News and Information from Bond Buyer

FINRA said Philip Fluegge violated its rules when he sold shares in municipal fund securities.

City officials said consolidating the boards will improve governance and result in stronger fund performance.

Moody's dropped its outlook on Franciscan Alliance's Aa3 rating to negative from stable.

Municipal bonds have traditionally received short shrift in college finance courses.

The council is exploring legislation to collect around $492 million in delinquent real estate taxes that could aid the city’s school district.

The state government's rising debt burden underscores the need for overhauls to the state’s borrowing rules, according to State Comptroller Thomas DiNapoli.

The municipal bond market saw Empire State Development sell almost $2 billion of bonds in five competitive offerings on Thursday as the market focused on tax changes being worked on in Washington.

The Treasury Department said Thursday it will auction $45 billion 91-day bills and $39 billion 182-day discount bills Monday.

Tim Blake of Moody’s Investors Service talks with The Bond Buyer about why the level of pension funding is now linked to the ratings of state and localities and shares the firm’s views on the financial realities many municipalities face today. John Hallacy is host.

The municipal bond market will see two mega-deals hit the screens on Thursday, representing both the negotiated and competitive sectors.

After several years of sluggish revenue growth, U.S. states enacted cautious budgets for fiscal 2018, according the National Association of State Budget Officers.

Republicans, however, are still negotiating the PAB provisions and have been considering eliminating the ability of issuers to carry forward for up to three years any of their unused allocations of PABs, as well as scrapping some smaller categories.

Creditors clashed in court with bond issuers over claims on revenues for the Employee Retirement System.

Liz Muoio would become just the second woman to hold the office.

A state panel designated the Muncie district as a distressed political subdivision.

The authority, which runs New York City's subways and buses, faces uncertainty about external funding and its bonding options.

Municipal bond yields fell by as much as seven basis points as the Federal Reserve raised interest rates as expected and market participants eyed tax reform talks in Washington.

St. Louis is moving closer to borrowing to help finance upgrades the arena that hosts the Blues hockey team.

A gradual path of rate increases is likely to remain warranted, Federal Reserve Board Chair Janet Yellen reiterated Wednesday, noting that she is “personally concerned” about U.S. debt level.

Embezzlement charges at the Alabama agency will not impact bond payments, general manager says.