News and Information from Bond Buyer

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The de Blasio administration released the New York City Mayor’s Management Report on Monday that detailed performance by city agencies in Fiscal Year 2016.

Government

Chicago Public Schools closed on $325 million of short-term borrowing earlier this month and plans a $150 million draw next month from new credit lines to manage its precarious liquidity.

Rafael Hernández Montañez, a leading Puerto Rican legislator, called for the ouster of Carlos García from the Puerto Rico Oversight Board.

Top-rated municipal bonds finished mixed on Monday, traders said, as the large Texas Water Board deal was priced for retail investors.

Voter-approved bonds are providing loan money to support the creation of affordable rental homes for San Francisco’s low-income and homeless families and seniors.

Stark Municipal Brokers and Performance Trust Capital Partners have agreed to pay a combined $25,000 over reporting violations uncovered by the Financial Industry Regulatory Authority and a former chief executive officer of an Atlanta-based securities company has agreed to be barred from the market in a FINRA action that involves alleged securities fraud.

Green municipal bond issuance increased by almost half in 2015, with water infrastructure making up the biggest chunk of the bond sales, according to a new report.

New York State’s smaller sports arenas could benefit most from new professional mixed martial arts bouts set to debut in the Empire State, according to a stadium financing expert.

A state appeals court ruling allowing Nassau County, N.Y.’s fiscal control board to keep a three-year wage freeze for county employees is a credit positive for the large Long Island government, according to Moody’s Investors Service.

Federal budget gridlock could freeze state highway aid at fiscal 2016 levels until after the presidential election.

Caught in a severe fiscal crisis after energy prices collapsed, Oklahoma is offering $181 million of revenue bonds to keep its highway construction program moving.

Top-rated municipal bonds were mixed at mid-session, traders said, as the large Texas Water Board deal was priced for retail investors.

One of the winners of last year’s “Back to Basics" scholarship contest, sponsored by Fixed Income Academy and The Bond Buyer, is putting his knowledge and experience to work in the real world of municipal finance.

Tender rates for the Treasury Department's latest 91-day and 182-day discount bills were lower, as the three-months incurred a 0.305% high rate, down from 0.375% the prior week, and the six-months incurred a 0.500% high rate, off from 0.540% the week before.

The Treasury Department said Monday it will sell $35 billion of four-week discount bills Tuesday.

Indicator Last Report Forecast Actual NAHB Housing Index Aug.: 59 Sept.: 60 Sept.: 65

Builders' confidence in the market for new single-family homes was higher as the National Association of Home Builders' housing market index rose to 65 in September from a downwardly revised 59 in August.