Regional News

U.S. District Judge Laura Taylor Swain suggested the board should include a contingent vehicle instrument in the proposed plan of adjustment.

Without that claim, bondholders are fighting for repayment of about $8.5 billion.

MBIA Inc. used National Public Finance Guarantee and MBIA Insurance to "perpetrate a fraud on investors," the COFINA bondholders said.

S&P revised its outlook to negative on San Juan Cruise Port LLC's BBB-minus rated bonds.

St. Louis Community Ice Center drew on a debt service reserve to make payments on its unrated Series 2018A revenue bonds and defaulted on its 2018B bonds.

The U.S. Department of Transportation will release $1.05 billion that was set aside by the Biden administration for the long-awaited Blatnik Bridge project.

Iowa lawmakers have to merge competing visions for property tax reform after multiple bills passed out of committee in the state House and Senate this month.

Nebraska Gov. Jim Pillen called on state lawmakers to act after the state's 2025-27 biennium budget bill fell short of a cloture vote on Thursday.

The MTA's goal to monetize its vast property portfolio could bring 300 homes to Crown Heights. 

Three rating agencies now have negative outlooks on New York City. 

Pennsylvania and New Jersey built up historically strong reserves. Unwilling to raise taxes, their governors want to tap these funds.

The parent of New York's Metropolitan Opera fell deeper into junk-bond status this week, while the New School university has a lower investment-grade rating.

The new state income tax is expected to make Washington munis, which are exempt, more attractive for high-earning residents.

The East San Francisco Bay area water and wastewater utility will price into a market that has seen increased revenue bond issuance.

Virginia and Georgia topped the list of high performers and Alaska and California received the lowest marks in the Reason Foundation's analysis.

"This is the largest flood we have had in 20 years," said Hawaii Gov. Josh Green.

Despite headwinds in the higher education sector, Louisiana State has enjoyed rising undergraduate enrollment.

Virginia and Georgia topped the list of high performers and Alaska and California received the lowest marks in the Reason Foundation's analysis.

The deal includes a current refunding of general obligation bonds issued in 2016 and a tender offer for bonds that have not yet reached their call date.

S&P Global Ratings cited the state's structurally balanced budgets and progress on improving the finances of its pension system.

Martina Hinojosa and Kevin O'Donnell Stanek have joined FBT Gibbons' public finance practice as partners.

Otero County addressed an Open Meetings Act violation by reapproving a contract with ICE that generates revenue to pay off bonds for a detention facility.

A lawsuit filed this week seeking to end Austin's transportation user fee comes as the Texas city is launching its fiscal 2027 budget process.

The AA-minus-rated bonds come to market as the hospital sector continues to navigate through rising expenses and other challenges.