News and Information from Bond Buyer

Garden State revenues increased in November based on recently enacted tax increases, but analysts say a sustained fiscal rebound hinges on progress confronting the COVID-19 pandemic.

Washington Bureau Chief Kyle Glazier discusses what is in store for munis in 2021, how the SEC and MSRB will function under a Biden administration and what Janet Yellen in the Treasury seat might mean. (12 minutes)

With its revised framework, it will take more than rising inflation for the Federal Reserve to raise rates.

They cite coalition building, learning from past mistakes, project planning and effective outreach during the pandemic.

The negative outlooks tie to the possibility of more constrained financial resilience in the future, according to Fitch Ratings analysts.

While mass transit needs federal help, here's a call for the state, city and authority to go long and wide with new approaches.

The muni market headed into holiday hibernation on the last full trading day of the week.

With the November jobs report showing a decline in employment, and the coronavirus raging, economists debate the state of the commonwealth's economy heading into the new year.

Thirty-five states reported general fund collections for fiscal 2020 from came in lower than original budget projections.

Jobless claims decreased in the latest week, while new home sales fell 11%.

The firm violated municipal advertising and fair dealing rules, the SEC found.

The budget included reduced capital improvement and GO issuance plans over the biennium.

Daniel Rivera will leave Lawrence City Hall to run the state's finance and development wing.

Florida's triple-A ratings face an ongoing vulnerability because of the fiscal and economic impacts of COVID-19, its annual debt report warns.

Fitch Ratings upgraded bonds supporting the Maryland light-rail transit project after the sides reached an agreement that protects bondholders.

Taxable munis have posted the highest returns among all fixed-income indexes this year, BofA said.

The resurgence of the coronavirus led to a larger than expected drop in consumer confidence.

The coronavirus pandemic, budgetary strains, civil unrest, and stay-at-home mandates have dramatically altered the landscape for our nation’s cities. This multi-platform series from The Bond Buyer examines this in four parts, each segment focusing on a different aspect of how life in and the finances of America’s cities could be altered.

Fitch Ratings said Tuesday the $900 billion “will help stabilize state and local budgets in fiscal 2021 even if it does not include direct aid to most governments.”

The Legislature approved $800 million for the state's emergency fund.