News and Information from Bond Buyer

Analysts eye with skepticism the pros and cons of the proposed nine-year agreement between New York Mayor Bill de Blasio and the teachers union.

Standard & Poor's Ratings Services said it raised its long-term rating to AA-minus from A-plus on Tulsa County Independent School District No. 11 (Owasso), Okla.'s general obligation bonds.

Morgan Stanley won the bid for $113.3 million of Delaware Transportation Authority's Delaware Transportation System senior revenue bonds on Tuesday, the largest competitive issuance scheduled for the week.

Rhode Island Secretary of State Ralph Mollis has begun to probe possible violations of lobbying rules involving Curt Schilling's 38 Studios video-game company.

Puerto Rico's government has posted an English language summary of the governor's proposed fiscal 2015 budget.

Sen. Barbara Boxer said the Senate Environment and Public Works Committee will begin work next week on a transportation bill that keeps spending at current levels plus inflation.

As California's housing market recovers, property tax payments for some will likely increase by more than 10% for the next several years, causing local property tax revenues to grow, according to California's legislative analyst's office.

Missouri's Republican-led Legislature overrode Democratic Gov. Jay Nixon's veto of a $620 million tax relief package, ignoring his warnings that it could jeopardize the state's top credit marks.

Chicago Public Schools plains raise its capital spending next year to install air conditioning in schools, build a new selective enrollment high school named for President Obama, and finance other upgrades as it continues to struggle with its budget.

The Treasury Department Tuesday auctioned $29 billion of three-year notes with a 7/8% coupon at a 0.928% yield, a price of 99.843551.

Some of Kansas Gov. Sam Brownback's former aides are under investigation by the FBI for influence peddling related to the state's $3 billion Medicaid program, according to the Topeka Capital-Journal.

The Municipal Securities Rulemaking Board is revising its proposed rule governing the duties of municipal advisors in response to market comments, and will also propose amending its pay-to-play rule to cover MAs, the MSRB announced Tuesday.

The Treasury Department Tuesday auctioned $35 billion of four-week bills at a 0.025% high yield, a price of 99.998056.

Yields on bonds from Puerto Rico's March $3.5 billion general obligation issuance increased on Tuesday morning.

Standard & Poor's revised its outlook on Mayo Clinic's AA rating to stable from negative due to its improved operating results.

Indicator Last Report Forecast Actual ISM Non Mfg Index March: 53.1 April: 54.1 April: 55.2

May. 6, 2014 Southwest: Plain/Insured GO Yield Curve* State Ratings One-Year Five-Year 10-Year 30-Year Arizona Aa3/AA+/NR 0.2 1.46 2.6 3.79 Arkansas Aa1/AA/NR 0.15 1.29 2.37 3.53 Colorado Aa1/AA/NR 0.16 1.37 2.51 3.68 Kansas Aa1/AA+/NR 0.15 1.34 2.44 3.6 New Mexico Aaa/AA+/NR 0.15 1.3 2.41 3.58 Oklahoma Aa2/AA+/AA+ 0.16 1.37 2.5 3.67 Texas Aaa/AAA/AAA 0.15 1.3 2.37 3.52 Utah Aaa/AAA/AAA 0.15 1.26 2.29 3.44

5/5/2014 4/28/2014 State Amount ($000s) Iss Amount ($000s) Chg in Amt ($000s) Arizona 5 $78,175 5 $78,175 $0 Arkansas 2 8,035 2 8,035 0 Colorado 3 45,535 4 58,445 -12,910 Kansas 10 162,447 5 131,032 31,415 New Mexico 3 220,475 1 174,045 46,430 Oklahoma 43 66,745 39 65,260 1,485 Texas 32 630,877 30 571,840 59,037 Utah 0 0 0 0 0

Tuesday, May 6 Issuer St Description Amount

Tuesday, May 6 Issuer St Description Amount