Markets

When the Midland City Council approves the recommendation to pay off the debt related to the construction of the Scharbauer Sports Complex, the city will have paid more than $65.4 million in principal and interest.

With its income-tax proposal stalled, the Alaska House majority is now moving its oil-tax bill instead, unveiling a new version of the legislation Friday that limits cash subsidies for companies and makes substantial changes to tax rates and credits.

As legislators in Madison debate how to fill a $1 billion hole in the state's transportation fund, cash-strapped local government officials are left with no choice but to use band-aids to patch the potholes riddling the state's crumbling roads and bridges.

Two major construction projects on U.S. Highway 95 in North Idaho are at the top of the list for funding if Gov. Butch Otter signs a major transportation bill that lawmakers passed.

The West Virginia House adopted a resolution that would authorize $1.6 billion in bonds, which is the cornerstone of Gov. Jim Justice's road program.

Transportation bills now headed to negotiations in the state Capitol include increases in funding, but members of the Area Transportation Partnership for Southwest Minnesota are not optimistic that the region's needs will be met.

Katy ISD's bond process is officially underway.

Wells Fargo dropped to eighth place among municipal underwriters, hurt by last year's phony accounts scandal. Citi maintained its lead in the ranking.

New York traders on Monday were looking over the retail pricing of the big NYC Transitional Finance Authority negotiated deal. Muni finished unchanged in quiet trading as Passover kept price action muted.

Municipal bonds were unchanged in quiet trading at mid-session, according to traders, who were awaiting the first deals on the week’s $5.69 billion holiday calendar.