News and Information from Bond Buyer

Government

Puerto Rico Gov. Ricardo Rosselló proposed new labor laws to improve the commonwealth’s employment and economy.

New York State would invest a record $2 billion to enhance water infrastructure under a proposal announced by Gov. Andrew Cuomo Monday.

Municipal retirement systems will be required to report on their unfunded pension and retiree health care costs annually under legislation signed by Michigan Gov. Rick Snyder.

Top-rated municipal bonds finished a tick stronger on Tuesday, according to traders, as the first big deals of the week came to market.

State and local groups told members of Congress that tax-exempt bonds are the cornerstone of infrastructure financing, as the lawmakers consider how to increase spending on roads and bridges as well as tax reforms that could entail restrictions on tax exemption.

Financial advisor Montague DeRose & Associates has merged with Annette Yee & Company.

San Francisco voters will be asked to approve a $350 million bond to repair its fragile seawall, which experts believe needs a multi-billion dollar investment.

Chicago is conducting a full court press with investors this week to promote a $1.16 billion general obligation bond sale.

A bipartisan trio of lawmakers wants to fund infrastructure with revenues from international tax reform.

The Treasury Department Tuesday auctioned $24 billion of three-year notes with a 1 3/8% coupon at a 1.472% high yield, a price of 99.716805.

Top-rated municipal bonds were slightly stronger at mid-session, according to traders, as the first big deals of the week came to market.

The Port Authority of New York and New Jersey has agreed to admit wrongdoing and pay a $400,000 penalty to settle Securities and Exchange Commission charges that it failed to disclose risks associated with New Jersey road projects to the investors that bought the bonds to finance them.

A federal judge denied a request by two Florida counties for additional documents about public financing for the All Aboard Florida private passenger train project, moving their lawsuits closer to a ruling on dismissal.

The Treasury Department Tuesday auctioned $45 billion of four-week bills at a 0.500% high yield, a price of 99.961111.

Indicator Last Report Forecast Actual Wholesale Inventories Oct.: -0.1% Nov.: +0.9% Nov.: +1.0% Wholesale Sales Oct.: +1.1% Nov.: +0.5% Nov.: +0.4%

The Massachusetts Bay Transportation Authority's fiscal oversight board approved a five-year, $28 million warehouse privatization contract with Management Consulting Inc.

The New York City Department of Housing Preservation and Development is looking for qualified groups to form a community land trust.

For the fifth straight year, Oklahoma lawmakers will begin the budget process with lower revenues than the previous year as the state's energy slump continues.

New York State Comptroller Tom DiNapoli discusses taking over New York's finances in midst of the Great Recession, the health of the state's pension fund and whether he has goals to run for higher elected office.Hosting this podcast is northeast regional reporter Andrew Coen.