News and Information from Bond Buyer

In the week ended June 2, the weekly average yield to maturity of the Bond Buyer Municipal Bond Index was unchanged at 3.90% from the previous week.

Presidential candidate and Sen. Bernie Sanders, I-Vt., has vowed to introduce an alternative bill to one pending before the House that CBO says would cost the territory $370 million over ten years.

Former California Treasurer Bill Lockyer has been hired to help Industry, Calif. come up with a plan to deal with accounting irregularities.

Dowling College (Dowling) rated Ca negative, announced that it will cease operations as of June 3,

Chicago’s general obligation rating will remain on shaky ground until its resolves the looming insolvency of its laborers’ and municipal employees pension funds, S&P Global Ratings warned.

St. Louis’ issuer default and Municipal Finance Corp. ratings took a three notch tumble over negative trends and Fitch Ratings application of new criteria in assessing tax-supported debt.

The Securities and Exchange Commission and Miami have each asked a federal judge in Florida to rule in their favor before a trial can be held over the SEC’s fraud charges against the city and a former city official.

New Jersey voter approval of gaming expansion could lead to as many as four casino closures in Atlantic City, but the proposed referendum faces an uphill battle, according to Fitch Ratings.

A government-appointed commission is suggesting that much of Puerto Rico’s debt may have been sold illegally.

Florida Gov. Rick Scott declared the small city of Opa-locka to be in a financial emergency late Wednesday, authorizing the state to take control of the city’s finances and debts.

Top-shelf municipal bonds ended steady to stronger on Thursday, according to traders, as the last of this holiday-shortened week’s supply came to market.

With housing costs soaring as demand exceeds supply, California Treasurer John Chiang is trying to put billions of dollars in unused private activity bond authority to work to build affordable housing.

Senate Finance Committee chair Orrin Hatch, R-Utah, is concerned some private nonprofit museums may be exploiting their tax-exempt status and not providing enough public benefits.

South Carolina Legislature approves transportation funding bill backed by $2.3 billion of road revenue bonds.

New York City Comptroller Scott Stringer and California State Controller Betty Yee are urging public pension funds to embrace board-diversity practices inclusive of LGBT interests.

Warren Evans, County Executive of Wayne County, Michigan, plans to use proceeds of the county’s wastewater treatment center on pension debt.

Top-shelf municipal bonds were steady to stronger at mid-session, according to traders, as the last of this holiday-shortened week's supply was coming to market.

A $4 billion redevelopment of New York City’s LaGuardia Airport was cleared for takeoff Wednesday with financing lined up and a 34-year lease signed to support what is being touted as one of the largest public-private partnership transportation projects in U.S. history.

The Treasury Department said it will auction $12 billion 29-year 11-month 2-1/2% bonds on June 9.

The Treasury Department said it will auction $20 billion 9-year 11-month 1 5/8% notes on June 8.