News and Information from Bond Buyer

In unofficial election results, four Virginia cities appear to have won approval to open the state's first casinos; a dozen bond referendums won tentative approval.

The state's voters weighed in on a shrunken slate of school bond measures, a split-roll property tax, and a bond measure to fund stem cell research.

Both the ADP employment report and the ISM services PMI came in below estimates, suggesting weakness in the recovery.

A nonbinding referendum on U.S. statehood was leading with more than 52% support, with more than 95% of votes counted, the Associated Press reported.

After leaving Assured Guaranty in 2011, Randy Gerardes is now back with the firm.

The Hampton Roads Bridge-Tunnel expansion is a "tailor-made" stimulus that will help offset the pandemic-spurred downturn, infrastructure experts say.

Their wins brighten the future of municipal bond-friendly initiatives in Congress.

The public finance industry would gain from the reinstatement of tax-exempt advance refunding and other muni-friendly measures under a Democratic sweep of the White House and both chambers of Congress.

As is usually the case, the largest bond deals appear headed for victory, although this year's tally seems to be slower than normal, given the COVID-19 pandemic.

Mark Nitcholas will will focus on local and state governments, state agencies and school districts within Texas and the Southwest.

The only major deal slated on the calendar, the Maine Turnpike Authority, came to market on Tuesday.

With continuing weakness in oil fields, restaurants and stores due to the pandemic, Texas saw sales tax collections fall 3.5% year-over-year.

A federal judge largely rejected the arguments offered by Wall Street banks seeking to dismiss the lawsuit, which alleges a conspiracy to fix rates in the VRDO market.

The economy will bounce back and stimulus will be provided no matter who is in charge, R.J. Gallo says.

Traffic is recovering at the Illinois State Toll Highway Authority, which is planning $600 million of new borrowing for its 2021 capital plan.

Oregon-based Wonderful Foundations purchases charter school buildings to lease them back to schools at a stable rent.

Michael Roth, managing partner at Next Street, talks with Chip Barnett about how Black and Brown businesses are doing during the coronavirus pandemic. He looks at what our industry can do to help, from capital delivery to investment; beyond the usual solutions so small businesses and entrepreneurs in communities of color can succeed in an inclusive economy. (22 minutes) For more on this topic, see: Arizent's 'Access Denied' podcast series.

Public finance made up just 3% of total standalone enforcement cases.

The move would not resolve structural budget gaps, according to the rating agency.

The fate of the state budget and ratings may depend on the progressive income tax ballot measure. Midwest voters also face $2.3 billion of bond measures Tuesday.