Missouri

Kansas City has a market stop planned for Wednesday before moving on to voters who are being asked next month to authorize $800 million in general obligation borrowing for infrastructure work over the next two decades.

The University of Missouri’s AA-plus rating carries a stable S&P Global Ratings outlook, up from negative.

Issuers in the Midwest sold $87.2 billion of municipal bonds in 2016, a 23.4% year-over-year increase that was the biggest of any region.

St. Louis voters will decide whether to raise taxes to fund a light-rail expansion and other projects and to cover the city's contribution for a new professional soccer stadium.

St. Louis is hoping the courts will allow voters to decide this spring tax increase proposals to fund a light-rail expansion and other projects and to cover the city’s contribution for a new professional soccer stadium.

S&P Global Ratings said it revised its outlook to negative from stable and affirmed its A-plus long-term rating on Missouri Health & Educational Facilities Authority's series 2006, 2011, and 2015B bonds issued for St. Luke's Episcopal-Presbyterian Hospital (St. Luke's).

Missouri needs to cut $700 million in spending through the next 18 months to keep its books balanced, Gov. Eric Greitens warned this week.

Missouri Gov.-elect Eric Greitens threw a wrench in financing plans for a $200 million stadium to house a new St. Louis-based Major League Soccer team this week after announcing his opposition to public subsidies for professional teams.

The Metropolitan St. Louis Sewer District heads into the market with a $150 million mostly new money issue that taps a $945 million voter-approved bonding authorization from 2012.

A St. Louis redevelopment agency heads into the market as soon as this week with a $108 million issue to fund land and site costs supporting a new $1.75 billion facility for the National Geospatial-Intelligence Agency.

Midwestern voters delivered mixed results on transportation proposals Tuesday while picking new governors and settling legislative races that stand to impact fiscal decisions in Illinois and Minnesota.

Making a big leap west, Missouri-based Gilmore & Bell PC snared an eight-lawyer public finance team from Ballard Spahr LLP’s Salt Lake City office.

Holders of $113 million of defaulted bonds issued for a Branson, Missouri Airport will get an update on airport operations and an amended forbearance agreement on Oct. 13.

St. Louis was downgraded ahead of its $25 million general obligation sale planned for later this month.

St. Louis-based Stifel Financial Corp. reached into Indiana for its latest acquisition, City Financial Corp. in a deal that bolsters Stifel’s already strong public finance foothold in the Midwest and further cements its evolution into a national player in public finance.

The issuers of the Midwest sold $41 billion of municipal bonds in the first half of 2016, spurred by increased new money issuance, according to Thomson Reuters data.

The Treasury Department has determined that $385,118 of taxable general obligation qualified zone academy bonds issued by a Missouri school district in 2012 do not qualify for refundable tax credits.

St. Louis’ issuer default and Municipal Finance Corp. ratings took a three notch tumble over negative trends and Fitch Ratings application of new criteria in assessing tax-supported debt.

Missouri-based public finance law firm Gilmore & Bell PC is bulking up, adding two bond lawyers who primarily focus on school district finance.

Ferguson, Missouri will go back to voters seeking a tax hike to help balance a budget strained by a drop in tax collections, legal expenses, and the costs of tackling policing and municipal court reforms outlined in a federal consent agreement.