The Latest

Several big names in the muni market will be part of a new SEC committee

The Pasco School District bond is now passing.

Mayor Jim Kenney's vision could provide more fiscal certainty for the school district at the expense of city finances, according to Fitch Ratings.

With an ordinance for $70 million in Terre Haute Sanitary District construction bonds facing certain defeat, Mayor Duke Bennett’s administration requested and the City Council Thursday agreed to withdraw the measure.

Municipal bond market participants are scanning the news closely for details of tax reform provisions that affect them.

Though Federal assistance may have helped lessen the impact of Hurricane Maria, analysts said there are still "plenty of reasons to worry" about the government's ability to function.

The University of Michigan's preliminary November consumer sentiment index reading was 97.8, compared to the final October 100.7.

The muni market would fare better in the Senate Republicans' tax reform proposal, which would preserve private activity bonds and enhance them through the repeal of the alternative minimum tax. However, advance refundings and the SALT deduction would be terminated, a "one-two punch" for state and local governments.

Growing pension costs cost the city a rating notch.

The Illinois Finance Authority authorized a passel of deals that would be outlawed by a GOP tax bill.