Connecticut

City officials want to avoid more draconian state oversight by the new Municipal Accountability Review Board.

Such a move might allay fears in the capital markets while removing lawmakers from decision-making, according to consultant Jim Millstein.

Wilshire Consulting said the aggregate funded ratio for U.S. state pension plans remained unchanged between and first and second quarters of 2018 at 70.8%, up 0.7 percentage points from the previous 12 months.

The proposed Treasury rules would limit states' use of charitable deductions as workarounds for the $10,000 cap on the federal deduction for state and local taxes.

Two of three sales in Connecticut’s recent bond offering set record retail orders, said state Treasurer Denise Nappier, while spreads continued to drop.

Northeast municipal bond issuance sank 11.7% in the first half of 2018 compared to a year earlier, reflecting a national trend driven by federal tax changes.

With the state's stagnant economy as a backdrop, Democrat Ned Lamont will face Republican Bob Stefanowski.

The state expects to come to market with an $889.1 million general obligation sale in three tranches.

The Trump administration’s effort to publish a proposed rule comes just over two months after the IRS announced May 23 it was working on the regulations to enforce the $10,000 cap on what previously was an unlimited personal deduction of state and local taxes, also known as SALT.

The State Bond Commission approved a $10 million study on reviving tolls against a backdrop of revenue strain and regional dynamics.