News and Information from Bond Buyer

4/29/2015 4/22/2015 State Iss Amount ($000s) Iss Amount ($000s) Chg in Amt ($000s) Alabama 1 $6,905 3 $76,100 ?69,195 Florida 9 941,020 8 957,460 -16,440 Georgia 0 0 3 59,420 -59,420 Kentucky 6 60,295 8 199,740 -139,445 Louisiana 5 396,380 1 15,935 380,445 Mississippi 1 1,300 0 0 1,300 North Carolina 2 59,730 4 189,615 -129,885 South Carolina 5 281,790 3 102,590 179,200 Tennessee 8 337,215 6 160,445 176,770 Virginia 5 599,305 7 667,430 ?68,125 West Virginia 5 81,825 4 65,620 16,205

Thursday, April 30 Issuer St Description Amount

Thursday, April 30 Issuer St Description Amount

Wednesday, May 6 Issuer St Description Amount

Week Of April 27 Issuer St Description Amount

INDIANA

ALABAMA

Government

In a rare unanimous vote, the Texas House passed the first sales tax reduction in the state’s history as part of $4.9 billion of tax cuts, veering away from the Senate’s property tax relief.

Chicago will phase out the use of scoop-and-toss debt restructuring, convert a $900 million floating rate portfolio to fixed and exit the attached interest rate swaps under measures announced by Mayor Rahm Emanuel Wednesday.

Prices of top-shelf municipal bonds closed weaker on Wednesday, traders said, with yields on some maturities rising by five basis points. Treasury prices were also trading lower after the Federal Open Market Committee decided to keep interest rates unchanged on the heels of a weak report on gross domestic product.

An Internal Revenue Service memorandum that would render a community development district's bonds taxable should not be retroactive because a House committee last year urged guidance on political subdivisions be prospective, the CDD's lawyer said.

Michigan Gov. Rick Snyder has lifted the four-year long state of emergency over the city of Flint and given the city a $7 million loan to eliminate the final piece of its general fund deficit.

Standard & Poor's Ratings Services said it raised its rating to AA-plus from AA on DuPont, Wash.'s series 2009 Civic Center Project certificates of participation.

House Appropriations subcommittee adopted a fiscal 2016 transportation budget with no increase in highway and transit spending.

After 42 years at Moody's Investors Service, John Incorvaia is retiring after spending most of his analytical career covering Florida. April 30 is his last day on the job.

Economic growth slowed during the winter, mostly due to "transitory factors" and inflation will stay low "near term," but rise toward the Federal Open Market Committee's 2% target over the medium term, according to the statement released by the FOMC after its policy meeting.

The Panama Canal expansion will benefit East Coast local governments near key ports, but West Coast ports will not lose business from the expansion, according to a Moody’s Investors Service report.

Fitch Ratings and Moody’s Investors Service have assigned their highest ratings to Seattle's unlimited and second-highest ratings to its limited tax general obligation bonds ahead of a more than $350 million competitive sale next week.

The Treasury Department auctioned $29 billion of seven-year notes, with a 1 3/4% coupon and a 1.820% high yield, a price of 99.541880.