A story Friday stated that Nassau County, N.Y., had sent an letter to the Securities and Exchange Commission seeking approval for its proposed selling of revenue anticipation notes to buy auction-rate securities. Nassau's bond counsel participated in the letter but it was sent by another law firm seeking approval on similar proposals, and the county was waiting for the SEC's response.
The East Baton Rouge Sewerage Commission plans to achieve savings by refunding taxable bonds with tax-exempts.
Bondholders are pitted against each other in the case, where it looks like the majority holders may become owners of the distressed companies.
Backers of a voter-approved public safety funding proposition that led to a negative rating outlook by Moody's said the budget fails to comply with the measure.
Capital Group joins a small, but growing number of shops that have added, or considered adding, muni ETFs to their model portfolios.
The SEC-approved amendments will become effective in two stages, the MSRB said.
Unless the state government makes changes to revenue or expenditures Florida faces a combined deficit of $8.1 billion in fiscal years 2027-28 and 2028-29.
