News and Information from Bond Buyer

The Port Authority of New York and New Jersey adopted a 2015 budget Wednesday that keeps operating expenses flat while also addressing capital needs.

Thursday, December 11 Issuer St Description Amount

Thursday, December 11 Issuer St Description Amount

Week Of December 8 Issuer St Description Amount

ALABAMA

CONNECTICUT

The Illinois Supreme Court agreed Wednesday to an expedited review of Illinois' appeal of a lower court ruling overturning state pension reforms.

Government

Despite tumbling oil prices, Texas sales tax revenue soared 10.7% to $2.66 billion, according to state Comptroller Susan Combs, who will leave office in January.

The municipal bond market saw more supply priced on Wednesday with the Los Angeles, Calif., Community College District coming to market with almost $3 billion of bonds, the largest sale of the week. High-grade municipal bond prices were little changed, according to Municipal Market Data.

The Illinois Finance Authority board signed off Rush University Medical Center $600 million refunding and issues that will help finance Chicago Navy Pier's big overhaul and finance construction of a compressed natural gas station for Pace suburban bus service.

Radian Group Inc. is seeking to sell bond insurer Radian Asset and Assured Guaranty or MBIA may turn out to be the buyer.

Standard & Poor's Ratings Services said it lowered its underlying rating to AA-minus from AA on L'anse Creuse Public Schools, Mich.'s outstanding general obligation (GO) debt.

The Cherokee County School System is negotiating with the Internal Revenue Service to settle a tax dispute, after an IRS agent contended in an audit of 2007 bonds that there was an arbitrage problem.

Connecticut received nearly $12.5 million in discretionary federal funding to expand preschool programs in 14 high-need communities.

For the month of November, California's total revenues came in slightly below estimates, with lower-than-expected income and sales tax collections, according to the state controller.

Moody's Investors Service has upgraded to A1 from A2 the rating on the town of Saugus, Mass.'s general obligation bonds, affecting $27.5 million in rated debt.

Daily Economic indicators box Indicator Last Report Forecast Actual Treasury Budget Oct.: -$121.7B Nov.: -$75.0B Nov.: -$56.8B

Florida's fiscal health is in better shape than it has been in years thanks to state spending policies, restraint using debt, and rebounding revenues, officials said.

The federal government ran a $56.8 billion budget deficit in November, the Treasury Department reported Wednesday.