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No single individual played a more critical role in defending the authority of cities, counties, and states to issue state and municipal debt.
June 21
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As we await the final shoe to drop with regard to the SEC's MCDC initiative, the municipal market may be at a turning point in terms of disclosure.
June 21
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The municipal bond market is set to see the first of $8.16 billion in new issue volume come to market on Tuesday. Traders will be watching muni yields, which have been moving off recent historic lows.
June 21
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Bond Buyer Northeast regional editor Paul Burton, markets reporter Aaron Weitzman and Northeast regional reporter Andrew Coen examine the hot-button problem of public pension liability, including the lingering Illinois shadow, the New Jersey Supreme Court ruling, union pushback and Pennsylvania's bill to switch new employees to 401(k)-style plans.
June 21 -
Jun. 21, 2016 Southwest: Plain/Insured GO Yield Curve* State Ratings One-Year Five-Year 10-Year 30-Year Arizona Aa3/AA+/NR 0.63 1.07 1.65 2.38 Arkansas Aa1/AA/NR 0.59 0.99 1.52 2.23 Colorado Aa1/AA/NR 0.6 1.05 1.61 2.34 Kansas Aa2/AA/NR 0.6 1.04 1.61 2.32 New Mexico Aaa/AA+/NR 0.6 0.99 1.53 2.26 Oklahoma Aa2/AA+/AA+ 0.6 1.05 1.63 2.36 Texas Aaa/AAA/AAA 0.61 1.01 1.56 2.23 Utah Aaa/AAA/AAA 0.58 0.93 1.42 2.13
June 21 -
6/20/2016 6/13/2016 State Amount ($000s) Iss Amount ($000s) Chg in Amt ($000s) Arizona 5 $141,800 4 $119,580 $22,220 Arkansas 0 0 5 17,450 -17,450 Colorado 5 410,025 0 0 410,025 Kansas 11 89,685 8 37,995 51,690 New Mexico 2 122,305 2 29,565 92,740 Oklahoma 1 34,810 7 81,930 -47,120 Texas 48 1,609,866 38 880,222 729,644 Utah 5 118,960 3 171,620 -52,660
June 21 -
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Inflation-adjusted state spending and revenues for fiscal year 2016 are estimated to reach levels not seen since before the Great Recession, according to a study from the National Association of State Budget Officers released Tuesday.
June 21
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The Metropolitan Transportation Authoritys Finance Committee on Monday gave its approval to send a bond offering to the MTA board for a final vote on Wednesday.
June 20 -
- Iowa
Iowa will return to the market twice this month after a six-year absence to snag refunding savings.
June 20
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The Internal Revenue Service may soon revoke the tax-exempt status of a Georgia housing corporation that for three consecutive years failed to file information returns on a $7.81 million bond issuance in 2013.
June 20 - Pennsylvania
A new sugar-sweetened beverage tax approved by the Philadelphia City Council last week will have little impact on city finances, according to Janney Capital Markets.
June 20
- Texas
With dozens of oil and gas company bankruptcies, energy producing states face a growing backlog of abandoned wells as revenue to fix the problems dwindles.
June 20
- Illinois
Cook County, even paying the yield penalty most Illinois issuers face, landed $57 million in present value savings on a $285 million refunding in its first GO deal for more than two years..
June 20
