News and Information from Bond Buyer

Connecticut will get $5.2 million for dam-removal projects as part of the U.S. Department of the Interior’s $162 million allocation for shoreline protection.

Moody's Investors Service downgraded the issuer rating for Torrance Memorial Medical Center to A3 even as the Southern California hospital looked to complete construction on its new patient tower six months early.

Wichita City Council voted to issue $40 million in sales tax and revenue bonds for a development that will combine a sporting goods store with athletic facilities and lodging.

Recent Bay Area Rapid Transit strikes highlighted credit risks for local governments in that region, according to Fitch Ratings.

Illinois expects to collect $369 million more in revenue than previously estimated by the end of the current fiscal year, according to new estimates.

Newly issued Treasury securities held in stripped form increased about $385 million in October to a total of $202.512 billion, the Bureau of the Public Debt reported Wednesday.

Los Angeles Unified School District may slow its proposed bond-financed $1 billion roll-out of iPads to every student following missteps in the program's first phase.

Trading activity in the municipal bond market was stronger Wednesday afternoon after deals pricing in the primary market became available in the secondary market.

Texas voters approved a $2 billion water bond program Tuesday in the largest of many bond related issues voters decided in the off-year.

Securities and Exchange Commission chairman Mary Jo White said Wednesday that a 2012 risk alert on whether underwriters are doing enough to ensure the accuracy of offering documents is an example of how behind-the-scenes SEC action protects investors.

Detroit late Tuesday asked the federal judge overseeing its bankruptcy case to approve a controversial $350 million debtor-in-possession financing.

While labor markets have made "meaningful progress" since quantitative easing began, inflation remains below the 2% target set by the Fed, and with "limited experience with asset purchases," Federal Reserve Bank of Cleveland President and CEO Sandra Pianalto, said "it pays to be cautious."

Research from economists at the Federal Reserve Board of Governors argue for the central bank to keep the Fed Funds rate low even after the central bank passes its stated inflation and unemployment thresholds. But while the paper argues for reducing the unemployment threshold to 5.5%, it should not be assumed that a decision from the Fed's policymaking committee is imminent.

Moody's Investors Service said it has downgraded Conejo Valley Unified School District, Calif.'s general obligation rating to Aa3 from Aa2.

Bankrupt Jefferson County, Ala., began marketing efforts in earnest in advance of selling $1.74 billion of sewer system refunding warrants to finance its exit from Chapter 9.

The tax-exempt market opened Wednesday morning with yields trading steady as the majority of the week's largest deals already priced and traders looked to the secondary market.

Stockton residents voted to approve a sales tax increase that will help the city fund its plan to exit Chapter 9 bankruptcy.

The composite index of Leading Economic Indicators was up 0.7% in September following an unrevised 0.7% increase in August, the Conference Board reported Wednesday.

Bookstore owner Eric Papenfuse defeated city controller Dan Miller in the open-seat mayoral election in distressed Harrisburg, Pa.