Organization Root Tag

GFOA had a previous president from the higher education sector, but Stone is the first from the K through 12 sphere.

Steven Gibson became president last year and is the deputy city manager in Rock Hill, South Carolina.

Municipal Securities Rulemaking Board Chair Gary Hall said the MSRB will examine governance rules such as the time period between when individuals leave their industry jobs and when they are allowed to become public board members.

GFOA members also will elect five new members-at-large.

The positive side is the bipartisan legislation for reinstatement introduced by 10 House lawmakers last week has a high possibility of being included in any infrastructure legislation that passes that chamber.

Issuers are concerned that the Municipal Securities Rulemaking Board reopening discussion of Rule G-23 could bring back "shady" practices.

GFOA members said they were taken aback and in some cases upset about the tone of the National Federation of Municipal Analysts' letter to regulators.

The governor's preliminary proposal relies on $17.8 billion of borrowing over six years.

With Memorial Day and the unofficial start to the summer approaching, the municipal bond market continues to dance to the same old song.

An IRS opinion that the existing bonds are tax-exempt is key to the exchange offer.

During the Great Recession, interest rates hit zero lower bound, which caused the Fed to make unprecedented moves, or quantitative easing, to spur the economy.

The White House is considering Derek Kan, an undersecretary at the Department of Transportation, for one of two open seats on the Federal Reserve Board, according to two people familiar with the matter.

The Securities and Exchange Commission is on the lookout for municipal advisors skirting the Series 50 Exam.

The federation endorsed the plan only after Gov. J.B. Pritzker dropped plans for a partial pension funding holiday.

Some municipal market observes hope the mayor's run won't take attention away from the city's $92.5 billion budget.

Attention in the municipal market turned to the short-term sector on Thursday.

Long-term leases with container shipping tenants protect ports in the short to medium term should trade decline.

The amended rules require dealers to disclose markups and markdowns as a total dollar amount and as a percentage of the prevailing market price to retail investors.

The delay of $220 million of pension savings is the latest "upsetting piece of news for bondholders."

Financial markets ignored surprisingly strong data and stayed focused on tariffs and developments in talks with China.