News and Information from Bond Buyer

Guam's governor is upping his effort to issue short-term debt.

Trump's tax plan could hurt state and local finances and bond financings.

A PATH train extension to Newark's airport is moving ahead.

Municipal bond volume dropped 20.2% in April and finished under $30 billion for the third month in a row, as concerns about tax reform made issuers reluctant to hit the market.

Derailments at Penn Station are another example of New York's bedraggled transport infrastructure.

Illinois delays in grant payments to districts like CPS adds to its liquidity woes.

New York City has released preliminary guidelines for incorporating projected impacts from climate change into design process of city facilities, Mayor Bill de Blasio announced on Friday.

Municipal bonds were slightly weaker at midday, as traders look ahead to next week’s new issue calendar, which features big offerings from California, Kentucky and Wisconsin.

A member of Puerto Rico’s federal oversight board will give an update on the distressed island’s efforts to combat mounting debt during the May 3 Philadelphia Area Municipal Analysts Society meeting.

Connecticut's governor will meet with lawmakers in an effort to move the state budget forward.

The University of Michigan's final April consumer sentiment index reading was 97.0, compared to the preliminary April 98.0, and the final March 96.9, according to market sources.

Chicago's final pension fix passed the House but needs Republicans on board if the governor vetoes it.

The Chicago Business Barometer rose to 58.3 in April from 57.7 in March.

The municipal bond market is taking a breather on Friday since no major bond deals are scheduled to be priced in the primary.

The seasonally adjusted Milwaukee Report on Business declined to 57.87 in April from 61.77 in March, the Institute for Supply Management-Milwaukee reported Friday.

The Midwest Economy Index improved to 0.60 in March from 0.28 in February, the Federal Reserve Bank of Chicago said Friday.

The Cleveland City Council signed off on its committment to help fund Cavs' arena upgrades.

In the week ended April 27, the weekly average yield to maturity of the Bond Buyer Municipal Bond Index rose four basis points to 4.19% from 4.15% the previous week. The BB40 Index is based on the price of 40 long-term bonds.

The FBI raided offices of a major contractor on Texas border projects and shut down city and county offices in Laredo.

Louisiana will pre pay revenue anticipation notes due to a pick-up in revenue collections.