Wisconsin

Larry Wiemer II succeeds Dennis Reilly as head of the Wisconsin's conduit agency that assists the not-for-profit hospitals, educational and other organizations in accessing the municipal market

Moving beyond its goals for the ownership makeup of a deal team, Wisconsin pushed for diversity among the lead contacts working on a recent transaction.

The new-issue calendar for the holiday-shortened week is $4.98 billion, with $3.633 billion of negotiated deals and $1.347 billion of competitive loans.

Dennis Reilly will leave the conduit issuer after 26 years to focus on establishing a not-for-profit lending footprint for Fifth Third in Wisconsin.

Wisconsin now expects a $3.8 billion surplus in its current two-year budget, setting the stage for a partisan fight over what to do with it.

Wisconsin closed fiscal 2021 with a record $1.18 billion positive balance based on the GAAP yardstick that had long showed the state in the red.

Richard Li is leaving the Milwaukee comptroller's office after nearly two decades to work on Connecticut's state debt issuance.

The long end of the municipal curve rallied under a backdrop of stronger-than-expected October jobs data and upward revesions to the prior two months ahead of the arrival of $9.6 billion next week.

Wisconsin reported healthier-than-expected fiscal 2021 results that should benefit a new money deal planned for next month.

Several Midwest-based not-for-profit health systems are set to borrow for new or acquired facilities and to refund debt with green bonds and taxables in the mix.

Kroll Bond Rating Agency upgraded Wisconsin’s general obligation bonds to AAA from AA-plus and S&P Global Ratings lifted them to AA-plus from AA.

An uptick in new money borrowing fell far short of making up for a decline in refundings.

Wisconsin's two-year budget was enacted despite the division between Democratic Gov. Tony Evers and Republicans who control the legislature.

As lawmakers debate a new two-year budget, the state increased general fund revenue projections by $4.4 billion.

The U.S. Treasury 10-year dipped to its lowest yield since March while municipal investors poured money into new deals and secondary trading helped push benchmarks even lower.

The state's revised contract with Foxconn on tax subsidies reflects the dramatic downsizing of the original project unveiled in 2017.

GOP lawmakers plan to scrap some of the Democratic governor's budget priorities, which include a $2.38 billion capital plan.

From the use of taxables to forward deliveries, refunding deals drove an overall 15.8% hike in Midwest bond volume that exceeded the national average.

The state plans a series of municipal bond sales with tailwinds from upbeat fiscal news, including its first surplus on a GAAP basis.

Modest revenue growth is projected over the course of the biennium that begins July 1, but “unprecedented volatility” because of the pandemic remains a concern.