money that exceeds the cap through a Severance Tax Permanent Fund.
August 28 -
The Attorney General's office found the firm complies with a 2021 state law banning contracts with companies that "discriminate" against the firearm industry.
August 25 -
The Uinta Basin Railway, which aims to transport crude oil, is eying up to $2 billion in private-activity bond authorization.
August 24 -
The rating agency cited the Illinois county's accumulated reserves, as well as required pension contributions for the move.
August 23 -
The eight-state region accounted for $38.5 billion in muni bond sales in the first half of 2023, with the lion's share coming from Texas.
August 21 -
The state treasurer's revisions, which shrank the list to six financial firms from 13, includes Bank of America, JP Morgan Chase and Wells Fargo.
August 16 -
The rating agency's release ESG credit indicators for states and territories last year was blasted by GOP officials for being politicized, vague, and confusing.
August 14
