Priti Patnaik

Clark County is expected to sell $236.85 million of revenue bonds on Tuesday to finance street, highway, and transit projects.

When Burlington several years ago set out to build a municipal telecom network, it envisioned a self-sustaining system providing fiber-optic internet service to residents, business, and government in Vermont’s most populous city.

Thomson Reuters last month hired Daniel M. Berger as a senior market strategist at Thomson Municipal Market Monitor, focusing on market and credit activity.

In a bid to ease pressure on Nevada’s strained finances, Gov. Jim Gibbons last week approved plans to phase out Nevada State Prison in Carson City. The governor said this is expected to save the state $3 million while improving safety for prison staff.

The California Public Employees’ Retirement System announced the acquisition of a 12.7% stake in London Gatwick Airport from Global Infrastructure Partners. The pension fund has committed up to $155 million for the purchase.

Essential service bonds continue to be considered among the safest municipal market investments, faring better than general obligations bonds in the current economic environment, on the back of the rate-setting ability of issuers and investor perception that these bonds are more immune to fiscal stress, according to market sources.

The Georgia Transportation Investment Act of 2010, signed into law by Gov. Sonny Perdue last week, seeks to make the biggest investment in state transportation infrastructure in the last 50 years.

Moody’s Investors Service affirmed its Ba2 rating for outstanding revenue debt issued for Citrus Valley Health Partners, including $52.6 million of Series 1998 fixed-rate certificates of participation and $25 million of Series 1998 auction-rate COPs.

Triple-A rated Palo Alto will take bids for $58.5 million of Series 2010A general obligation bonds on Wednesday.

Fitch Ratings downgraded $4.7 billion of Clark County School District general obligation limited-tax bonds to AA and revised the outlook for the district to stable from negative.

A coalition of students, parents, school districts and educational organizations in California has sued the state, demanding an overhaul in the education finance system.

Rochester-based Harris Beach PLLC has hired attorney John S. Harris as partner to help with its expansion in the New York state capital region.

Hawaii Gov. Linda Lingle Monday announced that state income tax refunds processed during the months of January and February will now be issued. The 2009 refunds were delayed within the legally allowed 90-day refund period until early July 2010 to help mitigate the state’s projected $721 million revenue shortfall for fiscal 2010.

Growing property tax receipts in California have bucked the trend of falling market values of homes, according to a recent report from Moody’s Investors Service.