News and Information from Bond Buyer

New York City could bring in $1 billion more tax revenue in fiscal 2015 and 2016 and nearly $3.5 billion more in the out years of the four-year financial plan, according to an analysis by city Comptroller Scott Stringer.

A group of Puerto Rico consumers and businesses sued the Puerto Rico Electric Power Authority, professionals at PREPA, and other energy companies for more than $1 billion.

Repealing the tax exemption for private-activity bonds would provide revenue to help pay for lowering corporate tax rates, a Congressional Research Service specialist testified before the Senate Finance Committee on Tuesday.

Top-rated municipal bond prices ended slightly higher on Tuesday, according to traders, as words from Federal Reserve Chair Janet Yellen soothed nervous bond investors. Meanwhile, the municipal primary heated up as over $2 billion of new supply hit the market.

There are few lay-ups in muni bond investing, but jettisoning buy-and-hold for dynamic tax management may be one of them.

Almost 300 House Democrats and Republicans joined in a letter pushing for passage of a long-term highway bill by May 31.

The SEC concluded without charges an investigation it launched into Bell, Calif.'s bond debt in 2010 after fraud perpetuated on the city by the former administration came to light.

Wisconsin's capital finance office is seeking applicants to fill two spots on its team charged with managing state borrowing programs.

Some portfolio managers have moved beyond merely matching benchmarks as they strive to match clients’ goals.

The Securities and Exchange Commission is still seeking a leader for its Office of Municipal Securities, and is keeping its search open until next month.

An investor group led by Boston Red Sox president Larry Lucchino and attorney James Skeffington has purchased the Pawtucket, R.I., minor league baseball franchise and envisions a stadium on former I-195 land in Providence.

Standard & Poor's Ratings Services said it lowered its long-term rating on Blount County, Tenn.'s outstanding debt to AA-minus from AA.

Detroit leaders are poised to send a $1 billion 2016 budget to the financial committee that oversees the bankrupt city that it hopes will be the first of three straight balanced budgets that would give the city financial independence by 2018.

Municipal bond borrowing by Midwestern issuers picked up steam last year, rising by 6.9% to $63.5 billion as issuers loosened the reins a bit on new money borrowing and refundings recorded double-digit gains thanks to favorable interest rates.

Maryland pushes back bids on its $2.5 billion Purple Line P3 rail project so partners can study how to build it cheaper.

The Treasury Department Tuesday auctioned $26 billion of two-year notes with a 1/2% coupon at a 0.603% yield, a price of 99.796087.

Standard & Poor's Ratings Services said it raised its issuer credit rating (ICR) to AA-minus from A-plus on Salinas, Calif.

Standard & Poor's Ratings Services said it raised its issuer credit rating (ICR) on Kansas City Public Schools (KCPS), Mo. one notch to A-plus from A.

Discussion at a recent industry panel addressed possible impacts of the global economy on U.S. states and describe additional metrics to watch to monitor health of municipal pensions.