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California State Senate suggests deficit-shrinking cuts ahead of formal budget.

Marc Livolsi was promoted to lead U.S. Public Finance New Issue Marketing and Business Development, and Evan Boulukos will lead Assured's Secondary Markets desk, both of whom will report to Chris Chafizadeh, senior managing director and co-head of Public Finance.

Municipal bond buyers looking for yield need look no further than the OTB's non-rated tax-exempt revenue bond deal that's set to be priced this week.

The state Supreme Court ruled that prevailing wage rules for public projects don't apply to private entities that borrow using tax-exempt conduit bonds.

"While rate volatility returned this week, should the market return to range-bound levels for a protracted period of time, investors might want to add exposure to sectors that provide the most value and have underperformed thus far," Barclays said. 

The $650 million settlement will fund back pay for firefighters, who will also get future wage hikes.

The Municipal Securities Rulemaking Board brought four trade groups together to discuss the volatility and allocation of its fees under the now abandoned rate card model.

"Insurance rationing by the leading insurers is becoming the mechanism by which climate risk is starting to impact municipal issuers," said Triet Nguyen, vice president of strategic data operations at DPC Data.

Fitch analysts cited improved financial metrics, a full recovery on enplanements and great clarity on its capital program.

The Municipal Bonds for America Coalition, headed by the Bond Dealers of America, is putting its lobbying work into overdrive as tax reform begins to show its head as a major legislative priority.