News and Information from Bond Buyer

Seven municipal bond groups are urging the Municipal Securities Rulemaking Board to improve the accessibility and usefulness of its Electronic Municipal Market Access (EMMA) platform for market participants.

Government

New York State debt is projected to decline for a fifth straight year at the end of the current budget cycle, Gov. Andrew Cuomo touted in his new spending plan proposal.

Puerto Rico Gov. Ricardo Rosselló rejected the Oversight Board’s demands for quick and deep austerity measures.

Top-shelf municipal bonds were a tad stronger to close out the slow day Monday, as yields on some maturities were as much as one basis point lower, according to traders.

California John Chiang took aim at Trump Administration climate policies as he revealed the results of a five-city listening tour aimed at crafting the best way for the state to issue green bonds.

New York’s Metropolitan Transportation Authority expects to issue more environmental green bonds in 2017, a finance official told board members.

A Northern California healthcare district that closed its only hospital with $57 million of certificates of participation outstanding is sorting out its obligations in bankruptcy court.

The Securities and Exchange Commission is asking a federal court judge to deny former Miami budget director Michael Boudreaux’s motion to vacate a verdict that found him guilty of securities fraud, saying the former official’s arguments are meritless and do not meet the high burden required for such action.

After R.J. Reynolds sold four cigarette brands to ITG Brands, Florida Attorney General Pam Bondi sued the companies saying they have refused to comply with terms of the state’s 1997 tobacco settlement deal.

Moody’s Investors Service late Friday revised its outlook to stable from negative on the Catholic Archdiocese of Chicago.

The Securities and Exchange Commission has filed fraud charges and obtained an emergency asset freeze against a South Carolina businessman who allegedly siphoned funds raised from municipal bond investors that were meant to purchase or renovate senior housing facilities.

Arlington Memorial Bridge was closed to vehicles during inaugural weekend to prevent further damage to the historic span.

Stephen Reed, Harrisburg, Pa., mayor from 1982 to 2009, pleaded guilty to stealing city-purchased artifacts.

Top-shelf municipal bonds were slightly stronger around midday, as yields on some maturities were as much as one basis point lower according to traders.

Texas Legislature is beginning the unpopular task of cutting spending for some programs amid weaker revenues.

Tender rates for the Treasury Department's latest 91-day and 182-day discount bills were lower, as the three-months incurred a 0.505% high rate, down from 0.530% the prior week, and the six-months incurred a 0.600% high rate, off from 0.605% the week before.

The Treasury Department said Monday it will sell $45 billion of four-week discount bills Tuesday.

Top-shelf municipal bonds were steady, as the market is expected to be slow on Monday, as the first of the week's institutional issuance is not scheduled to start hitting screens until Tuesday.