News and Information from Bond Buyer

Nassau County, N.Y. Comptroller George Maragos is projecting a $61.9 million cash deficit this year unless the county increases revenue or cuts expenses.

Municipal credit quality deteriorated in the second quarter, reflecting fiscal problems in Puerto Rico, New Jersey and Chicago, according to Moody's Investors Service.

Prices of top-quality municipal bonds finished steady to weaker on Tuesday, as two green bond offerings came to market along with a big a competitive sale from the Nutmeg State. Leading off the negotiated slate was the $939.320 million of green bond sale from Sound Transit, the Central Puget Sound Regional Transit Authority, Wash.

The Environmental Protection Agency has given Alaska a temporary pass on the EPA's latest carbon emissions rules because of the state's unique energy infrastructure challenges, a decision praised by the governor.

The Municipal Securities Rulemaking Board issued a media advisory on Tuesday warning of possible problems its anti-pay-to-play rule could cause for governors who are running for president and Wall Street firms that may contribute to them.

Puerto Rico issues were mixed in rather quiet trading on Tuesday after Standard & Poor's lowered its rating on the Puerto Rico Public Finance Corp. S&P dropped the PFC's $1 billion of Series 2011A, 2011B, and 2012A bonds to D from CC following a payment default on the bonds.

Chicago's rising pension and debt service tabs, and a persistent, albeit shrinking, operating deficit, pose a long-term strain to the city's balance sheet, the city says in its annual financial overview.

Unless data deteriorate significantly, short-term interest rates should be raised in September, Federal Reserve Bank of Atlanta President Dennis Lockhart said in a published interview.

Higher than expected revenues gives Missouri the needed matching funds for federal road dollars in 2017.

Former NASDAQ chairman Frank Zarb will head a new panel charged with reviewing the contracting process in New York's Nassau County.

New York City's out-year budget gaps are manageable under current economic conditions, state Comptroller Thomas DiNapoli told the Financial Control Board.

New York City Comptroller Scott Stringer and city pension fund trustees announce a $500 million expansion of a private equity emerging manager program.

Moody's Investors Service said it upgrades Randolph Township, N.J.'s $3.3 million outstanding long-term GO to Aaa from Aa1.

Nat Singer, senior managing director at Swap Financial Group, will become the new chair of the Municipal Securities Rulemaking Board on Oct. 1.

Within hours of the Obama Administration's release of the final Clean Power Plan on Monday, opponents vowed to take legal action to block the rule while others hailed the measure.

The Providence, R.I., firefighters union, at odds with Mayor Jorge Elorza over a department reorganization, wants a court to vacate its 2013 pension settlement.

Prices of top-quality municipal bonds were steady at mid-session, as two green bond offerings came to market as well as a competitive sale from the Nutmeg State.

The Treasury Department Tuesday auctioned $40 billion of four-week bills at a 0.050% high yield, a price of 99.996111.

Standard & Poor's upgraded Wyoming's Fremont County School District No. 1 to A-plus from A.

Standard & Poor's Ratings Services said it raised its underlying rating on Fremont County School District No. 1, Wyo.'s general obligation refunding bonds to A-plus from A.