The partners working on an Austin-San Antonio Commuter Rail District added a new member as the city of Schertz agreed to pay the $49,500 membership fee for a seat on the board. The board is studying a commuter rail system along the Interstate 35 corridor with the aim of easing traffic between San Antonio and Georgetown, north of Austin, boosting local economies along the way. The Schertz City Council also authorized the Schertz Economic Development Corp. to vote on all the financial and planning aspects of the rail system. The San Antonio suburb of 28,180 did not authorize additional city resources or taxes nor commit to future costs for the rail project.
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The utility responded that it is not eligible to declare bankruptcy.
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"Investors were not disappointed," said John Kerschner, global head of securitized products and portfolio manager at Janus Henderson. "Inflation came in softer than expected, leading to a tepid bond market rally" and ensuring a rate cut at the upcoming Federal Open Market Committee meeting.
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The northern California school district has been struggling for years and on several occasions abandoned plans to consolidate schools, which rating agencies say might have shored up finances.
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Jamie Doffermyre has worked in munis at Truist Securities, Citi and Merrill Lynch.
October 24 -
Mayor Brandon Johnson released to City Council a report from accounting firm Ernst & Young with recommendations for closing the city's structural budget gap.
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Executing a successful bond issuance becomes simpler by combining long range planning, shorter-term timing and marshaling political support.
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