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A top advisor to Brandon Johnson said his administration is still waiting on the advice of incoming CFO Jill Jaworski and budget director Annette Guzman.
May 25
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A tender offer and a debt service shortfall related to bonds issued in the wake of Winter Storm Uri popped up this month as its financial impact lingers.
May 25
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FINRA has charged Crews and Associates $50,000 and its former head trader and CEO $30,000 for selling municipal bonds with markups and for failing to maintain a supervisory system.
May 25
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The Investment Company Institute reported investors pulled another $137 million out of municipal bond mutual funds in the week ending May 17, after $290 million of outflows the previous week.
May 24
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Weakening revenues should be a red flag for states, particularly those planning tax cuts, said Lucy Dadayan of the Urban Institute's Tax Policy Center.
May 24
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"While everyone is watching the federal government experience a debt crisis and come close to defaulting on our nation's debt for the first time in history, Miami's credit rating was just recently upgraded," said Mayor Francis Suarez.
May 24
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A consensual plan of adjustment is unlikely to be reached, according to one observer.
May 23
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Austin planned to use property taxes approved by voters in 2020 to pay off bonds for the project.
May 23 -
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Diversity, equity, and inclusion concerns are exerting more influence in public finance.
May 23
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The new law's uncertain impact on cities and states has been a hot topic at the GFOA's annual conference this week.
May 23
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"If the banking stresses start to bring inflation down for us, then maybe we're getting closer to being done. I just don't know right now," said Federal Reserve Bank of Minneapolis President Neel Kashkari.
May 22
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The bank-qualified cap is a muni priority that could appeal to lawmakers from less populous areas, as it impacts exclusively small issuers.
May 22
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The exemption, which has been recently enforced by the Securities and Exchange Commission for the first time, will likely force some underwriters to opt out of it for fear of enforcement.
May 22
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As GFOA's new president, she intends to work to address staffing shortages and bring GFOA members together.
May 22
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Puerto Rico must take additional steps to be able to regain market access, they said.
May 19
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The Biden Administration has partnered with five cities and the State of California in efforts to reduce homelessness.
May 19
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Federal Reserve Bank of New York President John Williams says there is no evidence that the COVID-19 pandemic has ended the era of very low interest rates experienced before the crisis, although growth may be slower in the long run.
May 19
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Federal Reserve Chair Jerome Powell gave a clear signal he is inclined to pausing interest-rate increases next month and said that tighter credit conditions could mean the policy peak will be lower.
May 19
