News and Information from Bond Buyer

Week Of June 15 Issuer St Description Amount

Week Of June 8 Issuer St Description Amount

Jun. 11, 2015 Southeast: Plain/Insured GO Yield Curve* State Ratings One-Year Five-Year 10-Year 30-Year Alabama Aa1/AA/AA+ 0.29 1.58 2.45 3.43 Florida Aa1/AAA/AAA 0.34 1.64 2.51 3.5 Georgia Aaa/AAA/AAA 0.29 1.53 2.36 3.33 Kentucky Aa2/AA+/AA+ 0.33 1.67 2.56 3.55 Louisiana Aa2/AA/AA 0.39 1.85 2.8 3.79 Mississippi Aa2/AA/AA+ 0.33 1.66 2.58 3.56 North Carolina Aaa/AAA/AAA 0.29 1.53 2.36 3.33 South Carolina Aaa/AA+/AAA 0.29 1.55 2.39 3.36 Tennessee Aaa/AA+/AAA 0.29 1.55 2.39 3.35 Virginia Aaa/AAA/AAA 0.29 1.53 2.35 3.32 West Virginia Aa1/AA/AA+ 0.33 1.62 2.49 3.48

CALIFORNIA

ARIZONA

6/10/2015 6/3/2015 State Iss Amount ($000s) Iss Amount ($000s) Chg in Amt ($000s) Alabama 2 $101,375 0 $0 101,375 Florida 12 1,976,465 11 1,726,780 249,685 Georgia 3 340,315 5 1,540,260 -1,199,945 Kentucky 1 36,845 1 1,505 35,340 Louisiana 3 139,200 2 104,200 35,000 Mississippi 0 0 0 0 0 North Carolina 7 154,410 6 172,150 -17,740 South Carolina 2 197,145 5 56,735 140,410 Tennessee 3 17,950 1 3,025 14,925 Virginia 6 324,065 1 59,095 264,970 West Virginia 0 0 0 0 0

Government

Despite a slump in oil prices, Texas sales tax revenues rose 5.2% in May compared to the same month last year, Comptroller Glenn Hegar said.

Wisconsin plans three bond sales this month beginning Thursday with a $90 million new-money general obligation issue followed by a $128 million clean water revenue refunding issue next week.

A pair of California state senators on Wednesday introduced a proposed amendment to the Golden State’s constitution that would increase property tax revenues by increasing the assessed value of most businesses.

The Alaska Railroad Corp. received a one-notch downgrade to A from Standard & Poor’s on capital grant receipts bonds while Moody’s Investors Service affirmed its A3 rating ahead of plans to price $96.6 million on July 21.

Rep. Richard Neal, D-Mass., said he would like to see a revival of the Build America Bond program included in a long-term highway bill.

The South Florida Water Management District is preparing to issue the largest certificate of participation deal this year to refund $470 million in COPs sold in 2006 to buy land that protects the famed Everglades.

Suffolk County elected officials want New York Comptroller Thomas DiNapoli to audit a proposed three-year rate hike from the Long Island Power Authority and its service provider PSEG Long Island

Prices of top rated municipal bonds closed lower on Wednesday, traders said, with yields on some maturities rising by as much as three basis points. In the primary, Atlanta sold $252 million of general obligation bonds in the competitive arena while Miami-Dade County came to market with a $538 million negotiated deal.

Rhode Island lawmakers must approve now that Superior Court Judge Sarah Taft-Cater signed off on a class-action settlement in the lawsuit over the state's 2011 law that overhauled pension benefits.

Focus on a controversial, stand-still federal transportation appropriations bill shifts to the Senate after narrow House passage.

Indicator Last Report Forecast Actual Treasury Budget April: +$156.7B May: -$98.0B May: -$82.4B

The federal government ran an $82.4 billion budget deficit in May, the Treasury Department reported Wednesday.

Wayne County, Mich. has reached a settlement with a chunk of its retirees that will save the junk-rated government around $20 million a year.