News and Information from Bond Buyer

Mayor Eric Papenfuse said he will declare a fiscal crisis for Pennsylvania's capital after state lawmakers would not let the city exit distressed status while keeping its special taxing authority.

Bank of America Merrill Lynch has revised its forecast for yearly municipal bond volume down to $365 billion.

The $500 million settlement with 330 sex-abuse victims must still be approved by a judge.

Texas factory activity growth, as measured by the production index, “continued in June, albeit at a slower pace than in May,” according to the monthly Texas Manufacturing Outlook Survey conducted by the Federal Reserve Bank of Dallas, released Monday.

The legislature OK'd a bonding framework for an $83 million baseball stadium in Pawtucket as the team weighs a move to Worcester, Massachusetts.

Gov. Phil Murphy and state lawmakers enter the home stretch of a July 1 budget deadline far apart on a spending plan and tax increased needed to combat a steep deficit.

The Chicago Fed National Activity Index for May decreased to negative 0.15 from an upwardly revised positive 0.42 in April.

Senate president threatens lawsuits against anticipated Oversight Board labor policy and budget.

Muni analysts doubt that either major-party candidate for governor has the solutions to Illinois' many fiscal problems.

Municipal buyers expect the city of Los Angeles to hit the market running as it plans to competitively sell almost $1.9 billion of notes and bonds.

With the need for Congressional action lessened, governors and state legislatures can focus on fine tuning their own laws, officials said.

The SEC contends it played fairly in prosecuting its case against Wells Fargo Securities and Peter Cannava, denying the defense's allegations of dishonest "legal gamesmanship."

The condition of Florida’s economy and finances led Moody's to upgrade the state to Aaa.

Bill Walker signed the bill to pay off $1 billion in tax credits saying it would save the state government money.

Municipal buyers will see a $5.3 billion new issue calendar next week, with the biggest deals coming out of Los Angeles.

State lawmakers are in extra innings over a Pawtucket baseball stadium bond package as the team threatens a move.

Project finance attorney Roddy Devlin explores public-private partnerships, design-build and his recent move to Nixon Peabody. Paul Burton hosts.

The legislature faces a June 30 deadline for making labor law changes or the Oversight Board will impose a previously certified plan that includes reductions in employee benefits.

The weekly average yield to maturity of The Bond Buyer Municipal Bond Index, which is based on 40 long-term bond prices, fell to 3.99% from 4.00% the week before.

Cash flow pressures drove a downgrade of Stockton University as the New Jersey public college prepares to open an Atlantic City campus.