News and Information from Bond Buyer

Municipal bonds finished steady on Wednesday, according to traders, who manned their desks for the last full trading day of 2015.

Hawaii Gov. David Ige's $13 billion supplemental budget proposes increasing general obligation bond issuance by $891.8 million in fiscal 2017 to support $1.8 billion in capital projects.

The Regional Transportation Authority of Illinois kicks off the New Year with a rare new money borrowing as it looks to avoid state-related credit fallout.

Early projections of diminished revenues at Plainridge Park Casino say little about the industry’s long-term viability in Massachusetts, said gaming chief Stephen Crosby.

The Treasury Department auctioned $29 billion of seven-year notes, with a 2 1/8% coupon and a 2.161% high yield, a price of 99.767297.

Philadelphia’s general fund tax revenues are up $85 million for the first five months of the 2016 fiscal year, according to City Controller Alan Butkovitz’s new economic report released on Dec. 30.

Agreement on $29 billion in capital funding for the MTA was the best moment of the year for New York City transit riders, said the Straphangers Campaign group.

Pennsylvania still lacks a complete budget despite sighs of relief from school districts that will receive catch-up funding.

Over the past 10 years, New York City's overtime spending has increased from $928 million to $1.7 billion, according to the Independent Budget Office watchdog organization.

Municipal bonds were weaker at mid-session, according to traders, with yields on some top-rated maturities stronger by as much as one basis point.

"There will be no important tax legislation next year, nothing's going to get to the finish line," said Howard Gleckman, senior fellow at the Tax Policy Center.

Congress will not act on comprehensive tax reform next year, but House Republicans could try to move forward with international or corporate tax reform, according to tax experts.

As the old year comes to an end, Bond Buyer Reporters Chip Barnett and Andrew Coen count down the Top 10 most popular Bond Buyer stories of 2015. They rank the most-read stories as of Dec. 29 by their website page views. Here's a link to all the stories: http://bit.ly/1ZzOMjB

Indicator Last Report Forecast Actual Pending Home Sales Oct.: +0.4% Nov.: +0.5% Nov.: -0.9%

Georgia State University teamed up with Atlanta-based Carter & Associates LLC to negotiate the purchase of Turner Field for a multi-use redevelopment project including a football stadium.

Pending home sales decreased 0.9% to an index reading of 106.9 in November, after a revised 0.4% decrease to 107.9 in October, according to a report released Wednesday by the National Association of Realtors.

Municipal bond traders were coming into work on Wednesday for the last full day of trading in 2015.

The Midwest Economy Index declined to negative 0.17 in November from an unrevised negative 0.14 in October, the Federal Reserve Bank of Chicago said Wednesday.

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