News and Information from Bond Buyer

Federal aid and budget cuts could erase Texas's nearly $1 billion revenue shortfall, state Comptroller Glenn Hegar says.

Gov. Pedro Pierluisi says Francisco Rodríguez Dosal is experienced in the construction and infrastructure industry.

Rhode Island Housing and Mortgage Corp. is coming off its inaugural social bond issuance.

After a dramatic year of pandemic and a record bond proposal, Dallas ISD is taking bids on $274 million of bonds to upgrade schools.

Mary Kimura was one of 25 female attorneys promoted to partner globally.

The continued escalation of COVID-19 cases in California and the resulting economic volatility took precedence as Gavin Newsom unveiled his fiscal 2021 budget.

Illinois is asking state justices to resolve efforts to challenge $14 billion of outstanding general obligation bonds.

S&P said the upgrade reflected the stability and resiliency of pledge revenues while it also looked closely at environmental, social and governance factors.

The employment report showed 140,000 decline in nonfarm payrolls in December, but economists found some positives in the numbers.

Despite a fiscal blow, Oklahoma landed in a better position than many expected, the treasurer says.

The state will sell $182.2 million of highly rated general obligation bonds in three separate offerings.

Even with the November increase, General Fund Revenues collected from July to November were 5% below those of 2019.

A judge said that the lawsuit filed on behalf of California accusing major banks of colluding to inflate VRDO interest rates did not allege the means of the conspiracy.

While COVID-19 ravaged, state and local governments and their agencies sold record bond volume, propping up their budgets and the industry.

The new corporate tax incentive legislation includes an annual cap for a key component, in an effort not to repeat the mistakes of its predecessor program.

President-elect Joe Biden's cabinet picks include the governor and Boston Mayor Marty Walsh, the latter for Labor Secretary.

The tentative schedule includes $2.3 billion of new money and $4.6 billion of refundings and reofferings, state Comptroller Thomas DiNapoli said.

It was inevitable that muni yields would need to rise somewhat as the UST 10-year broke above 1%, however participants said the supply/demand imbalance will keep munis from rising as quickly as Treasuries. More than $1 billion inflows reported.

Budget woes await the state's lawmakers as they convene but Illinois' bonds are benefitting from a Blue Wave, vaccine distribution, and hunger for higher yielding credits.

Chao tweeted her resignation on Wednesday following violent turmoil in the U.S. Capitol.