Montana

The Montana Facility Finance Authority can directly issue debt for a broader array of organizations following a legislative change.

The $250 million in debt being issued for Montana Renewables is equal to nearly half the state's issuance for last year.

The debt issued through conduit Gallatin County, Montana, benefits an aerial firefighting company that went public through a SPAC weeks after the bonds sold.

While the report offers many positives for states, headwinds loom, according to investment management firm Conning.

States are well-positioned to emerge from COVID-19, the investment firm said in its annual grading.

In Montana, two school districts and the state government reported that a new state law signed by the governor on May 6 will end the state tax deduction for certain school bonds after 2023 if those bonds are federally taxable.

After eight oil-producing states recovered from the 2014 oil price collapse, they face another downturn, S&P Global Ratings said.

Issuers in the Far West sold $85 billion of municipal bonds in 2019, a 23% increase from 2018.

Dozens of minor-league teams would get the ax under a Major League Baseball proposal, leaving governments holding the bag for stadiums they subsidized.

The Financial Industry Regulatory Authority found D.A. Davidson & Co. provided inaccurate pricing in issue price certificates.

Issuers in the nine-state Far West region sold $34.6 billion of municipal bonds in 2019's first six months.

Voters in three states approved Medicaid expansion, highlighting dozens of ballot measures around the country that will impact budgets and credit.

NASBO Executive Director John Hicks said that deposits made to rainy days funds from budget surpluses will likely bring the total to more than $58 billion for fiscal 2018.

Issuance was down 27% in the region from the first half of 2017, and almost 30% in California, its largest market.

Sen. Jon Tester, D-Mont., and co-sponsors of a recently offered bill want to prevent businesses in their states from being forced to collect sales taxes from e-commerce transactions.

New York, New Jersey and Connecticut are the first states to have created charitable funds that taxpayers can contribute to in order to claim a charitable deduction in lieu of paying state and local taxes.

The IRS notice warns that federal law, not state law, controls how payments for federal income tax purposes are characterized.

Democrats are frustrated that President Trump's infrastructure plan would require state and local governments to come up with the majority of funds for infrastructure projects.

The university expects healthy reception for its higher education bonds in a supply-constrained market.

Economic development leaders on Wednesday cleared a major final hurdle for the development of Glacier Rail Park when the Flathead County commissioners unanimously approved a resolution for port authority revenue bonds needed to finance the relocation of CHS to the rail park.