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Illinois not-for-profit hospitals are facing new uncertainty over their local tax exemptions and charity care obligations after an appellate court voided a 2012 law governing their community benefit requirements.
January 8 -
Top-rated municipal bonds finished steady to weaker on Friday in light activity, traders said, ahead of the upcoming weeks $8.33 billion new issue slate. Most of the attention in the upcoming week will be focused on bond offerings from the city of Chicago and the state of Illinois.
January 8
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Consumer credit increased by $14.0 billion in November to $3.526 trillion, the Federal Reserve reported Friday.
January 8 -
Gov. Andrew Cuomo announced a tech modernization program for the MTA, including expanded Wi-Fi hotspots, accelerating mobile payments and ticketing to replace the MetroCard.
January 8
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Plans for a $1 billion electric car factory in North Las Vegas are a credit positive for Clark County and Nevada, according to Moody's Investors Service.
January 8
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Assured Guaranty Ltd. and Ambac Financial Group Inc. filed a lawsuit challenging the constitutionality of Puerto Rico's revenue clawback strategy, fanning concern that a long, messy process lies ahead as the commonwealth seeks to restructure about $70 billion of public bond debt.
January 8
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Nebraska would accelerate work on an unfinished expressway with funding from a proposed transportation infrastructure bank.
January 8
- Oregon
Oregon Treasurer Ted Wheeler has called for an immediate halt to a general obligation bond-financed energy loan program that is running in the red.
January 8
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The Internal Revenue Service and two community development districts in Florida have recently discussed a possible settlement over a long, ongoing municipal bond tax dispute, but its unclear if they will be able to agree on anything.
January 8
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Chicagos public finance community was stunned to learn of the sudden death over the holidays of veteran municipal market professional Adrienne J. Archia. She was 53.
January 8 -
A group of Jefferson County, Ala., taxpayers have cross appealed a judges recent ruling in hopes of further blocking the countys plan to issue refunding warrants.
January 8
- New Jersey
The New Jersey Legislature has approved a revised version of an Atlantic City rescue package that incorporates recommendations laid out by Gov. Chris Christie.
January 8
- Pennsylvania
Book author and state Representative John McGinnis says Pennsylvania lawmakers have it backwards when they treat pension bills as mere budgetary bargaining chips.
January 8
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Top-rated municipal bonds were steady to weaker in light activity at mid-session, traders said, while Treasuries turned narrowly mixed as stocks moved lower after the release of a stronger-than-expected jobs report.
January 8 -
Moody's Investors Service upgraded UMass Memorial Health Care revenue bonds out of junk to Baa3 from Ba1, affecting $265 million of rated debt.
January 8 -
The U.S. Department of Transportation gave All Aboard Florida another year to issue $1.75 billion of private activity bonds for its $3.5 billion passenger train project.
January 8
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Municipal bond traders were shaking off the post-holiday doldrums and finishing up their bookkeeping as they prepare to take on next week's heft new issue slate. Municipal bond funds saw inflows for the 14th straight week as funds saw $993 million of inflows, according to Lipper.
January 8
- Puerto Rico
Insurance companies that guarantee Puerto Rico municipal debt filed a lawsuit challenging the constitutionality of the commonwealth's decision to divert revenue designated for some bonds to pay other creditors.
January 8 -
Jan. 8, 2016 Far West: Plain/Insured GO Yield Curve* State Ratings One-Year Five-Year 10-Year 30-Year Alaska Aaa/AAA/AAA 0.5 1.17 1.86 2.8 California Aa3/A/A 0.52 1.19 1.93 2.9 Hawaii Aa2/AA/AA 0.52 1.21 1.94 2.9 Idaho Aa1/AA+/AA+ 0.5 1.21 1.95 2.89 Montana Aa1/AA/AA+ 0.5 1.2 1.96 2.91 Nevada Aa2/AA/AA+ 0.54 1.22 1.99 2.95 Oregon Aa1/AA+/AA+ 0.5 1.16 1.85 2.82 Washington Aa1/AA+/AA+ 0.53 1.21 1.95 2.92 Wyoming NR/AAA/NR 0.5 1.19 1.87 2.8
January 8 -
1/7/2016 12/31/2015 State # Iss Amount ($000) # Iss Amount ($000) Chg in Amt ($000) Alaska 0 $0 0 $0 $0 California 8 939,660 5 393,600 546,060 Hawaii 0 0 0 0 0 Idaho 1 15,000 1 15,000 0 Montana 0 0 0 0 0 Nevada 2 102,360 1 61,345 41,015 Oregon 0 0 0 0 0 Washington 7 1,384,955 7 1,387,375 -2,420 Wyoming 0 0 0 0 0
January 8
