News and Information from Bond Buyer

Week Of February 16 Issuer St Description Amount

CONNECTICUT

ALABAMA

Illinois Gov. Bruce Rauner introduced his fiscal 2017 spending plan by asking the legislature's Democratic majorities to support at least some of his policy proposals or give him sweeping powers to balance the state's books.

Government

Municipal bond traders saw the first of the week's new issue supply hit the market on Wednesday, led by retail pricings of issuers from New York and Oregon, as well as institutional pricings from issuers in Florida, Nevada, Massachusetts, Maryland and Texas.

Puerto Rico released a draft version of its fiscal year 2014 comprehensive annual financial report to improve its chances of getting help from the United States government.

Arizona Gov. Doug Ducey has signed bipartisan pension overhaul legislation, though part of the plan must be approved by voters later this year.

The Federal Reserve Bank of New York said it will conduct small value exercises in a statement released Wednesday.

Although uncertainty increased since their prior meeting, members of the Federal Open Market Committee decided at their January meeting that it was premature to change their outlook, according to minutes of the meeting, released Wednesday.

Proposal by Democratic leaders in the Maryland General Assembly would restrict governor's authority to allocate transportation project funding.

Chicago-based investment bank William Blair is moving into Ohio by hiring of a team of veteran public finance bankers from Fifth Third Securities.

The City of Philadelphia has added its backing to an ongoing lawsuit against Pennsylvania officials over the state's school funding formula.

Municipal bond traders saw the first of the week's new issue supply hit the market, led off by retail pricings of issuers from New York and Oregon, as well as institutional pricings from issuers in Florida, Nevada, Massachusetts, Maryland and Texas.

This week we review the most recent value of the Puerto Rico Economic Activity Index and examine issues related to its value as an indicator.

The Treasury Department Wednesday auctioned $55 billion of four-week bills at a 0.270% high yield, a price of 99.979000.

Comprehensive or targeted reform of the federal tax code could significantly impact the revenues of most states, The Pew Charitable Trusts found in a report released Wednesday.

Louisiana's estimated deficit deepened as state lawmakers began meeting for a special three-week legislative session to deal with the historic budget gap.

Indicator Last Report Forecast Actual Housing Starts Dec.: 1.143M Jan.: 1.177M Jan.: 1.099M Building Permits Dec.: 1.204M Jan.: 1.200M Jan.: 1.202M PPI Dec.: -0.2% Jan.: -0.2% Jan.: +0.1% PPI Core Dec.: +0.2% Jan.: +0.1% Jan.: +0.4% Industrial Production Dec.: -0.7% Jan.: +0.4% Jan.: +0.9% Capacity Utilization Dec.: 76.4 Jan.: 76.7 Jan.: 77.1

Municipal bond traders were set to see the first of the week's new issue supply hit the market, led off by the retail pricing of a New York transit deal.