A state legislative committee last week decided against endorsing any revenue increases, including a four-cent hike in Iowa’s gasoline tax, to raise more funds for highway projects. The special interim committee, however, said that lawmakers would continue to look at highway funding issues when the Legislature returns to work next month. State transportation officials have warned that Iowa needs an additional $200 million annually to begin addressing $27 billion of unfunded needs over the next 20 years. Gov. Chet Culver said in a letter that he acknowledges the significant needs of the state, but he remains opposed to any increase in the gasoline tax because of current high gas prices at the pump.
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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