News and Information from Bond Buyer

Gov. J.B. Pritzker’s “bridge” budget would reduce the state's immediate pension contributions, and assumes voters will approve income tax changes in 2020.

Lawmakers are weighing legislation that would authorize $100 million of special purpose revenue bonds to build and operate the plant.

The demand component of the municipal bond market is continuing to drive firm prices,

The audit includes $121.5 million in Series 2011 T direct-pay qualified zone academy bonds and four Series 2011 R taxable of school construction bonds that totaled $ 756.4 million.

Michael Decker has been managing director and co-head of municipal securities at SIFMA since October 2009.

The tax cap, and a voter ID measure, are unconstitutional because the state legislature is illegally racially gerrymandered, a Wake County judge ruled.

The region's municipal bond industry insiders saw a silver lining in a 21% increase for new money volume.

Municipals remained strong on Monday as a Wisconsin school district sold GOs in the primary market.

As Albany enters the budget homestretch, debate over congestion pricing and other measures to bolster mass transit in the New York City region is intensifying.

Texas factory activity growth, as measured by the production index, “continued to expand in February,” but at a slower pace than in January.

Intel Corp. is this week’s top headline act in the municipal bond primary market as issuers in Arizona and Oregon prepare to sell $650 million of industrial and economic development revenue bonds.

The Chicago Fed National Activity Index for January fell to negative 0.43 from a downwardly revised positive 0.05 in December.

Note issuance declined in 2018 as a result of tax reform, rate fears, and ongoing fiscal austerity sparked by state and local revenue growth.

Municipal bond insurance may have finished 2018 down 18.1% from where it was the year before, but it outpaced the 23.5% volume dip the overall industry saw due to changes in tax legislation.

Development was down 50.4%, healthcare was off by 42.7%, and electric power declined 40.1%. The slides compared with an overall decline of 23.5% in total issuance.

Following a late-2017 rush to market of advance refundings and private-activity bonds in the run-up to the implementation of new tax legislation, supply in 2018 -- particularly refunding issuance -- suffered a steep decline.

IHS Markit Ipreo forecasts weekly bond volume will increase to $4.9 billion.

Maureen Stapleton is credited with diversifying the San Diego County Water Authority's water supply.

The latest reversal of Puerto Rico's Title III bankruptcy court again draws attention to PROMESA's failure to meet its goals of restoring fiscal responsibility and capital market access for Puerto Rico.

Tim Walz wants to raise the gasoline tax to support new spending and borrowing for transportation.