News and Information from Bond Buyer

Gov. Tom Wolf and Pennsylvania lawmakers remained stalemated over how to fund a $30.2 billion budget for fiscal 2016.

The municipal bond market is awaiting the first leg of the week’s new issue supply to come to market on Wednesday. Several big negotiated and competitive deals are on tap led by issuers in Illinois and Florida.

Click on links to access the bond sale documents.

Click on links to access the bond sale documents.

Week Of July 6 Issuer St Description Amount

Week Of July 6 Issuer St Description Amount

MINNESOTA

ARKANSAS

Government

Pressure is mounting for Congress to make Puerto Rico's public entities eligible for Chapter 9 bankruptcy protection in the wake of an appeals court decision that found the territory's restructuring law illegal, and calls from top presidential candidates for congressional action.

Illinois Comptroller Leslie Geissler Munger plans an appeal of a court decision barring her from meeting the full state payroll without a fiscal 2016 in place, a decision that ups pressure on state leaders to resolve a budget impasse.

The Wisconsin Legislature was expected to take up a two-year, $70 billion budget Tuesday after majority Republicans resolved key sticking points within their caucuses.

Prices of top-shelf municipal bonds continued to strengthen on Tuesday, traders said, with some yields falling by as much as six basis points as worries caused by Greek and Chinese financial woes continued to feed a flight to quality movement.

Newly issued Treasury securities held in stripped form increased about $2.094 billion in June to a total of $215.551 billion, the Bureau of the Public Debt reported Tuesday.

Indicator Last Report Forecast Actual International Trade April: -$40.7B May: -$42.3B May: -$41.9B

San Diego Mayor Kevin Faulconer's fiscal 2016 budget doubles the annual amount the city spends on street repairs to $74 million.

A Pittsburgh grand jury looking into Harrisburg's finances has received a six-month extension to Jan. 31.

An "administrative error" by M&T Bank is blamed for a delinquent debt service payment from Beacon, N.Y., but the mistake did not impact the city's credit rating.

Moody's Investors Service dimmed its outlook on Houston's Aa2 general obligation rating to negative citing concerns about the city's pension obligations.

Standard & Poor's Ratings Services said it raised its rating on Iowa Falls, Iowa's outstanding sewer revenue loan notes and bonds to AA-minus from A-plus.