News and Information from Bond Buyer

Week Of January 27 Issuer St Description Amount

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New York Gov. Andrew Cuomo says New York's financial support for the money-losing Long Island College Hospital can continue for only a few more days.

Government

The Massachusetts Bay Transportation Authority awarded a $23.9 million contract to repair three bridges spanning the Merrimack River in Haverhill.

Former New York City Comptroller and mayoral candidate John Liu is teaching public policy and municipal finance at Baruch College.

Westin Hotels & Resorts will operate a $90 million partly bond-finaned hotel that will adjoin a new convention and entertainment center in Irving, Texas.

A broad coalition of Illinois unions accuses the state of pension "theft" in its long anticipated lawsuit that seeks to overturn the state's pension system overhaul before it takes effect in June.

Troubled North Las Vegas received two downgrades to its already junk-rated debt after a judge ruled against a state of emergency the city employed last year to avoid honoring union contracts.

Municipal bond yields climbed Wednesday as the Federal Reserve said it would continue tapering its quantitative easing policy.

Detroit's emergency manager said Wednesday he has presented the city's creditors with a proposed plan of adjustment, a key benchmark in the historic Chapter 9 case.

The American Public Power Association's board of directors has appointed Sue Kelly to become the group's new president and chief executive officer on April 1.

Illinois Gov. Pat Quinn, in his state of the state speech, sought to highlight the state's fiscal strides, notably a major pension overhaul, but was quiet about the state's considerable remaining financial challenges.

The Detroit Institute of Arts said it will try to raise $100 million as part of a high-profile public-private effort to raise money to pledge to the city's pensions while safeguarding its prized art collection.

Voters in Cuyahoga County will vote in May on whether to extend a pair of so-called sin taxes to raise badly needed new money for three sports stadiums located in downtown Cleveland.

The New York City Municipal Water Finance Authority sold about $351 million of second resolution, fixed-rate, tax-exempt new money bonds.

Florida Gov. Rick Scott recommended a $74.2 billion state budget for fiscal 2015, and $2.7 billion in bonds for transportation projects.

Despite an improving economy, the city of Phoenix is still facing budget deficits.

The chairman of New York's Metropolitan Transportation Authority acknowledged Wednesday the possibility of a Long Island Rail Road strike in the summer.