News and Information from Bond Buyer

Tuesday, May 17 Issuer St Description Amount

Monday, May 16 Issuer St Description Amount

ARIZONA

Day Indicator Last Report Forecast Monday Empire State Manufacturing April: 9.56 May: 6.50 Monday NAHB Housing Index April: 58 May: 59 Tuesday CPI March: +0.1% April: +0.3% Tuesday CPI Core March: +0.1% April: +0.2% Tuesday Housing Starts March: 1.089M April: 1.125M Tuesday Building Permits March: 1.086M April: 1.130M Tuesday Industrial Production March: -0.6% April: +0.3% Tuesday Capacity Utilization March: 74.8% April: 75.0% Thursday Initial Jobless Claims 5/7: 294,000 5/14: 275,000 Thursday Continuing Claims 4/30: 2.161M 5/7: 2.163M Thursday Philly Fed Manufacturing April: -1.6 May: +3.5 Thursday Leading Indicators March: +0.2% April: +0.4% Friday Existing Home Sales March: 5.33M April: 5.40M

May. 16, 2016 Northeast: Plain/Insured GO Yield Curve* State Ratings One-Year Five-Year 10-Year 30-Year Connecticut Aa3/AA/AA 0.7 1.31 2.08 2.95 Delaware Aaa/AAA/AAA 0.56 0.92 1.52 2.42 Maine Aa2/AA/AA 0.58 0.98 1.64 2.56 Maryland Aaa/AAA/AAA 0.56 0.94 1.57 2.44 Massachusetts Aa1/AA+/AA+ 0.58 1 1.66 2.57 New Hampshire Aa1/AA/AA+ 0.58 0.97 1.58 2.53 New Jersey A2/A/A 0.91 1.75 2.49 3.31 New York Aa1/AA+/AA+ 0.56 0.93 1.6 2.6 Pennsylvania Aa3/AA+/AA+ 0.71 1.43 2.14 3.01 Rhode Island Aa2/AA/AA 0.61 1.12 1.86 2.79 Vermont Aaa/AA+/AAA 0.56 0.94 1.56 2.45 Dist. of Columbia Aa1/AA/AA 0.59 1.03 1.7 2.63 Puerto Rico Caa3/CC/CC 30.56 16.88 12.04 8.89

5/13/2016 5/6/2016 State # Iss Amount ($000s) # Iss Amount ($000s) Chg in Amt ($000s) Connecticut 2 $27,445 3 $28,848 -$1,403 Delaware 0 0 1 12,480 -12,480 Maine 0 0 3 64,134 -64,134 Maryland 2 183,630 0 0 183,630 Massachusetts 1 5,171 4 166,467 -161,296 New Hampshire 1 23,635 0 0 23,635 New Jersey 6 62,219 14 463,079 -400,860 New York 20 4,271,050 18 327,440 3,943,610 Pennsylvania 12 247,555 10 177,150 70,405 Rhode Island 1 18,405 1 25,000 -6,595 Vermont 1 27,900 0 0 27,900 District of Columbia 0 0 0 0 0 Puerto Rico 1 750,000 1 750,000 0

Government

The Government Finance Officers Association is seeking a new senior associate to engage in legislative and regulatory advocacy as part of the group’s federal liaison center here.

Mandated cost increased and an inability to raise revenue are hampering the Philadelphia School District with persistent budget deficits, according to a new audit from Pennsylvania Auditor General Eugene DePasquale.

California Gov. Jerry Brown released a revised state budget proposal that he said would fund core programs while paying down debt, saving money and holding the line on new obligations.

New York City, NYC, Bill de Blasio, Dean Fuleihan, Fiscal 2017, Executive Budget, H+H, Health and Hospitals, Debt Service

Photos from the Municipal Forum of New York’s 27th annual Awards and Urban Leadership Fellows Fundraising Dinner the Marriott Marquis in Times Square Thursday, May 12, 2016.

Allegations of securities violations against Calvin Grigsby should be dismissed, an Illinois hearing officer recommended in a case that stemmed from his firm Grigsby & Associates advising a state agency to invest in a bank that later failed.

Top-shelf municipal bonds finished mixed on Friday, according to traders, ahead of the ahead of the biggest weekly supply calendar of the year. Long-term muni yields fell to a third straight record low.

Proposed changes to California's drought regulations would likely result in higher sales and better financial performance for water issuers in fiscal 2017, according to Fitch Ratings.

Illinois lawmakers head into the homestretch of their regular session with growing anticipation for the results of two bipartisan budget working groups trying to reach agreements and break an almost 11-month-old budget impasse.

East Cleveland, Ohio's pursuit of Chapter 9 bankruptcy shouldn't hurt the city's school district, Moody's Investors Service says.

German Pellets Texas LLC and Texas Pellets Inc. filed petitions for Chapter 11 reorganization last month with $184.7 million of tax-exempt industrial development bonds outstanding.

The Texas Supreme Court upheld the constitutionality of the state’s school finance system, ending four years of litigation over unequal funding.

Puerto Rico will need help from Washington to maintain future market access and avoid a descent into "third-world" economic conditions, municipal bond fund managers said.