News and Information from Bond Buyer

The majority of school districts seeking to override Wisconsin-imposed property tax caps on operating revenue won, Moody’s Investors Service said.

The Iowa Fertilizer Co. LLC’s successful receipt of bondholder waivers and completion of a tender exchange for $150 million of the original nearly $1.2 billion deal eases pressures on the struggling project without eliminating them.

Top-quality municipal bonds ended stronger on Monday, according to traders, as the market saw the first of the week’s big deals priced for retail investors, led by a large offering from the Big Apple.

Political risks are the darkest cloud dimming the transportation sector’s stable outlook for 2017, Fitch said.

The Internal Revenue Service is auditing $55 million of general obligation limited tax water reclamation bonds that were issued in 2007 by the Clark County, Nev. Water Reclamation District.

North Carolina Gov. Pat McCrory called on lawmakers to hold a special session Dec. 13 to address Hurricane Matthew relief efforts. On Monday, he conceded to losing his reelection bid after challenging some balloting results.

One rate hike will put the United States near the Federal Reserve Bank of St. Louis' standard recommended value through 2019, Federal Reserve Bank of St. Louis President James Bullard said Monday.

The University of Chicago Harris School of Public Policy named former Chicago chief financial officer Lois Scott as the inaugural chair of the advisory board that oversees its expanding Center for Municipal Finance.

While Congress and the Treasury Department have put a framework in place for Puerto Rico’s recovery, the key challenge ahead is whether they will be able to work together on health care and tax initiatives to spur economic growth in the commonwealth, said Kent Hiteshew, director of the Treasury’s Office of State and Local Finance.

The Maine Revenue Forecasting Committee expects the state to finish the 2017 fiscal year $34.2 million in the black.

With revenues running lower than expected in 2016, the Texas Legislature will keep a tighter grip on spending despite increasing demands for growth-related funding in the session that begins next month.

Top-quality municipal bonds were unchanged at mid-session, according to traders, as the market began to see the first of the week's big deals price for retail investors, led by a large offering from the Big Apple.

Tender rates for the Treasury Department's latest 91-day and 182-day discount bills were mixed, as the three-months incurred a 0.490% high rate, unchanged from 0.490% the prior week, and the six-months incurred a 0.615% high rate, up from 0.610% the week before.

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

Amid rising yields and budget strife, Pennsylvania intends to competitively sell $613 million of general obligation bonds.

The Federal Reserve's Labor Market Conditions Index, a compilation of 19 labor market measures, rose to 1.5 in November from 1.4 in October.

Indicator Last Report Forecast Actual ISM Non-Manufacturing PMI Oct.: 54.8 Nov.: 55.4 Nov.: 57.2

The Conference Board's Employment Trends Index (ETI) grew to 129.96 in November from a downwardly revised 128.95 in October, and is up 2.7% from a year ago, the group announced Monday.

The U.S. services sector climbed in November as the non-manufacturing business activity composite index was 57.2 in the month, compared to 54.8 in September, on a seasonally adjusted basis, the Institute for Supply Management reported Monday.