News and Information from Bond Buyer

New Jersey lawmakers want to complete sports gambling legalization to get new revenue for the state government and debt-ridden Atlantic City.

Transportation lobbyists and researchers discussing surface transportation finance during an Infrastructure Week webcast were unanimous in saying that Congress should lift the general prohibition on tolling interstate highways.

Seattle-based icons Amazon and Starbucks are among those criticizing the tax.

David Hitchcock, managing director at S&P Global Ratings, talks about codifying financial practices in bond covenants and the changes in approach to ratings in priority-lien tax revenue debt. He also looks at the latest state trends. John Hallacy hosts.

The district is promoting structural protections and fiscal gains as it prepares to go to market with a $260 million refunding.

If New York State legalizes marijuana, New York City could see as much as $336 million annually in new tax revenue.

With only Sen. Elizabeth Warren challenging their thoughts, Fed nominees Richard Clarida and Michelle Bowman are likely to win approval from the Senate Banking Committee.

While the Federal Open Market Committee will raise interest rates a total of three or four times this year, interest rates will remain low by historical standards.

The commonwealth expects to come to market Wednesday with a competitive issuance.

Bills that stripped territory from Stockbridge without apportioning its debt are credit negative for Georgia local governments and could impose higher borrowing costs.

Municipal bonds turned weaker on Tuesday as a wave of deals swept into the market.

The loss of advance refunding hurts community control and stymies local infrastructure investment.

Builders’ confidence in the market for new single-family homes grew again as the National Association of Home Builders' housing market index climbed to 70 in May from a downwardly revised 68 in April, first reported as 69.

Prices paid remain elevated, while business activity improved, the Empire State Manufacturing Survey, released Monday by the Federal Reserve Bank of New York, suggested.

Healthcare giant Catholic Health Initiatives now has a stable outlook on its Baa1 rating from Moody's Investors Service.

Ball State University's takeover of the troubled Muncie Schools will come as soon as July 1.

Raising its $15 million borrowing cap on local projects would smooth Minneapolis' borrowing process on more expensive projects.

The effort by bondholders to work together is seen as a "positive development," though their plan was quickly rejected by the government.

Using bond proceeds to fund a Jobs program would be illegal, says Barbara Parker, Oakland's city attorney.

A vote by California energy commissioners to require solar panels on new homes is credit negative for utilities, Moody's said.