Indiana

Eric Holcomb said the state will consider using bond authority to move forward with capital projects that were to have been funded on a pay-go basis.

The rating agency expects to resolve the rating watch evolving within the next four months.

Taxable refundings caught on in the Midwest as they did elsewhere in the nation, helping the region post a 19% volume gain.

The state will use $300 million of surplus funds to pay for capital projects at university campuses.

The Big Ten school, which has favored shorter maturities, is issuing 40-year bonds in a bid to diversify its debt portfolio and lock in low rates.

Eric Holcomb pushed a similar early payment last year when he announced the use of $150 million of reserves to pay off a pension liability.

The better than expected forecast has added fuel to the debate between Republicans and Democrats over how to use the extra money.

Gary Mayor Karen Freeman-Wilson says the city will have the cash to repay short-term borrowing at the end of 2020.

A successful closing on the unrated deal was needed to make payments on short-term notes due on Dec. 31.

Indianapolis airport is back with a refunding of notes but it is holding plans to refund variable rate debt because it no longer makes economic sense.