News and Information from Bond Buyer

Stringer sent a letter to Mayor de Blasio on Monday calling on the city to fully fund the indirect cost rate (ICR) initiative.

Moody's Investors Service says the appellate court decision could impede the state government's flexibility in dealing with coronavirus-driven budget woes.

Minority and women-owned business enterprises will now comprise 33% of city GO bond and Transitional Finance Authority book-runners and 40% for New York Water.

Municipals rallied Friday, with yields dropping by as much as one basis point on the long end.

Despite "progress" in getting people back to work, economists say the coronavirus pandemic creates downside risks to recovery.

The gap between the two sides includes state and local aid, with the administration offering to agree to $200 billion while the HEROES Act favored by Democrats would provide $915 billion.

The California Supreme Court ruled July 25 in a pension spiking case with ramifications for the state's ironclad pension legal doctrine.

Newly hired Long Island Power Authority CFO Tamela Monroe has arrived during a busy period for the public utility as it plans aggressive infrastructure goals while grappling with financial challenges posed by coronavirus.

The coronavirus is adding to strains bearing down on the city that serves as home to Southern Illinois University's flagship campus.

Without commenting on the legal merits laid out so far in the case, an appellate court panel concluded the lawsuit met the threshold to proceed as a taxpayer action.

In a special session that starts Monday, the Tennessee General Assembly will decide whether to offer limited liability protection from coronavirus claims from employees.

Munis rallied all along the curve Thursday, with long end yields down by as much as four basis points.

The board re-elected Sisk as MSRB chair amid the pandemic and an ongoing search for a new CEO.

Brown convened the special session for budget talks, but also anticipated talk on policy items, like police reform.

Changes to the MSRB come a year after the proposal of legislation that would decrease the size of the board and increase the cooling off period for public board members.

Initial jobless claims were lower after two weeks of increases, suggesting the trend may be downward again.

Money managers say investors should be cautious, monitor credits, both high-yield and high-grade, and keep an eye out for taxable issuance.

'How long, and how deep this will be?' Taxables, election, low-interest rates — how do these issues affect our market? Sylvia Yeh of Goldman Sachs Asset Management talks to Lynne Funk, innovation market editor (25 min)

This despite being 3.1% ahead of the oversight board’s May 27 projection.

Republican opponents of New Jersey Gov. Phil Murphy’s proposal to borrow up to $9.9 billion for offsetting COVID-19-related revenue losses argued before the state’s highest court Wednesday the state’s constitution and past legal precedent should prevent the plan from proceeding.