News and Information from Bond Buyer

New Trier Township High School District 203 will soon offer nearly $90 million of voter approved bonds to finance an overhaul of its New Trier High School that serves the affluent north suburbs of Chicago.

The sewer system ratepayers seeking to overturn Jefferson County's bankruptcy plan objected to briefs submitted to the 11th Circuit Court of Appeal by the National Association of Bond Lawyers and Securities Industry and Financial Markets Association .

Chicago faces a second lawsuit challenging the constitutionality of reforms adopted last year that overhauled two of its four pension funds.

Susan Weisselberg will become deputy secretary of the Connecticut Office of Policy and Management, OPM Secretary Benjamin Barnes announced.

Michigan Gov. Rick Snyder has signed into law a pair of bills to create a large tax-free industrial zone in Detroit, an effort that supporters say will boost employment and investment in the city.

With more than 367 miles of coastline, Texas has 15 ports that annually handle more than 485 million tons of cargo, 1.2 million passengers, generate more than $5 billion annually in local and state tax revenue, and more than $9 billion in federal import tax revenue.

Tulsa Public Schools are planning to ask voters for one of the largest bond issues in Oklahoma history at $415 million.

Thirty-six Republican Arizona legislators should be allowed to challenge the constitutionality of a measure to expand Medicaid eligibility even though it won legislative approval, the state Supreme Court ruled.

The Green Energy Park is expected to earn Bridgeport, Conn., more than $7 million in tax revenue over its 20-year lease with United Illuminating, said Mayor Bill Finch.

Maine Gov. Paul LePage has nominated former Republican lawmaker Richard Rosen to serve as commissioner of the Maine Department of Administrative and Financial Services.

States will seek ways in 2015 to enhance existing revenue streams or create new ones to fund critical transportation projects, Wells Fargo says.

California auditor's report describes 10 substantiated whistleblower complaints totaling $89,000 in theft and waste by state employees and departments.

Kalamazoo, the latest in a series of local Michigan governments borrowing to cover retirements obligations, is expected to sell $90 million of bonds this week to pay off a chunk of its OPEB liability.

Indiana lawmakers returning to work this week will tackle the state's school funding formula, as well as other issues, during the new budget session.

Standard & Poor's lowered its rating to CCC-minus from CCC on the Aliceville Governmental Utilities Services Corp., Ala.'s bonds citing nearly drained reserves.

Los Angeles World Airport officials said enplanements at LA/Ontario International Airport grew in 2014, a year Los Angeles spent battling Ontario city officials who want control of the Inland Empire airfield.

Already struggling to erase a $715 million deficit over the current and coming fiscal years, Kansas lawmakers face a costly court ruling that could require them to add more than $500 million to school funding.

Texas A&M University is looking for strong demand and low interest rates to continue in the new year as it brings a $377 million refunding deal to market.

Standard & Poor's Ratings Services said it lowered its rating one notch, to CCC-minus from CCC, on Aliceville Governmental Utilities Services Corp. (GUSC), Ala.'s series 2011 bonds, issued for its Federal Bureau of Prisons (FBOP) project.

Moody's Investors Service is requesting market participants to comment on a proposed rating methodology for tax increment debt.