News and Information from Bond Buyer

The Chicago Public Schools unveiled a proposed $5.7 billion fiscal 2015 budget that relies on a windfall of property tax dollars by extending its collection cycle into the next fiscal year to help wipe out a $900 shortfall.

Investors who hold Illinois credits have not reacted to the state’s Supreme Court's ruling that retiree health care subsidies are protected by the state's constitution, but market participants anticipate a spike in Illinois trading on Monday.

Academy Securities, a registered broker-dealer and certified disabled veteran business enterprise, has announced a merger agreement with broker-dealer Carolina Capital Markets.

New York State will receive about $3.59 billion as part of a settlement with BNP Paribas for violating United States economic sanctions.

A federal appeals court judge advanced bond insurer Syncora Guarantee Inc.'s appeal of a key decision about casino tax revenue in the Detroit bankruptcy case, ordering a lower court to review the challenge by July 14.

President Obama's warning that federal transportation funding will dry up is a scare tactic aimed at raising taxes, a conservative group said.

Moody's Investors Service said a new law that increases the contribution rates to the California State Teachers' Retirement System fund is a credit positive for the system.

Illinois retiree healthcare premium subsidies are protected by the state constitution, the Illinois Supreme Court concluded in a challenge that could foreshadow the fate of the state's more recent pension overhaul.

Gov. Tom Corbett said he would decide after holiday whether to sign a $29.1 billion Pennsylvania budget that does nothing about unfunded pension liability.

Possible voter repeal of a three-year-old law authorizing casinos adds another wacky element to the Massachusetts gambling licensing process and could blow a $73 million hole in the commonwealth's budget.

New Jersey Gov. Chris Christie's reauthorization of a 2% cap on police and firefighter salaries is positive for the state's local governments, Moody's said.

If there's one thing congressional staff members need to remember about municipal bonds, it’s that they "built America," Columbia, S.C. Mayor Steve Benjamin said Wednesday.

Market participants will have less cash available to invest in July issuances, investors said.

Indicator Last Report Forecast Actual Factory Orders April: +0.8% May: -0.2% May: -0.5%

Jul. 3, 2014 Southeast: Plain/Insured GO Yield Curve* State Ratings One-Year Five-Year 10-Year 30-Year Alabama Aa1/AA/AA+ 0.11 1.3 2.46 3.48 Florida Aa1/AAA/AAA 0.11 1.29 2.4 3.49 Georgia Aaa/AAA/AAA 0.11 1.23 2.29 3.3 Kentucky Aa2/AA+/AA 0.13 1.36 2.52 3.54 Louisiana Aa2/AA/AA 0.12 1.33 2.47 3.49 Mississippi Aa2/AA/AA+ 0.13 1.33 2.5 3.51 North Carolina Aaa/AAA/AAA 0.11 1.23 2.28 3.29 South Carolina Aaa/AA+/AAA 0.11 1.24 2.32 3.33 Tennessee Aaa/AA+/AAA 0.11 1.24 2.34 3.35 Virginia Aaa/AAA/AAA 0.11 1.22 2.27 3.28 West Virginia Aa1/AA/AA 0.12 1.34 2.5 3.52

7/2/2014 6/25/2014 State Iss Amount ($000s) Iss Amount ($000s) Chg in Amt ($000s) Alabama 0 $0 2 $563,950 -$563,950 Florida 4 294,125 6 451,995 -157,870 Georgia 2 24,260 5 135,760 -111,500 Kentucky 2 6,640 8 153,300 -146,660 Louisiana 0 0 1 9,230 -9,230 Mississippi 0 0 0 0 0 North Carolina 0 0 0 0 0 South Carolina 1 21,500 1 29,430 -7,930 Tennessee 1 3,170 0 0 3,170 Virginia 2 37,030 4 77,270 -40,240 West Virginia 0 0 0 0 0

Monday, July 7 Issuer St Description Amount

Monday, July 7 Issuer St Description Amount

Week Of July 7 Issuer St Description Amount