News and Information from Bond Buyer

The New York State Financial Control Board on Wednesday said that New York City’s finances are in good shape and that the city’s doesn’t need a resumption of state control.

Joan Florence Wilson, a municipal bond veteran of over 25 years, died at the University of Vermont Medical Center in Burlington on Saturday. She was 63.

The Puerto Rico Oversight Board on Friday may institute mandatory government furloughs opposed by Gov. Ricardo Rosselló.

Municipal bonds finished mixed in secondary trading Wednesday, while a big North Carolina bond deal priced Massachusetts sold several large note offerings in the primary.

Increased state aid can stabilize Indiana schools' credit for a couple of years, but benefits will ultimately be offset by higher costs, S&P says.

FBI’s Washington headquarters is literally falling apart and a new facility is needed, agency says.

After recovering from severe drought and raising rates, debt levels may rise for Texas water utilities, while their credit should remain stable, according to Fitch Ratings.

Chicago’s rising pension costs and other budgetary pressures cast a wide shadow over big gains the city has made in whittling down its structural budget.

Pontiac and Lincoln Park, two Michigan cities, gain control over their internal operations and finances.

Action got started right away on Wednesday, as the big North Carolina bond deal priced early on Wednesday, while muni yields are unchanged to slightly lower.

After issuing $4.2 billion of bonds to finance two new nuclear reactors, Santee Cooper said the project was no longer affordable.

General John F. Kelly’s arrival as the Chief of Staff at the White House is hopefully a harbinger of more positive action.

Davenport's Lucy Hooper will become MSRB chair and Goldman's Arthur MIller will continue as vice chair for fiscal 2018, the board said in announcing new officers and members.

The big North Carolina bond deal priced early on Wednesday while traders are set to see the large Massachusetts note offerings go out for the bid later in the day.

Treasury Secretary Steve Mnuchin has until Sept. 18 to complete his department’s review.

To make sure Puerto Rico’s government only spends on what it believes to be necessary, it has instituted a 5% spending freeze on its departments.

Top-rated municipal bonds ended mixed on Tuesday, according to traders, as the first of the week’s big deals came to market, led by the Bay Area Toll Authority’s $1.4 billion deal.

Illinois Gov. Bruce Rauner reshaped a school funding bill Tuesday, cutting CPS' piece of the pie.

The Puerto Rico Oversight Board recommended shifting federal funding to an earned income tax credit from welfare programs on the island.

Public finance guru Richard Ravitch analyzes the New York region’s transit crisis and compares it with the problems he faced when he oversaw the MTA in the late 1970s. Hosted by Paul Burton.