News and Information from Bond Buyer

In their state of the state addresses, the two governors discussed bringing in more revenues.

The California Assembly budget committee discussed Gov. Gavin Newsom's more pressing budget requests during a Monday hearing.

Muni to U.S. Treasury ratios hover near the lowest point in a decade and analysts see little impetus for munis to catch up in the near term.

Ambac says that PROMESA is against the Constitution's call for uniform bankruptcy codes.

In a speech short on specifics, Ducey said tax cuts would help stimulate the economy.

Monday’s vote was the start of the process of allowing lawmakers to work on the approximately $12 billion state budget in a conference committee.

The city has suffered tax and economic blows from COVID-19 but has weathered the impacts with adjustments to its roughly $1 billion budget.

A compendium of changes at municipal finance firms in 2021.

Despite the coronavirus pandemic, Tennessee state revenue collections last month were about $156 million more than the budget estimate.

Dealers said the pandemic has highlighted the challenges of outdated rules and the need to modernize them.

Hempstead, N.Y., Supervisor Donald X. Clavin Jr., talks about the town’s receipt of $133 million of CARES Act federal funding and the subsequent credit rating upgrade by Moody’s during the COVID-19 pandemic. He speaks about how the town’s conservative budgeting helps bolster its financial position during tough economic times. Andrew Coen hosts (24 minutes).

A new policy framework supports “enhanced bond financing incentives that can be used to improve water quality and reduce other environmental stressors.”

The Muni New Issue Upload Form was created to expand access to additional deal participants and streamline the submission process for the forward calendar.

Federal Reserve Gov. Lael Brainard said regulators are seeking to "understand the potential benefits and risks" from utilizing artificial intelligence in the financial services sector.

The little-known lieutenant governor is in line to succeed Gov. Gina Raimondo, who President-elect Joe Biden nominated to be secretary of commerce.

The companies said the new offering combines ICE Data Services’ expertise in municipal bond pricing and reference data alongside ADP’s aggregated, anonymized and timely HR and compensation data.

The pair will further the law firm's governance structure, said chairman Mark Ruehlmann.

Municipals were little changed Monday as participants await the larger new-issue calendar while equities and U.S. Treasuries react to news out of Washington and COVID-19 ravages the globe.

As issuance rose in 2020, so did municipal bond insurance usage, with $34.167 billion wrapped, or 7.5% insured total issuance from almost 5.7% in 2019.

CommonSpirt would shed some hospitals — mostly smaller critical access ones — under a letter of intent with the Minnesota-based system.