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Federal Reserve Bank of New York President John Williams said policy makers are “thinking very hard” about targeting specific yields on Treasury securities as a way of ensuring borrowing costs stay at rock-bottom levels beyond keeping the benchmark interest rate near zero.
May 27 -
Most of the state revenue loss came from $599 million in lower-than-estimated state sales tax collections, which support 79% of Florida’s budget.
May 27 -
With the latest federal rescue package stalled, New York's mayor has asked state lawmakers to authorize an additional $7 billion in bonding.
May 27 -
An injunction was issued against U.S. Immigration and Customs Enforcement, which could impact a prison's facility's revenue bonds.
May 27 -
The think tank bestows its highest honor for leadership in the New York metropolitan region to the American Triple I Partners chairman and former HUD secretary.
May 27 -
The board anticipates a $22 billion cumulative deficit through fiscal 2049.
May 27 -
Credit concern is being lost somewhat in pricing munis and traders said they are looking for alternative benchmarks, even turning to corporates and U.S. Treasuries to price the market.
May 26 -
The $40 billion budget for fiscal 2021 authorizes up to $5 billion of borrowing through the Federal Reserve’s Municipal Liquidity Facility.
May 26 -
Federal Reserve Bank of St. Louis President James Bullard predicted the U.S. economy will recover from the highest unemployment since the 1930s with a rapid rebound that will push the jobless rate below 10% by December.
May 26 -
GFOA considers a minimum baseline level of reserves to be 16%.
May 26 -
Although up from the worst levels, indicators are not signalling recovery.
May 26 -
With postponing expenditures and the rainy-day fund withdrawal, the state still forecasts a yearend surplus.
May 26 -
The Federal Reserve has already unleashed a barrage of new policies to keep the economy out of depression. Investors reckon it’s lining up another one.
May 26 -
Philip Plotch of St. Peter's University discusses his book, "Last Subway," about the decades-long tussle to complete the New York megaproject. Paul Burton hosts.
May 26 -
The primary supply for the holiday-shortened week is projected to dip to just over $4 billion, with a mix of tax-exempt and taxable issuance led by Colorado’s $500 million of certificates of participation.
May 22 -
The Fed says it has more ammunition; experts define what those bullets are.
May 22 -
The Unsecured Creditors Committee say that two factors make it clear the current restructuring deal will never be approved.
May 22 -
The announcement comes at a pivotal time for the municipal market as the SEC released a statement earlier this month detailing the kinds of coronavirus disclosures municipalities should be making.
May 22 -
First finance officer from a K-12 school district to serve as GFOA president had to deal with coronavirus fallout.
May 22 -
GFOA will be launching a new online learning-management system by the end of the year to connect its members.
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