News and Information from Bond Buyer

The Garden State's pension burden will remain a heavy credit weakness for the foreseeable future, according to S&P Global Ratings.

The MSRB said its proposals should be approved, despite objections from dealers and municipal advisors.

The timing of federal grants is an issue because that funding was used as a basis by the U.S. Transportation Department to authorize the use of tax-exempt PABs by the private owner for financing the proposed rail line between Miami and Orlando.

Gov. John Hickenlooper signed a $28.9 billion state budget.

Detroit's financial progress since its 2014 exit from Chapter 9 still leaves the city with debt, pension and economic development challenges.

Tax resources are about one-third higher than a decade ago, while pension actuarially determined contributions are up 74%, a Fitch report shows.

Tuesday opened with a positive tone in the municipal bond market with a forecast of heavy demand and strong technicals going into the reinvestment season.

Pittsburgh exited successfully from the Act 47 workout, but other communities hang around for decades.

Derek McNeil rejoins Siebert Cisneros Shank & Co.'s municipal finance division after a stint at Morgan Stanley.

Texas service sector activity “continued to increase in April, albeit at a slower pace than last month.”

Kurt Forsgren, managing director of S&P, discusses climate change, ESG, infrastructure approaches — especially tolling — and trade policy and what each means for a municipality’s rating. John Hallacy hosts.

The overall economy grew for the 108th straight time, the Institute for Supply Management reported Tuesday.

The treasury secretary said such a bill could pass within two months.

Munis were stronger Monday as bond buyers kept an eye on the Federal Reserve policy makers' meeting.

An expansion of “backdoor borrowing” in the new New York State budget raises transparency red flags, according to Comptroller Thomas DiNapoli.

New bill backlog management tools, spending caps, and revenue estimates are getting legislative attention as the budget remains up in the air

The MSRB will ask for market feedback on potential interpretive guidance related to a practice the board worries may impair market liquidity.

Hub airports and general aviation airports located in metropolitan areas missed out on the additional funding they were hoping for.

Monthly volume rose the highest in the year to date, as an increase in new-money deals partly offset a decline in refunding transactions.

The state's largest municipal advisor is sticking with the school districts and dropping charter clients, losing some top employees in the process.