Markets

Illinois Gov. Bruce Rauner's veto of school aid legislation jeopardizes school funding and ratings, Fitch reports.

Municipal bonds finished mixed in secondary trading Wednesday, while a big North Carolina bond deal priced Massachusetts sold several large note offerings in the primary.

Increased state aid can stabilize Indiana schools' credit for a couple of years, but benefits will ultimately be offset by higher costs, S&P says.

Action got started right away on Wednesday, as the big North Carolina bond deal priced early on Wednesday, while muni yields are unchanged to slightly lower.

After issuing $4.2 billion of bonds to finance two new nuclear reactors, Santee Cooper said the project was no longer affordable.

The big North Carolina bond deal priced early on Wednesday while traders are set to see the large Massachusetts note offerings go out for the bid later in the day.

Houston City Council approved a capital projects plan Wednesday that envisions a November bond election to help support billions of dollars in improvements over the next five years.

The Austin school board in November will place before voters a single $1.1 billion bond proposition, a departure from previous bond elections when the district tried to hedge its bets.

The Securities and Exchange Commission has concluded its investigation of the West Contra Costa Unified School District's bond program without any sanctions, the agency announced.

Regional School Unit 9 directors voted unanimously Thursday to use the majority of $729,954 in additional state funds to reduce tax assessments and borrowing for capital improvement projects.