News and Information from Bond Buyer

Week Of September 22 Issuer St Description Amount

ILLINOIS

CONNECTICUT

New York's MTA intends to remarket $148 million of Triborough Bridge and Tunnel Authority subordinate revenue variable rate bonds in October, an official told the finance committee.

Last week's secondary market activity was driven by the primary market, a trend expected to continue into this week's market led by California and New York City.

Government

Riverside County, Calif.'s plans to sell $102 million in Teeter notes the week of Sept. 29.

President Obama on Friday signed a continuing resolution that allows government programs and services to be funded until Dec. 11.

Standard & Poor's raises its long-term and underlying ratings to AA-plus on New York City Housing Development Corp. bonds known as the open resolution.

Eight states with the greatest percentage of tax filers who claimed a deduction for sales taxes in the 2012 tax year would likely be most affected, if Congress fails to extend the deduction, according to an analysis by The Pew Charitable Trusts.

Bond insurer Financial Guaranty Insurance Co., standing alone as the last major creditor holding out in the Detroit bankruptcy, challenged the city's recent settlement with fellow insurer Syncora Guarantee Inc.

Moody's Investors Service said it downgrades to Ba1 from Baa1 the general obligation rating of Gooding County School District No. 232 (Wendell), Idaho.

Moody's Investors Service said it has downgraded the underlying rating on Almont Community Schools, Mich.'s outstanding general obligation unlimited tax debt to A2 from A1.

The Federal Railroad Administration released a draft environmental statement for the new private passenger rail service All Aboard Florida.

Philadelphia reached a deal with one of its unions requiring $127 million in additional spending over the course of its five year plan covering fiscal years 2015 to 2019.

Two issuers in Colorado and one in Pennsylvania have recently disclosed that the Internal Revenue Service is auditing some of their refunding and/or single-family mortgage bonds.

Indiana officials assured Hoosiers that the bankruptcy of the private operator of the Indiana Toll Road would not hurt the state, but one analyst warned that "aggressive" toll rates in the original lease could spell long-term problems.

Transportation advocates want to put the kibosh on congressional proposals to slash the federal gasoline tax and turn over almost all highway funding to the states.

New groundwater legislation signed by California Gov. Jerry Brown will benefit water agencies in the long run, but won't make much of a difference in mitigating current pressures caused by the state's drought, according to Fitch Ratings.

The Texas Transportation Commission expects to price $1.1 billion of general obligation bonds in October, about six months later than originally scheduled.