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San Juan launches legal challenge to the Puerto Rico GDB deal
San Juan’s government claims the GDB's restructuring gives bondholders a "windfall" using resources that belong to Puerto Rico's municipalities.
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.
See all Caribbean regional news
Illinois RTA readies refunding post state budget passage
The RTA is facing state funding cuts but the new Illinois budget at least provides more funding certainty.
Primary bond market
City Council approves Detroit land agreement for Gordie Howe bridge
Detroit will sell 36 city-owned parcels of land for the Gordie Howe bridge project.
Illinois leaders renew quarrel over school funding
Gov. Bruce Rauner has called the bill a “bailout” for Chicago Public Schools and plans to use his amendatory veto powers to cut funding in half.
Illinois sends out Medicaid payments
Illinois made $740 million in Medicaid-related payments this week.
See All Midwest Regional News
Pennsylvania Senate approves spending plan
The plan features tax increases and $1.3 billion of new borrowing.
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
See All Northeast Regional News
Orange County, Calif., toll road agencies overcome recession potholes
The Toll Roads of Orange County, Calif., won credit upgrades after beating revenue forecasts.
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
See All Far West Regional News
Florida train opponents urge feds to scrutinize loan request
All Aboard Florida foes urged USDOT to use “extreme caution” reviewing a loan for the train project.
Private activity bonds
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.
See All Southeast Regional News
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.
See All Southwest Regional News
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