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Reforms of Michigan’s emergency manager law were among the policy changes recommended in a report by a special state legislative committee formed to examine the Flint water crisis.

Government

The Los Angeles school board refused to renew three charters for a charter school system with outstanding bonds that has faced financial problems and questions about connections to Turkey’s coup.

Chicago heads into the market next week with nearly $1.1 billion of O’Hare International Airport paper -- one of the city’s more digestible revenue-backed credits generally insulated from the city’s pension and budget ills.

Top shelf municipal bonds were unchanged for most maturities, traders said, as new volume continued to pour into the primary market.

Oregon has inaugurated the use of a new state program managed by the Oregon Department of Education that offers a dollar-to-dollar match of up to $4 million to districts whose voters approve local bonds.

Two groups submit acceptable financial plans for Virginia’s $2 billion P3 plan to expand I-66.

Most districts saw modest or moderate expansion, while New York reported no change, according to the Beige Book, release by the Federal Reserve on Wednesday.

Big-ticket transit plans are riding on the outcome of ballots cast in densely populated Wake County, N.C., and Atlanta in November, where voters are being asked to increase sales taxes to fund those plans.

A few larger deals from issuers in New Jersey and Pennsylvania hit screens, as more deals are expected to flow in, in what will be a busy day for market participants.

Underperforming pension systems and limited state flexibility are pressuring Massachusetts municipalities, said S&P.

Indiana’s Citizens Energy Group heads into the market with a $49 million refunding of natural gas utility bonds bolstered by an upgrade from S&P Global Ratings.

Indicator Last Report Forecast Actual Housing Starts Aug.: 1.150M Sept.: 1.175M Sept.: 1.047M Building Permits Aug.: 1.152M Sept.: 1.164M Sept.: 1.225M

Construction resumed on a minor-league baseball stadium in Hartford, Conn., after city officials finalized an agreement for surety provider Arch Insurance to finish the project.

After a busy day with a handful of deals over $500 million pricing, the primary will see yet another influx of issuance Wednesday; with six schedule deals ranging from $300 million to $1 billion expected to hit screens.

This week we cover two quite different topics, starting with the most recent FEMA data regarding Hurricane Matthew. Then, in an attempt to move us beyond the "Sex, Lies and Audiotape" conversation that is occupying the minds of many Americans, we take a closer look at the importance of exports, employment and wages on the economy.

State budget troubles provided the backdrop as Connecticut sold $650 million in general obligation bonds and GO green bonds.

Wednesday, October 19 Issuer St Description Amount