News and Information from Bond Buyer

Mar. 25, 2015 Midwest: Plain/Insured GO Yield Curve* State Ratings One-Year Five-Year 10-Year 30-Year Illinois A3/A+/A+ 0.68 2.39 3.41 4.31 Indiana Aaa/AAA/AA+ 0.18 1.27 2.06 2.88 Iowa Aaa/AAA/AAA 0.18 1.28 2.06 2.88 Michigan Aa2/AA/AA 0.21 1.36 2.22 3.06 Minnesota Aa1/AA+/AA+ 0.18 1.24 1.99 2.79 Missouri Aaa/AAA/AAA 0.18 1.22 1.97 2.79 Nebraska NR/AAA/NR 0.18 1.29 2.11 2.96 North Dakota Aa1/AA+/NR 0.19 1.32 2.13 2.96 Ohio Aa1/AA+/AA+ 0.2 1.33 2.1 2.94 South Dakota NR/AA+/AA+ 0.2 1.31 2.14 2.98 Wisconsin Aa2/AA/AA 0.21 1.31 2.12 2.96

3/24/2015 3/17/2015 State # Iss Amount ($000) # Iss Amount ($000) Chg in Amt ($000s) Illinois 10 $106,690 11 $345,475 -238,785 Indiana 10 215,930 10 113,575 102,355 Iowa 8 39,240 6 23,410 15,830 Michigan 5 114,695 2 15,395 99,300 Minnesota 28 251,170 30 250,240 930 Missouri 2 19,335 3 133,935 114,600 Nebraska 0 0 1 141,000 -141,000 North Dakota 2 24,335 0 0 24,335 Ohio 10 159,190 11 188,290 -29,100 South Dakota 1 17,555 0 0 17,555 Wisconsin 22 235,715 29 379,545 -143,830

Wednesday, March 25 Issuer St Description Amount

Wednesday, March 25 Issuer St Description Amount

Week Of March 23 Issuer St Description Amount

FLORIDA

CONNECTICUT

Raising money primarily from motor vehicle user fees could close the capital plan funding gap of New York’s MTA, according to the Citizens Budget Commission watchdog group.

Chicago received a first time rating of A-minus with a stable outlook from Kroll Bond Rating Agency.

For the third time in three years, Phoenix voters will be asked to approve changes in the city’s pension formula in hopes of making the retirement system more sustainable.

Utah Gov. Gary Herbert called for negotiations on a plan to expand Medicaid that would be approved in a special session of the state Legislature.

The Nassau County Interim Finance Authority has approved $100 million in new bonds for dozens of public works projects aimed at improving aging infrastructure.

Atlantic City Emergency Manager Kevin Lavin released a 60-day interim report Tuesday that does not mention bankruptcy but suggested a bond restructuring as one way to help the city's finances.

Government

Kentucky Gov. Steve Beshear has signed a bill strengthening oversight of state’s pension systems, including the teacher’s retirement plan and its $14 billion in liabilities.

Colin MacNaught, Massachusetts deputy treasurer for debt management for the past four years, is leaving the commonwealth on March 31.

The big California tobacco bond deal was offered to retail investors in the primary market on Tuesday while traders said prices of top-rated municipal bonds finished unchanged in the secondary for the second straight session.

Non-governmental entities’ access to the tax-exempt bond market should be better controlled, a tax expert told state treasurers Tuesday.

Bob Kurtter, who arrived at Moody's Investors Service in 1991 with a background in government and came to be regarded as "an icon" in public finance, is retiring at the end of the day Wednesday.

A one-time fix to close Illinois' current $1.6 billion budget gap largely by draining $1.3 billion from non-general fund special accounts is headed to the Senate after clearing the House.