News and Information from Bond Buyer

The early redemption plan saves the state $266 million in interest payments and allows pull-tab gambling revenue to flow to the general fund.

The board is offering $2.4 billion to all bondholders while $8.5 billion of par value is outstanding.

As the Republican-controlled state House and Senate remain divided on how to deliver a historic tax cut, the governor vetoed dozens of bills to pressure lawmakers.

Capital Markets Advisors and Richard Ganci have called for partial judgment in their defense against Securities and Exchange Commission claims that they misled investors, ignored signs of financial distress and that they failed to disclose material conflicts of interest to nearly 200 municipal clients.

The Nevada System of Higher Education regents are expected to select a new chancellor by the end of June. Former treasurer Kate Marshall is a finalist.

Some in the industry already use AI to help determine fair bid and offer prices and to summarize new-issue offering statements, but full integration into all aspects of the market is a ways away.

The Republican ESG bill calls for studies on key muni market issues, including bans on soliciting business, ESG disclosure and investment decisions by underfunded state and local pension plans.

The $6.9 billion new-issue calendar features high-grade deals from Georgia, Washington and Massachusetts, among other frequently traded credits, which should provide direction for scales.

Gov Maura Healey touted new spending on green energy, transportation, and housing in releasing the five-year Capital Investment Plan.

Hope is alive for muni priorities following a Bond Dealers of America visit to Capitol Hill this week.

What's the impact of hybrid work on the city's commercial office market and property tax revenues? It may be less than you think, according to Comptroller Brad Lander.

Some of the resources available include trade color from SOLVE's AI-powered technology, regulatory compliance solutions, coverage of illiquid securities and global bonds, and a suite of tools for new-issue and secondary market participants.

Moody's boosted CalHFA's rating to Aa2, following a similar move by S&P in December.

The plan includes a bump to public employee salaries and new spending on education.

Municipal bond mutual fund inflows returned as Refinitiv Lipper reported investors added $672.288 million for the week ending Wednesday following $256.532 million of outflows the week prior.

The task force expects to "form sub-groups to address specific pension issues and dedicated revenue as part of a comprehensive and balanced approach."

The upgrades brought the Orange County Transportation Authority managed lanes toll credit to double-A levels across the board.

The plan of adjustment hearing scheduled for late July will be postponed.

The departure of four attorneys marks the second group exodus in Texas this year for Orrick.

The gap next year is up from the $18.2 million shortfall projected heading into the fiscal 2023 budget season but down from the $121.4 million projection in 2022 and the expected near-record $410 million hole that loomed in 2021.