News and Information from Bond Buyer

Week Of November 16 Issuer St Description Amount

Week Of November 16 Issuer St Description Amount

CALIFORNIA

ALABAMA

Government

Municipal bond funds reported inflows for the sixth week in a row, according to Lipper data released on Thursday.

The Senate Judiciary Committee will hold a hearing on Dec. 1 to explore Puerto Rico’s fiscal problems and the potential options that are available to help the island, panel chair Chuck Grassley, R-Iowa, announced Thursday

The Internal Revenue Service’s tax-exempt bond office has told Mobile, Ala., that the general obligation refunding and improvement warrants it issued in 2006 are probably taxable.

Kansas Gov. Sam Brownback ordered $123 million in spending cuts, transfers and other measures as state revenue estimates continued to fall in November.

In the week ended Nov. 12, the weekly average yield to maturity of the Bond Buyer Municipal Bond Index rose to 4.38% from 4.35% from the previous week. The BB40 Index is based on the price of 40 long-term bonds.

The Puerto Rico Senate has changed a proposed fiscal control board into a fiscal oversight board.

New York City’s November financial plan update for fiscal 2016 reveals a $304 million surplus, said Mayor Bill de Blasio.

Detroit-based Henry Ford Health System will acquire Allegiance Health, a union that offers benefits for both in what marks the latest in an ongoing wave of healthcare consolidations.

Virginia Gov. Terry McAuliffe plans to ask lawmakers for approval to issue up to $3.5 billion of bonds for capital needs, including transportation projects.

Atlantic City, N.J employees in five departments could be facing layoffs by the end of the year as the city grapples with a continued credit crisis, according to a letter sent Tuesday.

Chicago’s water enterprise credit was removed from Fitch Ratings’ negative watch list in recognition of its resolution of liquidity strains tied to downgrades that triggered defaults on bank contracts.

The primary market saw the last of this week’s supply come and go, according to traders, with deals from issuers in California, Virginia and Illinois “getting cleaned up quickly.” Yields on top-quality municipal bonds closed were from one to three basis points higher on some maturities, according to traders, but yields on the majority of the maturities stayed steady.

In a first-of-a-kind action, the Municipal Securities Rulemaking Board released a compliance advisory for municipal advisors on Thursday to help them understand and implement new regulations.

Employment in Oregon's film industry has grown 75% in five years, Gov. Kate Brown said as supporters say the industry brings economic benefits despite significant tax concessions.

Standard & Poor's Ratings Services said it lowered its underlying rating one notch to BBB from BBB-plus on Fulton, N.Y.'s general obligation debt.