News and Information from Bond Buyer

The new toll on vehicles entering large swathes of Manhattan will be a key part of the MTA's future capital plan.

The city is uncoupling Greenville's economic development arm from the local government, with the goal of spurring private sector investment in the city of 72,000.

Changes to the direct-pay system provides opportunities for nonprofits to cash in tax credits

Road projects make up more than half of the winning applicants, with transit accounting for another 16%.

John Di Stasio, president of the Large Public Power Council, said while the industry faces some pressures, public power systems are stable with growing revenues and healthy cash coverages.

David Fields, Rob Whitlock and Naomi O'Dell have been hired from RBC Capital Markets and will work out of the firm's Philadelphia and Chicago offices.

Getting project grant agreements in place, which formally releases the federal funds, is taking more time than expected.

"We believe pensions have an elevated probability of stressing the state and local governments' budgets even as Illinois has made supplemental contributions above the statutorily required amounts," S&P Global Ratings analyst Joseph Vodziak said.

Judge Laura Taylor Swain said she found the Oversight Board expert's calculations more convincing than those of the bondholders.

While supply has started to pick back up with an outsized primary market calendar this week, it's still not enough to meet demand, said Cooper Howard, a fixed income strategist at Charles Schwab.

The Brent Spence Bridge and Hudson Tunnel were among last year's winners of the sought-after federal Mega grants.

State lawmakers passed bills aimed at the city's home-rule powers and a union contract impasse, as well as funding for a convention center expansion.

A $100 million offering of voter-authorized general obligation bonds will speed up blight removal and fund parks and transportation projects.

California Gov. Gavin Newsom and lawmakers struck a budget agreement just days before the start of the fiscal year.

Virginia Wong, a partner in Nixon Peabody's public finance group, talks with Chip Barnett about effective mentorship and building successful teams. (15 minutes)

The FAA's reauthorization is facing trubulence before its expiration in September, but the enormous amount of cash airports have received from recent legislation situates them well regardless.

"I got cut," he told The Bond Buyer. "I'm looking for a new job now."

The Police and Fire Retirement System lacks authority to shift to a 20-year amortization of unfunded legacy liabilities from the 30-year term laid out in the city's bankruptcy exit plan, according to a judge's ruling that eases one fiscal pressure point for the city.

Despite a slow start to the week, "buyers are becoming more constructive, and there's increased buying going on," said Pat Luby, a CreditSights strategist.

"His key role in the financial rescue of New York City following its near-bankruptcy in 1975 set Dick on a nearly five-decade path making sure such an event would never happen again in the city and elsewhere," said William Glasgall of the Volcker Alliance.