News and Information from Bond Buyer

A U.S. Supreme Court ruling that affirmed the existence of Indian reservations across the eastern half of the state will mean lost tax revenue, officials said.

With its credit ratings intact after the economic blow from the pandemic, Dallas will go to market with $293 million of bonds.

Sinking fund overfunding is the primary driver of these audits, with the IRS making sure the overfunding does not result in an arbitrage situation.

The federal funds rate target should remain at the zero lower bound until inflation reaches 2% and remains headed higher, Federal Reserve Bank of Chicago President Charles Evans said Monday.

A Washington utility's ratings will survive Boeing's decision to move 787 production to South Carolina, but local economy may not be so lucky.

The proposed combination of the major not-for-profit healthcare players in Illinois, Michigan, and Wisconsin encountered opposition in Michigan.

Delgado Altieri is polling essentially even with Pedro Pierluisi.

New York State’s first credit downgrade in 17 years is a warning that fiscal changes will be necessary to combat its coronavirus-induced budget crisis, according to observers.

There are plenty of taxable deals on the upcoming week’s new-issue calendar while several large deals from issuers in New York will be in the spotlight after Moody's downgrades.

Georgia's MEAG Power, Jacksonville, Florida, and its utility, JEA, received two-notch rating boosts from Moody’s after settling their federal lawsuit.

House Majority Leader Steny Hoyer, D-Md., told lawmakers to be prepared to return to Washington on 24 hours notice if a deal is reached.

Moody's followed S&P in issuing a shot across the bow on coronavirus-driven threats to Illinois' ratings that are one cut away from junk.

The Fixed Income Market Structure Advisory Committee will discuss the impacts of the pandemic on the muni market amid growing uncertainty.

Payrolls were added and the unemployment rate fell, but some observers saw negatives in the September employment report.

Some see promise in the endeavor while others are skeptical about Mayor Bill de Blasio's initiative.

For more than 80 years, soliciting investors has been recognized by federal securities regulators as broker-dealer activity, so the SEC’s action on municipal advisors breaks significant new ground. It also sets a dangerous precedent.

Bond analysts and budget watchdogs say the move underscores the need for the de Blasio administration to look within for efficiencies, even if it receives more federal or state help.

The rating agency lowered GO and other credits, citing the effects of the coronavirus.

Moody's cut NYC's $39 billion of outstanding GOs to Aa2 citing the effects of COVID-19 and also lowered the debt rating of New York State.

The Manhattan cultural organization's credit rating may not suffer after it cancelled its 2020-21 season because of employee cost savings from furloughs and contract adjustments, analysts said.