News and Information from Bond Buyer

Recently there have been signs that Republican opposition to tax rises in New Jersey government has been cracking.

Pricing for Detroit's Convention Facility Authority bond Thursday indicated that the market is still cautious with credits associated with the bankrupt Michigan city.

The Warren County Downtown Economic Development Authority in Kentucky will be among nine award winners at the CDFA's annual summit in November.

Chicago Public Schools has reached an agreement to sell its downtown headquarters for $28 million.

West Hazleton Borough exited Pennsylvania's Act 47 program for distressed municipalities, according to Gov. Tom Corbett

Moody's Investors Service said it has downgraded to A1 from Aa3, the rating on Sugar Land Development Corporation, Texas's, revenue debt.

The Government of the U.S. Virgin Islands and the Virgin Islands Public Finance Authority filed a lawsuit this week against their former bond counsel and financial advisor, alleging they were negligent when they advised that $219.49 million of bonds issued in 2006 would be tax exempt.

Moody's Investors Service said it has assigned a Baa1 rating to the city of Reading, Pa.'s $35.24 million federally taxable general obligation bonds, Series of 2014.

Maryland voters will decide whether to constitutionally prohibit lawmakers from diverting transportation-dedicated tax revenues to other purposes.

The long saga over the fate of $98 million of defaulted St. Louis convention center hotel bonds is nearing an end with the trustee planning to make a final distribution payment of $1.4 million to bondholders next month.

Hawaii plans to enter the market with a $1.1 billion general obligation sale in November, a week after voters select a new governor.

The Municipal Securities Rulemaking Board is proposing to establish limits on the gifts and non-cash benefits municipal advisors can provide in their professional capacities.

Capital Region Water received a $125,000 grant to develop a green stormwater infrastructure plan for Harrisburg, Pa., from a Pennsylvania conservation agency.

The Treasury Department Thursday sold $7 billion of inflation-indexed 29-year 4-month bonds at a 0.985% yield, an adjusted price of 112.167585, with a 1 3/8% coupon.

Long-dated maturities on Wednesday's San Joaquin deal regained some strength in Thursday morning trading.

Seattle's City Light Department sold $265 million of revenue bonds in a competitive offering Wednesday for the city's light and power system.

Charges were dropped against one person after former Orlando-Orange County Expressway Authority board member Scott Batterson gets prison.

Standard & Poor's Ratings Services said it revised its outlook to negative from stable and affirmed its AA-minus issuer credit rating on Missouri-based Mercy Health (Mercy, formerly known as Sisters of Mercy Health System) and its AA-minus long-term rating and underlying rating (SPUR) on various issuers' revenue bonds issued for Mercy.

The Treasury Department said it will auction $15 billion two-year 0.070% floating rate notes on Wednesday, Oct. 29.

The Treasury Department said it will auction $29 billion seven-year notes on Thursday, Oct. 30.