News and Information from Bond Buyer

Issuers say the Treasury's intent was to open up COVID-19 funds for public safety costs.

GASB has announced that the requirement for the use of GASB 87 standard for lease accounting has been pushed back to fiscal years beginning June 15, 2021.

Most of the state revenue loss came from $599 million in lower-than-estimated state sales tax collections, which support 79% of Florida’s budget.

With the latest federal rescue package stalled, New York's mayor has asked state lawmakers to authorize an additional $7 billion in bonding.

An injunction was issued against U.S. Immigration and Customs Enforcement, which could impact a prison's facility's revenue bonds.

The think tank bestows its highest honor for leadership in the New York metropolitan region to the American Triple I Partners chairman and former HUD secretary.

The board anticipates a $22 billion cumulative deficit through fiscal 2049.

Colorado will continue its highway building with $500 million of certificates of participation, as it weathers its deepest downturn in years.

Credit concern is being lost somewhat in pricing munis and traders said they are looking for alternative benchmarks, even turning to corporates and U.S. Treasuries to price the market.

The $40 billion budget for fiscal 2021 authorizes up to $5 billion of borrowing through the Federal Reserve’s Municipal Liquidity Facility.

GFOA considers a minimum baseline level of reserves to be 16%.

Although up from the worst levels, indicators are not signalling recovery.

With postponing expenditures and the rainy-day fund withdrawal, the state still forecasts a yearend surplus.

Philip Plotch of St. Peter's University discusses his book, "Last Subway," about the decades-long tussle to complete the New York megaproject. Paul Burton hosts.

Without federal funding, many toll facilities will be forced to comply with bond covenant requirements, which could mean reductions in workforces and delays in capital projects, toll groups said.

The primary supply for the holiday-shortened week is projected to dip to just over $4 billion, with a mix of tax-exempt and taxable issuance led by Colorado’s $500 million of certificates of participation.

Red tape and the need for more funding has slowed the process, according to the NLC.

Moody's Investors Service cut the Catholic college in New Jersey to Baa1 citing its rising debt burden.

The Fourth Circuit Court of Appeals found the state improperly valued CSX's land.

The Fed says it has more ammunition; experts define what those bullets are.