News and Information from Bond Buyer

York, Pa., and its police union saved nearly $10 million in projected pension costs and helped improve the stability of its pension fund, said Pennsylvania Auditor General Eugene DePasquale.

Top-shelf municipal bonds ended mixed on Tuesday, according to traders, as the first of the week’s larger new deals started to roll in, topped by a big sale from the Port Authority of New York and New Jersey.

State tax revenues are experiencing slow growth, a trend that’s expected to continue in the near future due to weak sales tax and income tax collections, according to the Nelson A. Rockefeller Institute of Government.

The Municipal Securities Rulemaking Board wants to amend several of its rules to both create a municipal advisor client complaint process as well as update and streamline its current requirements related to dealer customer complaints.

The Midwest’s voters will decide on an array of bond and tax questions requesting new funding for schools, infrastructure, transit, and highway projects and fill key leadership roles.

Ballard Spahr has been named national law firm of the year for public finance by U.S. News & World Report.

A proposal to raise the Oklahoma sales tax by one cent would give teachers a raise if voters approve. The Sooner State ranks 49th among states in teacher pay, according to recent studies.

In observance of Veterans Day, Mischler Financial Group has made a financial pledge to three organizations which go above and beyond the call of duty in their support of U.S. military veterans and their families and their local communities.

The Nassau County legislature approved a $2.9 billion budget Monday that leaves a $77 million revenue hole for the large New York State municipality.

Competition for tertiary care and declining admissions at Opelousas General Health System in Louisiana led S&P Global Ratings to lower the hospital’s bonds below investment grade.

Pennsylvania Treasurer Timothy Reese launched a $100 million initiative that he said would provide a competitive rate of return while supporting affordable housing.

Researchers say mileage-based road fee is best solution to transportation funding but motorists disagree.

Top-shelf municipal bonds were weaker at midday, according to traders, as the first of the week's larger new deals started to roll in, topped by a big sale from the Port Authority of New York and New Jersey.

The Treasury Department Tuesday auctioned $55 billion of four-week bills at a 0.240% high yield, a price of 99.981333.

New York earned a second straight D-plus for procurement spending on minority and women-owned businesses, said city Comptroller Scott Stringer.

Texas service sector activity "increased in October albeit at a slightly slower pace than in September," according to business executives responding to the Federal Reserve Bank of Dallas' Texas Service Sector Outlook Survey, as the revenue index slipped to 9.9 from 13.0.

The only two things that Presidential candidates seem to agree on are that their opponent is a puppet of Russian President Vladimir Putin and that the U.S. must make significant investments in our crumbling infrastructure.

Indicator Last Report Forecast Actual Construction Spending Aug.: -0.5% Sept.: +0.5% Sept.: -0.4% ISM Manufacturing PMI Sept.: 51.5 Oct.: 51.7 Oct.: 51.9

The overall economy grew for the eighty-ninth straight time, while the manufacturing sector expanded for the second consecutive month, the Institute for Supply Management reported Tuesday.

The week's estimated $9.1 billion of issuance will start to roll in on Tuesday, as three of the four largest deals are expected to price.