News and Information from Bond Buyer

House Ways and Means Chairman Paul Ryan is working on a "limited tax reform" package that could contain revenue for the Highway Trust Fund and extenders and that could be passed this summer.

Municipal bond volume is expected to rebound to more than $9 billion in the coming week, as issuers take advantage of post-tax season demand.

Chicago's chief financial officer, Lois Scott, formally submitted her resignation Friday.

Kansas revenues fell $4.4 million below expectations in April, the state Department of Revenue reported as state lawmakers returned to Topeka to complete the budget for the coming fiscal year.

Moody's Investors Service has stripped a suburban Chicago suburban park district of its investment grade rating due to concerns it will default on near term debt service payments.

Planned general obligation taxable refunding bonds slated to be issued by Atlantic City under New Jersey's Municipal Qualified Bond Act have been assigned an A-minus rating and stable outlook by Standard & Poor's.

Pension obligation bonds are land mines municipal issuers should avoid, according to Janney Capital Markets.

The City Council rejected privatization of Philadelphia Gas Works, but the future of the nation's largest municipally owned gas utility is back in play and a public-private partnership could be part of the vision.

Prices of top-rated municipal bonds were weaker at mid-session, according to traders, with yields on some maturities up by as much as three basis points.

The University of Michigan's final April consumer sentiment index reading was 95.9, compared to the preliminary April 95.9, the final March 93.0, and the preliminary March 91.2, according to market sources.

The overall economy grew for the seventy-first straight time, while the manufacturing sector expanded for the twenty-eighth consecutive month, the Institute for Supply Management reported Friday.

Construction spending decreased 0.6% in March, the Commerce Department said Friday, and is 2.0% above the March 2014 level.

Municipal bond traders are looking ahead to next week's manageable slate of new issue supply, with no issues topping $350 million.

May. 1, 2015 Far West: Plain/Insured GO Yield Curve* State Ratings One-Year Five-Year 10-Year 30-Year Alaska Aaa/AAA/AAA 0.2 1.32 2.14 3.05 California Aa3/A/A 0.23 1.35 2.37 3.35 Hawaii Aa2/AA/AA 0.24 1.41 2.27 3.2 Idaho Aa1/AA+/AA+ 0.2 1.38 2.25 3.19 Montana Aa1/AA/AA+ 0.2 1.37 2.26 3.21 Nevada Aa2/AA/AA+ 0.26 1.46 2.31 3.26 Oregon Aa1/AA+/AA+ 0.2 1.33 2.17 3.14 Washington Aa1/AA+/AA+ 0.23 1.43 2.31 3.28 Wyoming NR/AAA/NR 0.2 1.36 2.17 3.1

4/30/2015 4/23/2015 State # Iss Amount ($000) # Iss Amount ($000) Chg in Amt ($000) Alaska 0 $0 0 $0 $0 California 19 653,375 22 802,765 ?149,390 Hawaii 0 0 0 0 0 Idaho 3 42,110 1 6,120 35,990 Montana 0 0 0 0 0 Nevada 0 0 0 0 0 Oregon 0 0 0 0 0 Washington 4 196,905 10 1,032,305 ?835,400 Wyoming 0 0 0 0 0

Monday, May 4 Issuer St Description Amount

Friday, May 1 Issuer St Description Amount

Friday, May 1 Issuer St Description Amount

CALIFORNIA