News and Information from Bond Buyer

Week Of May 5 Issuer St Description Amount

Week Of May 5 Issuer St Description Amount

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The Missouri Senate on Monday overrode Gov. Jay Nixon's veto of a $620 million income tax cut. A vote in the House is next.

A federal judge in Louisiana rescheduled a housing discrimination lawsuit hearing involving the State Bond Commission at the request of State Treasurer John Kennedy.

An Austin transportation coalition proposes a $1.4 billion urban rail line that could appear on the November ballot after years of study.

Standard & Poor's U.S. public finance upgrades outnumbered downgrades in the first quarter of 2014, the sixth consecutive quarter with a positive tilt, the rating agency said Monday.

Philadelphia School District's responses to its difficult financial situation may lead to even worse financial problems down the road, Moody's said.

Government

Illinois State Toll Highway Authority’s $450 million bonds sale will be be greeted with demand when it comes to market this week, traders said.

Connecticut lawmakers worked over the weekend and burned midnight oil before passing a $19 billion budget for fiscal 2014-15 that failed to end partisan sniping.

New York City Mayor Bill de Blasio called for 200,000 units of affordable housing over 10 years, funded in part with $1 billion from the city's pension funds and 501(c)(3) bonds to finance middle-income housing.

Large public funds tracked by the Wilshire Trust Universe Comparison Service outperformed small ones in the first quarter of 2014.

Bankrupt Detroit Monday filed a new plan to adjust its debt that reflects recent settlement with key creditors, though deals with some bondholders remain elusive.

Yields remained unchanged throughout the curve on Monday, according to Municipal Market Data's Triple-A scale.

Former U.S. Representative James Oberstar died at age 79 Saturday, silencing one of Washington's most outspoken advocates of increased transportation and infrastructure investment.

The Nassau Interim Finance Authority approved wage increases and police recruits for Nassau County, N.Y. government Saturday morning.

The gas tax would need to be raised to 31 cents from the current 18.3 cents per gallon in 2015 and increased thereafter in order for the Highway Trust Fund to keep up with projected transportation funding needs, without new revenue sources, Fitch Ratings said in a report released Monday.

Florida's largest-ever budget at $77.1 billion passed Friday before the end of the Legislature's annual session.