In yesterday's Market Column, we inaccurately reported the North Texas Tollway Authority ratio of fixed-rate debt on today's $2.3 billion revenue bond deal. The original plan called for 10% of the debt to be unhedged variable rate. The new plan approved by the NTTA board at a special meeting yesterday increases the unhedged variable-rate offering to 30%.
Washington Gov. Bob Ferguson said the economic council will build on other efforts he has championed to decrease permit housing times and encourage construction.
While California has improved the timeliness of its audited comprehensive financial reports, Nevada continues to struggle.
Thursday was quiet in the muni market as many deals — which did pretty well upon pricing or selling — came to market earlier in the week, said Ron Banaszek, co-head of public finance and lead underwriter at Blaylock Van.
The groups are taking additional steps to try to stop or pause development of a major industrial park between New Orleans and Baton Rouge.
Academics, policy makers and lawmakers are exploring ways to deal with the rising costs of operating bus lines and identify funding options.
The agreement launches a six-month process in which the consortium will evaluate opportunities to design, build, operate, finance and maintain one or more segments of the program.
