News and Information from Bond Buyer

The tax hike should provide new recurring revenue that restores structural balance after years of weak reserve levels, according to S&P Global Ratings.

The plan would have the state issue $10 billion of pension obligation bonds to create annual budget savings to fund road repairs.

Former Hilltop Securities bankers Chris Allen and Gabriella Briceno have joined RBC Capital Markets in Houston where they will seek to grow RBC's financial advisory business.

The municipal bond market on Tuesday was treated to variety of new issues.

A simple majority was enough to pass the two tax measures, a San Francisco Superior Court judge ruled.

The role of SLGS has been significantly diminished by the termination of advance refundings on Jan. 1, 2018, under the Tax Cuts and Jobs Act, with the amount of SLGS outstanding declining more than 49%.

Allison Herren Lee is short on direct municipal market experience, but has a well-rounded background as a securities lawyer.

Illinois is the only state that has not yet published its fiscal 2018 comprehensive annual financial report and officials don't have an estimated release date.

Luna works in the Nashville, Tennessee, office focusing on state and local government relations and commercial litigation.

With the economy strong, Federal Reserve Bank of Philadelphia President Patrick Harker said interest rates should be held for now.

The Massachusetts Port Authority expects to price $461 million of revenue bonds through a negotiated sale primarily to accommodate growth at New England's largest airport.

Complaints that the SALT deduction only benefits the wealthy ignore its positive effects on school district finances.

Garden State Initiative founder Regina Egea, a chief of staff under former Gov. Chris Christie, explores pressing fiscal challenges facing New Jersey. Hosted by Andrew Coen.

The board says more than $1.7 billion in revenue is at stake in fiscal years through 2024.

Just under $7 billion of new-issue supply is on tap in the municipal primary market this week.

Mayor Lori Lightfoot tapped aviation finance chief Reshma Soni for comptroller and elevated debt manager Jack Brofman to deputy CFO.

Fitch Ratings on Monday assigned a BBB rating to $264 million of private activity bonds to fund an extension to Virginia’s 95 Express Lanes.

The U.S. Energy Information Administration estimates there are 990,000 electric vehicles on the road this year and that number will grow to 1.5 million next year and 2.17 million in 2021.

The market will look for clues about monetary policy when Fed Chair Jerome Powell testifies before Congressional panels this week.

Consumers see inflation rising 2.7% in the next three years and expect the Fed to cut rates, according to the Federal Reserve Bank of New York’s June Survey of Consumer Expectations.