News and Information from Bond Buyer

Mayor-elect Lori Lightfoot opted not to try to block votes on controversial subsidies that could top $2 billion for two economic development projects.

The number of states aiding school districts with pension costs is expected to grow as pension burdens escalate.

Peter Block addresses the latest trends, developments, and expectations for the municipal market in 2019 and beyond in The Bond Buyer’s latest podcast with the managing director of credit and strategy at Ramirez & Co. John Hallacy and Christine Albano host.

Retail investors got first shot at California’s $2 billion GO deal Wednesday.

The muni market has been slow to embrace SOFR but the existing Libor benchmark is set to cease publication in 2022.

Lori Lightfoot picked Jeffrey Bethke to help address the city's pension and budget demands when she takes the helm next month.

Assured Guaranty indicated it is interested in reaching a deal on PREPA bonds rather than continuing its quest for a PREPA receiver.

Cleveland Clinic will be pricing $930 million of bonds and roughly half of the structure will be variable rate debt that the clinic hopes will lower its costs.

Among the beneficiaries is a bond-financed bus line in Portland, Oregon.

A fourth audit in two months fuels the perception that the IRS has launched an enforcement initiative involving the island territory.

Virginia and Florida and other states are responding to complaints about using tolls to pay for costly road improvements.

The City Council called on de Blasio to increase reserves in the $92.2 billion budget by $250 million.

More liquidity, lower costs, and the need for audit trails are accelerating changes in muni bond trading.

Underwriters circulated a premarketing wire on California’s $2 billion GOs as the NYC water authority deal came to market.

Siamac Afshar has joined HJ Sims Philadelphia office as vice president of investment banking.

PREPA says it needs federal money to complete the work of rebuilding the commonwealth’s electrical grid following the destruction caused by Hurricanes Maria and Irma, but the Trump administration has been slow to disburse funds already approved by Congress.

Advocates are pressing for more than a pork-filled package, with reforms and sustainable funding sources, too.

Seth Magaziner's strategies mingle school construction borrowing and debt-management sessions with victims compensation, college savings and a small-business program.

The proposed 2020 budget has $139 million for the payment of debt.

Ramirez & Co. makes additions in big markets of Texas and New York.