News and Information from Bond Buyer

Government

California Gov. Jerry Brown signs bill that would require school districts to consider county assessors' property valuations in projections on property tax base growth before issuing general obligation bonds.

Two California state lawmakers released a proposal they say would generate $7.4 billion annually for transportation, with $2.5 billion going directly to cities and counties.

Dealers will have 10 calendar days to close out failed inter-dealer transactions now that the Securities and Exchange Commission has approved the Municipal Securities Rulemaking Board's amendments to one of its rules.

Paterson, N.J.'s increased preliminary property tax levy of $149.2 million is a credit positive for New Jersey's third-largest city because it eliminates the threat of major immediate cash shortfalls, according to Moody's Investors Service.

Cash-strapped Louisiana faces huge expenses as a result of the three days of torrential rains that flooded the southern part of the state, state budget chief Jay Dardenne told a legislative panel Thursday.

A California state appeals court ruling may open the window for governments to change the future benefits of existing employees.

Municipal volume is set to jump higher in the coming week, boosted by competitive deals.

Municipal issuers are blasting the National Federation of Municipal Analysts' suggestion that Congress give the Securities and Exchange Commission new authority to regulate issuers' disclosures, calling it overly burdensome and ineffective.

State gasoline tax collections climb as more Americans hit the road, giving states additional borrowing capacity.

The federal Bureau of Prisons' phase out of private prisons has only a small effect on the municipal bond-financed private lockup sector, leaving bond-financed immigration detention centers untouched.

Disappointing public pension investment fund returns released recently by Maryland and Virginia may be representative of a more nationwide trend, pension experts warned.

July employment statistics in Puerto Rico were mixed.

Northeast issuers sold $57.4 billion of municipal bonds in the first half of 2016, a 3% increase from the first six months of 2015, according to Thomson Reuters data.

Top shelf municipal bonds were steady at mid-session, according to traders, ahead of next week's hefty supply.

Municipal bond traders are taking a break on Friday as they get ready for the weekend and look ahead to next week's beefy new issue slate.

Monday, August 22 Issuer St Description Amount

Monday, August 22 Issuer St Description Amount

Week Of August 22 Issuer St Description Amount

Friday, August 19 Issuer St Description Amount