News and Information from Bond Buyer

The new mayor and council will take office after a bond issue resolves a longstanding back-pay lawsuit that the departing mayor once said threatened bankruptcy.

The new amendments to be filed to the Securities and Exchange Commission will give disclosure responsibility to the lead underwriter, meaning less duplicative disclosure for issuers.

School districts dominate the list of 64 issuers seeking $11.2 billion of debt authority.

The P3 market is growing and state and local governments are taking note.

Municipal market participants across the country are confronting climate change head-on. The stakes are high for all concerned.

Inflation took a step back, according to the Federal Reserve’s favorite indicator, while income edged up in March, ahead of this week’s Federal Open Market Committee meeting, suggesting the Fed will be able to remain patient on rates.

New York Mayor Bill de Blasio won praise for cost-cutting but drew criticism for failing to go far enough in preparing for an economic downturn.

The municipal bond industry veteran, formerly of PNC and Janney, will head municipal strategy and credit at Hilltop.

The Bond Buyer's Northeast Regional Editor Paul Burton speaks to CBC President Andrew Rein about the NYC Fiscal 2020 executive budget.

The board says it will file law suits seeking to claw back funds from bondholders before the end of Thursday, May 2.

The one-time cash infusion would go toward the unfunded liability of the Teachers' Retirement Fund ‘96 — the defined benefit plan for teachers hired after June 30, 1995.

Municipal bond buyers will be seeing more than $5 billion of supply headed into the market.

The Miami-Dade County Expressway Authority’s bond rating is being pressured by pending legislation usurping the agency’s power, Moody's says.

The next five weeks will determine the fate of first-year governor J.B. Pritzker's proposals for the fiscally troubled state.

The University of Maine’s discounts on out-of-state tuition have changed its student population and officials foresee a post-graduation payoff for the state.

The Muni Forum of N.Y. is presenting awards to industry leaders at its 30th annual awards dinner on May 16.

In the week ended April 25, the weekly average yield to maturity of the Bond Buyer Municipal Bond Index, which is based on 40 long-term bond prices, fell to 3.87% from 3.89% the previous week.

The funding and design-build contracts signed Thursday will advance the state’s largest-ever transportation project.

Municipal bond buyers saw the last of the week’s new issues come to market on Thursday with action dominated by several large California water issuers.

A watchdog organization says New York City would fare better with a rainy day fund instead of its current reserve mechanisms.