Gov. Chris Gregoire announced a supplemental budget Tuesday that she said will allow Washington to close the biennium with about $1.2 billion in the bank. The supplemental budget allows the state to make adjustments in the second year of its two-year budget cycle. Some of them appeared to be related to recent flooding that brought much of the state to a standstill, including a proposal to request $50 million in bond authorization for the Chehalis-Centralia Flood Control Project. Gregoire said the final budget will allow the state to close fiscal 2009 with $430 million in a new rainy-day account plus $774 million in unrestricted reserves. “Saving money now is vital to ensure that we have money in the future,” she said in a statement.
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Moody's Ratings on Monday revised Illinois' outlook to positive from stable and affirmed the state's A3 issuer rating and the A3 rating on its GO debt.
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"Bifurcated demand reflects the persistent bid strength from [separately managed accounts] and retail investors, not to mention more accounts marshaling cash and liquidity up front while the Fed perspective evolves," said MMA's Matt Fabian.
April 23 -
In a move that kicks the can down the road at the very least, the Commission has begun a process that often results in outright rejection.
April 23 -
The 2022 law, which has so far banned three major investment banks from underwriting municipal bonds in Oklahoma, could be amended to limit its reach to state agencies.
April 23 -
The SEC has won a partial victory against Choice Advisors and its principal Matthias O'Meara for their role in acting as unregistered brokers and for engaging in a fee-splitting arrangement.
April 23 -
The trio have decades of experience in high yield and investment grade portfolios and will launch new high-yield investment strategies and vehicles for Rockefeller.
April 23