News and Information from Bond Buyer

6/17/2015 6/10/2015 State Iss Amount ($000s) Iss Amount ($000s) Chg in Amt ($000s) Alabama 1 $3,355 2 $101,375 -98,020 Florida 10 1,449,595 12 1,976,465 -526,870 Georgia 0 0 3 340,315 -340,315 Kentucky 9 321,225 1 36,845 284,380 Louisiana 3 124,200 3 139,200 -15,000 Mississippi 0 0 0 0 0 North Carolina 3 108,705 7 154,410 -45,705 South Carolina 3 222,610 2 197,145 25,465 Tennessee 2 8,000 3 17,950 -9,950 Virginia 2 154,235 6 324,065 -169,830 West Virginia 0 0 0 0 0

Government

Michigan Gov. Rick Snyder touted the state’s new $54 billion 2016 budget as a spending plan that will continue the state’s “path to prosperity.”

Wayne County, Mich. Executive Warren Evans is asking for state intervention to help tackle the county’s fiscal woes, submitting on Wednesday a formal request that a financial emergency be declared.

New York’s MTA launches a $250,000 railroad grade crossing safety campaign with nonprofit advocacy group Operation Lifesaver.

Lobbyists are pressuring lawmakers over a proposed bill to allow the territory’s authorities to declare bankruptcy, as a House panel prepares to hold a hearing on whether the territory should become a state.

A bill that would allow an Oregon authority to issue bonds for projects in other states is headed for the governor's desk after passing through the state Senate this week.

Prices of top-rated municipal bonds finished mixed on Wednesday, traders said, after the Federal Reserve left rates unchanged. Yields on munis ended flat to two basis points higher.

Investors in the financing that enabled Jefferson County to exit bankruptcy should not have the “rug pulled out from under them,” the county’s attorneys argued to the 11th Circuit Court of Appeals.

A federal judge Tuesday said federal approval of a controversial $1.5 billion toll road between Indiana and Illinois was “arbitrary and capricious” and in violation of federal environmental law.

An advisory panel has made recommendations about how the Internal Revenue Service’s tax-exempt bond office can increase its efficiency and effectiveness in a time of dwindling resources and increased market complexity.

The Government Development Bank for Puerto Rico is planning to offer a voluntary exchange for up to $4 billion in outstanding notes, according to the El Vocero website.

The chairman of the House Ways and Means Committee has ruled out raising the federal gas tax to support a multiyear transportation funding bills and says another short-term fix for the Highway Trust Fund is inevitable.

The Chicago City Council approved without debate Mayor Rahm Emanuel’s proposed $1.1 billion general obligation bond restructuring that helps resolve a liquidity crisis and eases budget pressures.

The San Diego Chargers threw cold water on a joint proposal by the city and county aimed at keeping the team in the city.

Rhode Island’s Senate finance committee is scheduled to vote on a proposed $8.7 billion state budget one day after the House approved it unanimously.

Prices of top-rated municipal bonds were mostly steady at mid-session, traders said, with yields on most maturities remaining unchanged.

A new and better way to design financing plans that is faster, more transparent, robust and reliable.

The inability of the Penn Hills, Pa., School District to obtain full bridge financing it needed for payroll and operating expenses is a credit negative, said Moody’s.