News and Information from Bond Buyer

State tax revenues are growing more slowly again, the Nelson A, Rockefeller Institute of Government said Tuesday in a report based on preliminary data for the fourth quarter of last year.

Standard & Poor's Ratings Services said it has raised its issuer credit rating on Pleasanton Independent School District, Texas' general obligation debt to A-plus from A.

More than 1,000 small business owners from across the country are urging House Judiciary Committee Chairman Bob Goodlatte, R-Va. to act on the online sales tax issue.

Michael McGirr and Erin McCafferty will join the Massachusetts Pension Reserves Investment Management private equity team.

New Mexico Gov. Susana Martinez signed the state's $6.2 billion budget for fiscal year 2015 into law along with an $89 million capital outlay bill.

Buoyed by record ridership in 2013, public transit advocates want their fair share of funding from Washington in the next multi-year surface transportation bill.

JP Morgan Securities won the bid for $402 million of taxable Build Illinois bonds, the largest deal in the competitive market on Tuesday.

The potential cost of labor negotiations casts a shadow of uncertainty on New York City finances, said a report by state Comptroller Thomas DiNapoli.

Detroit's high-profile battle with its bondholders will likely have limited impact in the national market, as general obligation pledges vary widely across the country, Moody's Investors Service said in a new report.

A federal judge has ordered seven defendants to disgorge millions in ill-gotten gains and imposed other administrative penalties stemming from a pay-to-play case involving the New York State Common Retirement Fund.

Illinois paid at least $80 million more on general obligation bonds sold between 2005 and 2010 due to its poor reputation with investors, according to a new academic report.

The Treasury Department Tuesday auctioned $30 billion of three-year notes with a 3/4% coupon at a 0.802% yield, a price of 99.846425.

Small businesses were less optimistic in February, as the National Federation of Independent Business' Small Business Optimism Index fell to 91.4 in the month from 94.1 in January.

The monthly Treasury budget statement for February 2014, originally scheduled for release on Wednesday, March 12 at 2 p.m. has been delayed, according to Treasury.

The Treasury Department Tuesday auctioned $35 billion of four-week bills at a 0.055% high yield, a price of 99.995722.

Several sizeable new bond issues Tuesday may not get the attention issuers hoped for as Puerto Rico's highly anticipated $3.5 billion bond sale grips the market.

The bankruptcy litigation surrounding Detroit's general obligation bonds is unlikely to have a broad legal impact on the meaning of the GO pledges in bonds nationwide, says Moody's Investors Service in a report.

New York City's crumbling infrastructure, if left unchecked, could "wreak havoc" on its economy, said a report that called for a $47 billion investment merely for repair and replacement.

Wholesale inventories increased 0.6% in January, the Commerce Department reported Tuesday.

Standard & Poor's raised its rating on the Iowa Board of Regents' parking system revenue bonds one level to AA-minus based on strong parking demand.