News and Information from Bond Buyer

The region's manufacturing sector expanded in May, but at a faster pace than in April, as the general business conditions index increased to 38.8 from 22.0 in April, this month's Federal Reserve Bank of Philadelphia Report on Business indicates.

Lumesis, Inc. has announced the launch of a new platform for municipal issuers and those serving them, including dissemination agents, bond counsel and municipal advisors.

House committee Democrats introduce a bill to provide more than $85 billion for drinking water, renewable energy, health care and broadband infrastructure.

A bill reintroduced by Sens Mark Warner and Roy Blunt

Municipal bonds rallied along with Treasuries on Monday as stocks swooned on growing political unrest in Washington and the District of Columbia sold over $550 million of general obligation bonds.

Frustration over subway logjams and breakdowns surfaced at a New York City Council budget meeting.

S&P joined Moody's and Fitch in downgrading Connecticut.

MAs will soon be subject to continuing education requirements following SEC approval of MSRB proposal.

Florida unveiled a new website Wednesday to improve transparency for bondholders and market experts.

Oregon's net general fund revenues are now projected to be up $371 million from the March forecast.

Trump’s infrastructure task force will reveal principles of the renewal proposal soon, Chao said.

Philadelphia seeks lost property tax revenue from Wells Fargo in a lawsuit alleging discriminatory lending.

The merger of two Twin Cities area not-for-profit hospital systems is expected to close June 1.

Three individuals and one issuer were awarded for contributions to the municipal market and NFMA.

Puerto Rico’s debt reorganization hearings began with a decision by Judge Laura Taylor Swain to consolidate administration of two existing filings affecting about $30 billion of bonds.

Public power agencies in Georgia and South Carolina face headwinds from the Westinghouse bankruptcy.

Municipal bonds were substantially stronger along with Treasuries as stock swooned on growing political unrest in Washington, D.C. Meanwhile, the District of Columbia hit the primary market with over $500 million of general obligation bonds.

S&P Global Ratings has revised the outlook on Nassau County, N.Y.'s general obligation (GO) debt to stable from negative.

The Ramapo, N.Y., case highlights the importance of outside scrutiny of municipalities’ revenue generation - and other indicators of fiscal health - early and often in the life cycle of a bond issuance.

State pension changes cleared an Illinois House committee Tuesday but their fate is uncertain.