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Puerto Rico’s government has located about $2 billion in funds that it may use to cover essential services.

The University of Illinois is preparing to refund $116 million while highlighting for investors what it describes as diverse revenues and growing enrollment that have lessened the strains of coping with the state’s budget mess.

The already junk-rated bonds of a P3 highway project in Indiana received a downgrade from another rating agency as payment disputes among contractors reached a new level.

A Brookings Institution study claiming professional sports stadiums built or renovated with tax-exempt bonds during the last 16 years have cost the federal government $3.7 billion has drawn some criticism from a sports consultant and municipal market participants.

The New York City Council’s Finance Committee held a public hearing at City Hall on Wednesday to hear comments about creating a new business improvement district in Queens called the Greater JFK BID.

The Chicago City Council signed off Wednesday on up to $3.5 billion of O’Hare International Airport borrowing and a new water/sewer tax to help rescue the city’s largest pension fund from looming insolvency.

The Port of Seattle has unveiled the final design for a $636 million bond-funded airport renovation and expansion.

Hawaii received a second upgrade from a major rating agency ahead of plans to issue $757 million in general obligation bonds as Moody’s Investors Service upgraded the state’s GO bonds to Aa1.

Top-quality municipal bonds finished mixed on Wednesday, traders said, as two big New York issues came to market. Goldman Sachs priced the New York Metropolitan Transportation Authority's $1.06 billion Hudson Rail Yards deal while Ramirez & Co. priced the New York City Transitional Finance Authority's $800 million sale.

Atlantic City is close to violating one of the terms in a $73 million state loan agreement and is asking for a reprieve.

The Securities and Exchange Commission has approved proposed rule changes from the Municipal Securities Rulemaking Board that would authorize the board to provide three-year old trade data for academic studies that would identify dealers in some way without naming them.

As traffic congestion increased, more and more motorists see tolls and mileage charges as funding solutions.

Moody's Investors Service said it has upgraded Yankee Stadium LLC's rating to Baa1 from Baa2, affecting about $1.2 billion of rated debt outstanding.

In a first-of-a-kind verdict, a Miami jury found on Wednesday that Miami and its former budget director, Michael Boudreaux, were guilty of securities fraud for faulty disclosures in connection with three 2009 municipal bond offerings.