News and Information from Bond Buyer

Minnesota Republicans on Monday proposed a $7 billion, 10-year plan to fund transportation work without a tax hike.

State revenues from gambling show weakness despite gambling expansion, according to a report from the Nelson A. Rockefeller Institute of Government.

Municipalities in fiscal crisis faced diminished abilities to manage federal grants because of workforce reductions, decreased financial capacities and outdated information technologies, the U.S. Government Accountability Office concluded in a report.

New York's Metropolitan Transportation Authority intends to award a four-year, $236.5 million contract to rebuild the Queens Midtown Tunnel, which Hurricane Sandy heavily damaged.

Standard & Poor's Ratings Services said it lowered its long-term rating to BBB-plus from A on DeKalb LaSalle & Kendall Counties Community Unit School District No. 430, Ill.'s existing general obligation bonds.

An examination of county level employment data shows some counties aren't participating in the reported national revival.

The use of 40-year bonds to retire $300 million of bond anticipation notes received favorable reaction in the capital markets, said the finance director of New York's MTA.

A subsea traffic tunnel below Chesapeake Bay has been pushed ahead to take advantage of low interest rates.

Fitch Ratings upgraded San Francisco Community College District, Calif.’s general obligation bonds to A from BBB-plus.

Newark, N.J. Mayor Ras Baraka is calling for the power to establish new taxes for users of the city's airport and seaport as way to raise additional revenue.

Thirty states’ tax receipts, adjusted for inflation, had not fully rebounded from the Great Recession more than five years after its end, according to an analysis released by a nonprofit organization on Monday.

A state authority in Wyoming is considering financing port projects in Oregon or Washington to strengthen Wyoming’s coal industry.

Amid a search for a new superintendent, Fort Worth Independent School District will take $271 million of bonds to market for new projects and refunding.

Moody's Investors Service said it has downgraded the Penn Hills School District, Pa.'s general obligation underlying rating to Ba3 from Baa1.

Municipal analysts blame the lull in municipal high-yield investment on a range of factors, from uncertainty over interest rates to bulging supply in the investment-grade sector.

Former RBC Capital Markets managing director Mel Schonhorst achieved a measure of success after seven years trying to clear his name in a Texas investigation that cost him his job though he was never accused of anything.

Moody's Investors Service said it downgrades the Northampton Municipal Authority (Bucks County), Pa.'s water and sewer revenue bonds to A2 from Aa3.

Although the economy has recovered slowly from the Great Recession, progress should allow the Federal Reserve to raise interest rates this year, Federal Reserve Board Vice Chair Stanley Fischer said Monday.

Prices of top-rated municipal bonds were unchanged at mid-session, according to traders, halting the downward trend in yields since the Federal Open Market Committee meeting last week.

Tender rates for the Treasury Department's latest 91-day and 182-day discount bills were lower, as the three-months incurred a 0.020% high rate, down from 0.040% the prior week, and the six-months incurred a 0.105% high rate, off from 0.145% the week before.