News and Information from Bond Buyer

This week we update a comparison of economic strength and fiscal health for New York State Counties, we look at the impact of MCDC on the number of 15c2-12 filings, and highlight one piece of good news for Puerto Rico.

Traders were eyeing the week’s hefty new supply, which began coming to market on Monday. Issuers in California, Texas and Washington state lead off Tuesday’s calendar.

ILLINOIS

IOWA

Tuesday, September 29 Issuer St Description Amount

Tuesday, September 29 Issuer St Description Amount

Indicator Last Report Forecast Actual Personal Income July: +0.4% Aug.: +0.4% Aug.: +0.3% Consumption July: +0.3% Aug.: +0.3% Aug.: +0.4% Core PCE Prices July: +0.1% Aug.: +0.1% Aug.: +0.1% Pending Home Sales July: +0.5% Aug.: +0.5% Aug.: -1.4%

Sep. 29, 2015 Southwest: Plain/Insured GO Yield Curve* State Ratings One-Year Five-Year 10-Year 30-Year Arizona Aa3/AA+/NR 0.28 1.47 2.34 3.37 Arkansas Aa1/AA/NR 0.25 1.39 2.19 3.2 Colorado Aa1/AA/NR 0.25 1.43 2.27 3.32 Kansas Aa1/AA+/NR 0.23 1.43 2.27 3.28 New Mexico Aaa/AA+/NR 0.23 1.37 2.18 3.22 Oklahoma Aa2/AA+/AA+ 0.27 1.46 2.29 3.32 Texas Aaa/AAA/AAA 0.26 1.42 2.28 3.28 Utah Aaa/AAA/AAA 0.23 1.31 2.08 3.1

Week Of September 28 Issuer St Description Amount

Week Of September 28 Issuer St Description Amount

9/28/2015 9/21/2015 State Amount ($000s) Iss Amount ($000s) Chg in Amt ($000s) Arizona 0 $0 0 $0 $0 Arkansas 2 59,100 1 5,175 53,925 Colorado 2 101,800 1 8,500 93,300 Kansas 5 141,800 7 41,010 100,790 New Mexico 0 0 4 37,865 -37,865 Oklahoma 11 37,785 5 2,185 35,600 Texas 15 354,310 17 308,550 45,760 Utah 1 24,295 2 34,225 -9,930

Government

Puerto Rico's government defended itself against a claim that it overstated anticipated cash shortfalls by $8.4 billion in the next five fiscal years.

Republican presidential candidate Donald Trump released his tax reform proposal on Monday and grabbed the attention of municipal market participants because it would lower tax rates and reduce or eliminate tax deductions and loopholes for the rich.

Chicago Mayor Rahm Emanuel brought the case for a budget proposal that hikes property taxes to fund police and firefighter pensions before the municipal bond market on Monday. Speaking in Manhattan to the Municipal Forum of New York, Emanuel said that the only alternative to his budget is to make massive cuts in the city’s workforce and services.

Pennsylvania Auditor General Eugene DePasquale said a settlement by Scranton’s nonuniform pension board will save the city more than $600,000.

Kentucky cities and power boards formed a new joint action agency that hopes to find lower power costs after shedding contracts with investor-owned Kentucky Utilities.

The Internal Revenue Service has determined that industrial development bonds issued by the city of Minneapolis in 2006 for a printing-facility project are taxable.

Prices of top-quality municipal bonds finished stronger on Monday, according to traders, with yields on some maturities weakening by as much as three basis points. Traders were eyeing the week's hefty new supply, which began coming to market on Monday.

The Texas Transportation Commission decided tolls are not needed to fund a proposed $530 million highway project.