News and Information from Bond Buyer

Week Of August 11 Issuer St Description Amount

Week Of August 4 Issuer St Description Amount

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Bankrupt Detroit has floated a plan asking holders of $5.2 billion of water and sewer bonds to tender their debt, allowing the city to refinance in an effort to achieve savings.

Government

Pennsylvania Gov. Tom Corbett released a $265 million advance to the teetering Philadelphia School District to help it fill a budget gap.

Tennessee and Wayne County Airport received intense interest in their pricing on Wednesday, allowing dealers to cut yields even further from the already tight spreads.

The Joint Committee on Taxation estimates that tax-exempt governmental bonds will result in revenue losses to the federal government of $179.6 billion from fiscal years 2014 through 2018

Issuers believe guidance recently released by bond lawyers will help them determine whether they made materially misleading statements in offering documents that they could consider self-reporting to the Securities and Exchange Commission.

Texas sales tax revenues rose 6.3% to $2.34 billion in July, marking the 52nd straight month of increases, state Comptroller Susan Combs said.

T. Rowe Price recently launched an Intermediate Tax-Free High-Yield Fund targeting investors who are worried about protecting their principle in the face of potentially higher interest rates yet comfortable with some extra risk.

Los Angeles Mayor Eric Garcetti announced that he is conducting his second annual review of every city department as part of his commitment to improve accountability and performance measurement in city government.

New York City Mayor Bill de Blasio and Comptroller Scott Stringer called for cutting consultants and re-establishing the city as the lead in an overhaul of the troubled emergency 911 system.

Transportation Secretary Anthony Foxx is urging voters to press lawmakers for a long-term solution to federal highway funding before the end of 2014, but industry experts don't expect Congress to take action until spring 2015 at the earliest.

Newly issued Treasury securities held in stripped form decreased about $122.691 billion in July to a total of $213.974 billion, the Bureau of the Public Debt reported Wednesday.

Orange County Transportation Authority, Calif., received a two-notch ratings bump on its senior lien toll road revenue bonds to AA-minus from Standard & Poor's on Tuesday.

A United States demand that New York pay back at least $1.3 billion is a credit negative for New York, Moody's said recently, but New York disagreed.

After almost two years of preparation, an adverse ruling Monday on the hotel sales tax that would have funded the majority of San Diego's planned convention center expansion sends city leaders back to the drawing board.

Michigan voters Tuesday approved a proposition to phase out an unpopular business tax that funds local governments while in the Detroit region, voters passed tax increases that will stave off financial emergencies for at least two local governments and threw long-time Wayne County Executive Robert Ficano out of office.