-
"The risk of future budgetary pressure is further elevated due to pension contributions falling short of their actuarially determined contribution amounts in each of the past three years and a relatively high level of unfunded pension liabilities," said S&P's Rob Marker.
March 4
-
New MSRB Rule G-46 on the duties of solicitor municipal advisors goes into effect on March 1
March 1
-
"When you add everything in this document up, it demonstrates you can make smart investments when you budget wisely, trust the market rather than try to dictate it, and empower your citizens more than you empower the government," said Georgia Gov. Brian Kemp.
March 1
-
Municipals look poised to close out February a touch in the black following a more constructive tone Thursday after being in a 'holding pattern' for much of the past two weeks.
February 29
-
Analysts say states can avoid short-term issues as a result of strong reserves but some may face challenges over the longer term.
February 29
-
The goverment must address expected fiscal challenges or bond payments after 2031 are in jeopardy.
February 28
-
Issuance is already slated to be healthy next week, with some large deals on the calendar.
February 28
-
FEMA, state and cities have been in a dispute over federal funding locals say was promised to place homeless people in hotels after the pandemic struck. Officials say the recent outlay doesn't cover the disputed time frame.
February 28
-
Three of the hires are group heads in public sector and structured finance businesses at the firm.
February 28
-
A new tax on corporations would create a dedicated revenue stream for commuter rail and bus operator NJ Transit under New Jersey Gov. Phil Murphy's budget plan.
February 28
-
In addition to repowering the nuclear plant, the Palisades owner wants to build a pair of new small modular reactors, which would mark another first in the U.S.
February 28
-
The MSRB remains fully committed to its strategic goal of upholding public trust and looks forward to engaging with its stakeholders in the coming weeks.
February 28
Municipal Securities Rulemaking Board -
Munis should remain well bid until issuance picks up "dramatically," said Nuveen's Anders S. Persson and Daniel J. Close.
February 27
-
The Municipal Securities Rulemaking Board's request for information on small firms has commenters divided over what rules should apply to small firms and how the board should go about instituting them.
February 27
-
The Office of Tax Policy is still short on muni-based leadership.
February 27
-
CreditSights said states with the largest payments are Texas at $2 billion, Pennsylvania at $1.5 billion, South Carolina at $1.3 billion and California at $1.2 billion
February 26
-
The bonds are rated Aa2 by Moody's Investors Service, AA by S&P Global Ratings and Fitch Ratings and AA-plus by Kroll Bond Rating Agency. All four rating agencies have a stable outlook on the credit.
February 26
-
New laws, fines and agencies leveraging AI are poised to impact the munis industry throughout 2024.
February 23
-
U.S. DOT Deputy Secretary Polly Trottenberg traveled to Miami-Dade County to highlight the $27 million of funding provided under the bipartisan infrastructure law to Miami International Airport's improvement projects.
February 23
-
S&P cited budget pressures that have not been counterbalanced by new revenue growth when lowered the outlook on the city's BBB-plus rated GO bonds.
February 22
