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Fitch analyst raises concerns about Virgin Islands budget
The U.S. Virgin Islands' proposed budget may be overly optimistic in its revenue and spending assumptions, according to a Fitch Ratings analyst.
Puerto Rico Oversight Board names Revitalization Coordinator
Noel Zamot will oversee expediting permitting for crucial projects to help strengthen the territory's economy.
Virgin Islands governor proposes spending 9.2% less in FY2018
U.S. Virgin Islands governor Kenneth Mapp is cutting spending with an eye on moving toward a structurally balanced budget.
Puerto Rico bondholders launch `uphill battle` against USA
The United States of America is the defendant in a suit filed by investors seeking payment of $3.1 billion in principal and interest in Puerto Rico Employment Retirement System bonds.
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Illinois sends out Medicaid payments
Illinois made $740 million in Medicaid-related payments this week.
UBS hires Elizabeth Coolidge to lead Midwest revival of public finance
Veteran Chicago-based banker Elizabeth Coolidge is headed to UBS from PNC.
Michigan Gov. Snyder moves to slow tax breaks
The sales tax breaks on car trade-ins comes at too great a price for the state.
Wayne County, Mich., projects smaller surplus
The budget for the next fiscal year increases spending on public safety and a stalled jail project.
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Stringer: A responsible rise in NYC’s $89.96B FY18 budget
New York City’s $87.96 billion budget for fiscal 2018 shows “a responsible increase” of 2.8% from the adjusted 2017 budget, according to an analysis done by New York City Comptroller Scott Stringer.
NYC Ferry celebrates 1 million riders; 4th route to start in August
To celebrate, NYC Ferry is offering half price draft beverages on all ships equipped with concessions.
MTA must curb spiraling costs, says report
The Manhattan Institute's study comes amid a New York transit crisis and related political bickering
Pennsylvania has capacity to face fiscal challenges, says Fitch
The agency maintains its AA-minus rating on the commonwealth while awaiting a revenue package.
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IRS closes Florida jail bond audit after bonds converted to taxable
IRS agents are increasingly closing audits with no action if bonds are converted to taxable.
California governor signs cap-and-trade extension
The California Assembly voted to extend cap-and-trade to 2030 last week
Davis to head California Department of Water Resources
Grant Davis had been general manager of the Sonoma County Water Agency.
General obligation bonds
University of California retirement plan deemed a credit positive
Moody's cited a vote to raise employer contribution rates.
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How a Virginia city’s default thwarted bids for low-cost state financing
Buena Vista was denied access to state borrowing programs because the city failed to pay its golf course debt.
Georgia’s bankrupt Oconee Hospital to be sold for $12.2 million
A judge approved Navicent Health’s bid for the purchase of Oconee Regional Medical Center.
Bankruptcy judge OKs Westinghouse pact with Georgia’s nuclear plant owners
The agreement allows owners of two new reactors at Plant Vogtle to take over construction.
Federal mileage fee could pave way for deployment of self-driving vehicles
Per-mile road charge for autonomous vehicles seen as easier to implement than a higher gasoline tax.
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Oklahoma City OKs $85 million for convention center hotel
Oklahoma City will use revenue bonds backed by 10 funding sources to fund the project.
Round 2 set for school issue
Pauls Valley, Okla., school officials have now made it official — an early fall date awaits for another bond issue election.
Bond recommendation presented to Katy ISD board
On Monday, the Katy Independent School District, Texas's community bond advisory committee presented the Board of Trustees with their recommendation for a $609.2 million bond package.
Proposed $144 million Travis County road, parks bond takes shape
A Travis County citizens bond advisory committee on Tuesday recommended a $144 million bond package for the November ballot and $90 million in projects to be funded by bonds that don't require voter approval.
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