News and Information from Bond Buyer

1/18/2017 1/11/2017 State Iss Amount ($000s) Iss Amount ($000s) Chg in Amt ($000s) Alabama 6 $137,055 7 $143,370 -6,315 Florida 10 241,710 7 290,185 -48,475 Georgia 5 523,665 3 112,645 411,020 Kentucky 3 82,070 7 122,820 -40,750 Louisiana 1 42,235 2 128,460 -86,225 Mississippi 2 266,220 1 223,630 42,590 North Carolina 1 25,000 1 25,000 0 South Carolina 5 227,955 3 71,220 156,735 Tennessee 3 469,970 1 457,250 12,720 Virginia 3 485,815 2 450,815 35,000 West Virginia 0 0 0 0 0

Thursday, January 19 Issuer St Description Amount

Thursday, January 19 Issuer St Description Amount

Week Of January 17 Issuer St Description Amount

CALIFORNIA

CALIFORNIA

The Puerto Rico Oversight Board told Puerto Rico Gov. Ricardo Rosselló to make $4.5 billion of spending cuts and revenue increases annually as part a five-year fiscal plan.

Government

The Municipal Securities Rulemaking Board will focus on strategic planning and will discuss continuing education for municipal advisors as well as continuing disclosure during its quarterly board meeting here next week.

With $9 billion of transportation projects awaiting funding, Colorado Gov. John Hickenlooper is joining legislative leaders in supporting a $3.5 billion bond program for shovel-ready projects.

Tennessee Gov. Bill Haslam rolled out legislation Wednesday that would cut taxes and increase transportation funding for the first time in 28 years.

The New York City Council approved a bill that requires the watchdog Independent Budget Office to review city-issued economic development tax breaks.

Top-shelf municipal bonds ended weaker on Wednesday, according to traders, as a few more big sales hit the market from issuers in Colorado, Georgia and California.

The Internal Revenue Service has published a new revenue procedure updating management contract safe harbors to address certain types of compensation, the timing of the payment of compensation, the treatment of land, and the methods of approval of rates.

A federal court handed a victory to holders of Puerto Rico Employment Retirement System bonds Tuesday, one of bondholders’ first legal victories since Puerto Rico started defaulting about a year ago.

California Gov. Jerry Brown’s budget proposal for the 2018 fiscal year supports the state's credit quality as it recognizes the need to curtail spending in light of an anticipated slowdown in revenue growth, S&P Global said.

Missouri needs to cut $700 million in spending through the next 18 months to keep its books balanced, Gov. Eric Greitens warned this week.

While she isn't able to predict when rates will be raised again or how high they will go, Federal Reserve Board Chair Janet L. Yellen, suggested a "few" increases each year until the fed funds rate target nears 3% by the end of 2019.

VP-elect Mike Pence promises new Trump administration will propose an infrastructure bill that would fund large projects.

Dougherty & Co. and its former employee Jeffrey Hill have agreed to $140,000 and $5,000 fines, respectively, to separately settle with the Financial Industry Regulatory Authority over charges that Hill recommended and initiated numerous unsuitable trades for two elderly customers.