News and Information from Bond Buyer

GFOA members also will elect five new members-at-large.

The positive side is the bipartisan legislation for reinstatement introduced by 10 House lawmakers last week has a high possibility of being included in any infrastructure legislation that passes that chamber.

Issuers are concerned that the Municipal Securities Rulemaking Board reopening discussion of Rule G-23 could bring back "shady" practices.

GFOA members said they were taken aback and in some cases upset about the tone of the National Federation of Municipal Analysts' letter to regulators.

The governor's preliminary proposal relies on $17.8 billion of borrowing over six years.

With Memorial Day and the unofficial start to the summer approaching, the municipal bond market continues to dance to the same old song.

The orchestra received a first-time A rating from S&P Global Ratings ahead of its bond sale next week.

An IRS opinion that the existing bonds are tax-exempt is key to the exchange offer.

Municipal bond industry groups have been clamoring for advance refundings to be reintroduced as well as an expansion of PABs and direct-pay bonds.

During the Great Recession, interest rates hit zero lower bound, which caused the Fed to make unprecedented moves, or quantitative easing, to spur the economy.

The Municipal Forum of New York presented awards to four people at its annual fund-raising dinner on Thursday night in Manhattan. Money raised at the dinner is used to support the Urban Leadership Fellows internship program.

The Securities and Exchange Commission is on the lookout for municipal advisors skirting the Series 50 Exam.

Amid the gadgets on display at the Smart Cities NYC conference, some local and regional officials spoke more pragmatically about making tech work.

The Municipal Forum of New York presented awards to four people at its annual fund-raising dinner on Thursday night in Manhattan. Money raised at the dinner is used to support the Urban Leadership Fellows internship program.

Allen Park's competitive bond sale came after the city's general obligation rating was raised to A-plus from BBB-plus by S&P Global Ratings.

By reducing debt service expenses with advance refundings, issuers were able to free up borrowing capacity for new investments.

The weekly average yield to maturity of The Bond Buyer Municipal Bond Index, which is based on 40 long-term bond prices, dropped to 3.75% from 3.78% the week before.

The federation endorsed the plan only after Gov. J.B. Pritzker dropped plans for a partial pension funding holiday.

Some municipal market observes hope the mayor's run won't take attention away from the city's $92.5 billion budget.

Attention in the municipal market turned to the short-term sector on Thursday.