News and Information from Bond Buyer

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.

Total municipal CUSIP requests fell in July after three months of increases, according to CUSIP Global Services.

Illinois in the spring cut its fiscal 2020 and 2021 revenue estimates by more than $7 billion due to the pandemic.

Oklahoma returned to a positive trend in tax receipts in July, but Treasurer Randy McDaniel cautions that troublesome signs remain.

Number of jobs added falls well below projections, while the non-manufacturing sector report wasn't a boon to employment either.

Sources say compromises on top line issues like unemployment insurance spells a higher likelihood for a COVID-19 relief bill to pass and more aid to state and local governments.

The fund will invest at least 80% of its net assets in municipal green bonds from issuers including states, cities, municipal water and sewer enterprises, transportation systems, universities, and hospitals, and others.

Small businesses make up 98% of businesses in the city, and its coffers have taken a huge hit during the pandemic.

Failure to aid one could hurt the others, according to the state comptroller's review of the city's financial plan.

The Florida Department of Transportation continues litigation in an attempt to terminate the Miami-Dade County Expressway Authority.

The two board members with the deepest knowledge of municipal debt have said they will depart.

Ahead of the state's $1.2 billion sale next week, S&P revised its outlook on the AAA rated state to negative

With help from federal stimulus funding and online sales, Texas sales tax revenues turned positive in July. However, other tax revenues have fallen significantly.

Benefits may aid island's economy and reduce pressure on island's local and territory-wide governments to pay for welfare benefits.

Municipal yields fell as much as three basis points on the long end of the AAA curves.

The Illinois Public Pension Fund Association says POBs could offer a potential fix for some but some market participants urge caution due to POBs' perils.

The Democratic governor has requested changes to a municipal bonding bill that would have empowered local governments to borrow for offsetting revenue losses from the COVID-19 pandemic.

With many states facing more coronavirus cases, experts are split on what the report will show.

Dealers are not seeing demand and are therefore not trading inventory this summer, sources say.

Eve Lando tells the story of Thornburg Investment strategy in the time of COVID while raising a family in quarantine.