News and Information from Bond Buyer

Lawyers for Minnesota Management and Budget and for citizens challenging the state's $468 million bond issue for a new Vikings football stadium laid out their cases with the Minnesota Supreme Court.

Municipal bonds continued to rally the past week, with U.S. economic data suggesting a slow recovery just as mutual funds showed renewed investor interest in tax-exempt bonds

Wisconsin Gov. Scott Walker plans to outline tax cut proposals in his state of the state proposal he said are affordable due to new revenue estimates that project a more than $900 million surplus in the current budget

Standard & Poor's said it raised its school issuer credit rating on South Brunswick Township Board of Education, N.J.'s outstanding general obligation debt to AA-plus from AA.

Nebraska Gov. Dave Heineman said the state has recorded a record-high cash reserve and that he will push lawmakers to pass $500 million in tax cuts this year.

ABAG Finance Authority is selling $168 million of recently upgraded revenue bonds next week for a healthcare system in San Diego County.

Moody's Investors Service said it has downgraded to B1 from Aa1 Sacramento County Housing Authority's multifamily revenue bonds (Verandas Apartments) 2000 Issue H & taxable multifamily housing revenue bonds (Verandas Apartments) 2000 Issue H-T.

The finance team for Dallas-Fort Worth International Airport had to outwit the airlines and bypass the public to get the project, now celebrating its 40th anniversary, off the ground.

DOT expects the main federal highway infrastructure fund to run dry in August and post a $100 million deficit before the end of the fiscal year.

Internal Revenue Service auditors will no longer able to conclude there is automatic conflict of interest when lawyers who served as bond counsel in a transaction represent the issuer before the IRS in an examination of the bonds.

Yields on municipal bonds remained down into Friday afternoon as demand for new bonds drove prices in secondary trading.

Jefferson County, Ala., Commission President David Carrington said he is working on a "tell all" book about the nation's second-largest municipal bankruptcy case.

Municipal bond demand should increase in 2014 in an environment of expected higher interest rates, improved economic growth, lower issuance and richer valuations to Treasuries.

Two lynchpin bond sales under the Harrisburg, Pa., recovery plan priced within the expected range when receivership officials filed the plan in August, according to a status report.

Gov. Jerry Brown's proposed budget is a credit positive for California's school and community college districts, according to Moody's Investors Service.

Municipal bond yields continued to shed basis points Friday morning after seeing losses earlier in the week.

North Carolina State Treasurer Janet Cowell has appointed a commission to recommend reform measures for the state's $83 billion pension investment program.

The University of Michigan's preliminary January consumer sentiment index reading was 80.4, compared to the final December 82.5, the preliminary December 82.5, and the final November 75.1, according to market sources.

Boston is weighing a push for Massachusetts casino host community status even though voters in one neighborhood rejected one proposal.