News and Information from Bond Buyer

California revenues for February missed projections in the governor’s budget by 10.6%.

St. Louis-based Stern Brothers & Co. has hired longtime public finance banker and manager Linda Matkowski to serve as chief operating officer as the investment bank looks to put more teeth into its status as a woman-owned firm heading into its second century of business.

The Puerto Rico Oversight Board rejected Ricardo Rosselló’s 10-year fiscal plan on Thursday and gave him until 9 a.m. Saturday to present a revision.

The tax exempt bond office will be combined with the office of Indian tribal governments and headed by the ITG director.

The House Financial Services Committee and Senate Banking Committee both approved companion bills that would end a legal loophole that lawmakers allege allowed broker-dealers to defraud Puerto Rico investors have received committee approval and are now pending before the House and Senate.

The federal government ran a $192.0 billion deficit in February, the Treasury Department reported Friday.

Lawyers gathered at NABL’s Tax and Securities Law Institute on Friday said a carve out in the MSRB’s recent clarification on requiring CUSIPs for private placements would be beneficial to the market.

New Jersey tourism grew for a seventh straight year in 2016 generating a $44.1 billion economic impact to the Garden State, Lt. Gov. Kim Guadagno said.

For the first time in fiscal 2017, Georgia Gov. Nathan Deal said monthly state revenues declined in February with collections down by $70 million or 5.6% compared to February 2016.

In the face of local skepticism and open questions about infrastructure funding, streetcar advocates are promoting a 16-mile Brooklyn-Queens link.

New York City’s unemployment rate in January fell to 4.5% in January, the NYC Economic Development Corp. said, the lowest rate since 1976, when the New York State Department of Labor first started keeping track.

Top-shelf municipal bonds were steady at mid-session, traders said, ahead of next week's new issue calendar.

The municipal bond market took a break after a week of heavy new issuance to review another strong jobs report and look ahead to next week's meeting of the Federal Reserve.

U.S. inflationary pressures were up in February, as the U.S. future inflation gauge increased to 113.4 from a 113.0 reading in January, according to data released Friday morning by the Economic Cycle Research Institute.

Infrastructure needs direct federal funding, not tax breaks for private investments, U.S. Sen. Charles Schumer said in New York.

Mar. 10, 2017 Far West: Plain/Insured GO Yield Curve* State Ratings One-Year Five-Year 10-Year 30-Year Alaska Aa2/AA+/AA+ 0.88 1.92 2.91 3.73 California Aa3/AA-/AA- 0.83 1.83 2.81 3.57 Hawaii Aa1/AA+/AA 0.79 1.71 2.64 3.43 Idaho Aa1/AA+/AA+ 0.78 1.71 2.64 3.42 Montana Aa1/AA/AA+ 0.78 1.7 2.65 3.44 Nevada Aa2/AA/AA+ 0.81 1.74 2.66 3.47 Oregon Aa1/AA+/AA+ 0.8 1.66 2.54 3.35 Washington Aa1/AA+/AA+ 0.8 1.73 2.71 3.51 Wyoming NR/AAA/NR 0.78 1.67 2.56 3.33

3/9/2017 3/2/2017 State # Iss Amount ($000) # Iss Amount ($000) Chg in Amt ($000) Alaska 0 $0 1 $22,160 -$22,160 California 25 1,265,415 28 951,590 313,825 Hawaii 0 0 0 0 0 Idaho 0 0 0 0 0 Montana 0 0 0 0 0 Nevada 1 148,135 1 148,135 0 Oregon 0 0 1 202,530 -202,530 Washington 3 325,235 2 318,750 6,485 Wyoming 1 90,000 1 90,000 0

Tuesday, March 14 Issuer St Description Amount

Monday, March 13 Issuer St Description Amount

Week Of March 13 Issuer St Description Amount