Friday's story on an upcoming Puerto Rico Municipal Finance Agency sale included inaccurate information. The debt is backed by an unlimited special additional property tax that varies depending upon the municipality. The tax doesn't have a rate cap so municipalities are not limited in the amount of property tax revenue they can collect. Another 1.03% property tax pays down the commonwealth's general obligation bonds.
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Charter schools had the most impairments in the past 12 months.
11h ago -
Municipal bond mutual funds saw another week of inflows as investors added $1.053 billion in the week ending Wednesday, the second-largest figure this year.
May 9 -
In a new debt profile report, the Comptroller Thomas DiNapoli says the MTA will be pressured if congestion pricing tolls in Manhattan are blocked.
May 9 -
"The Maryland SmartBuy program is designed to help first-time home buyers who have student loan obligations qualify for acquisition financing under the Maryland Mortgage Program," said the CFO of the Maryland Department of Housing and Community Development.
May 9 -
Even as Florida advances a pair of bills expanding the state's already broad public-private partnership authority, the P3 message from the state's debt office appears less than enthusiastic.
May 9 -
More than $17 billion of general obligation bonds piled onto May 4 election ballots in the state, with voters passing some of the biggest, including Dallas' $1.25 billion, 10-part package.
May 9