City of Philadelphia, PA

The municipal bond market priced deals from Partners Healthcare, South Miami Health and Empire State Development as investors waited for final details of tax law changes affecting private activity bonds.

The council is exploring legislation to collect around $492 million in delinquent real estate taxes that could aid the city’s school district.

The municipal bond market saw Empire State Development sell almost $2 billion of bonds in five competitive offerings on Thursday as the market focused on tax changes being worked on in Washington.

Municipal issuers continue to race to market with deals before the calendar turns over, as the tax bill may limit issuance in 2018.

The Philadelphia School District’s planned transition back to local control after 16 years of state control could add credit pressure the city’s 13 charter schools, according to S&P Global Ratings.

A state-devised board that has governed the city’s school distressed district for 16 years voted to dissolve.

Mayor Jim Kenney's vision could provide more fiscal certainty for the school district at the expense of city finances, according to Fitch Ratings.

Mayor Jim Kenney wants local control returned to the city’s junk-rated school district, which would come at a cost.

Funding shortfalls, delayed expansion projects, and gridlock threaten the viability of the Amazon bids, according to the Tri-State Transportation Campaign.

The mayor's office said the survey by City Controller Alan Butkovitz, a soda tax opponent, wasn't impartial.