Organization Root Tag

While the city projects a water emergency, capital costs in the state's latest water plan skyrocket and demand exceeds capacity in a state financing program.

Illinois Comptroller Susana Mendoza announced her candidacy for mayor of Chicago last week, pledging "to respect the taxpayer dollar and stretch its value."

The $1.2 billion deal, issued by the California Community Choice Financing Authority and underwritten by Goldman Sachs, saw Alphabet as its funding recipient.

The bond parties want the U.S. Court of Appeals for the First Circuit in Boston to overturn the U.S. District Court's rulings on their efforts to gain control of PREPA.

Regulators may be questioning "whether these trading accounts are really institutions or whether they function like an unregistered broker."

California Lt. Gov. Eleni Kounalakis, a Democrat, was the lead vote-getter in preliminary results with 1,616,720 votes or 34.3%.

The Fed is expected to hold steady for the rest of the year as it navigates a renewed inflationary environment, according to the UCLA Anderson Forecast.

The rating agency cited improving financial metrics and the port's importance to the regional economy.

The long-discussed pieces of the budget — a "pied-à-terre" tax, climate law changes, and higher education spending — have finally come together. 

"When FINRA and MSRB rules which cover similar functions differ in their application, it raises compliance costs for dealers and raises the risk of inadvertent noncompliance," the Bond Dealers of America said in its letter.

The New York Convention Center Development Corporation is coming to market for the first time in more than a year, with bonds backed by a hotel surcharge.

Federal Reserve Vice Chair for Supervision Michelle Bowman said Friday that she believes price growth is still heading toward the central bank's 2% target when factoring out one-time shocks such as tariffs and elevated oil prices.

The Maryland Economic Development Corporation and the Internal Revenue Service have reached a resolution in a tax squabble over a bond issuance where proceeds of the sale were not spent within a three-year time window.

Ed Fierro, a partner at Bracewell, said "making any changes to the rule is a very lengthy process."

The rating agency cited solid financial performance and a stabilizing leverage profile.

Moody's Ratings upgraded Detroit's issuer and general obligation unlimited tax bond ratings to A3 after S&P bumped Detroit to BBB-plus from BBB.

They are seeking legislation on transportation, water and other topics.

The former Massachusetts congressman "was a true champion for the municipal bond market," GFOA's Emily Brock said.

The Trump administration took over the Penn Station renovation a year ago, accusing the MTA of mismanagement.

Proposed FEMA reforms could further increase financial strain for state and local governments after natural disasters.