News and Information from Bond Buyer

The bill passed through the committee on a 21 to 17 vote, over fierce Democratic opposition.

The state approved further cuts next year with provisions for possible additional cuts annually, starting in 2025, paving the way for the elimination of the personal income tax.

The income tax filing deadline for 51 of California's 58 counties was moved to October, which means the usual April read on revenues may be less informative.

Opponents warned the measures could roll back 10 years of state efforts to improve funding for the Kansas Public Employees Retirement System.

Outflows lessened, with the Investment Company Institute reporting investors pulled $344 million from mutual funds in the week ending March 1, after $1.148 billion of outflows the previous week.

Illinois lawmakers' research arm projects more revenue in the current budget year but warns budget writers to proceed with caution in the next.

Voters in several Vermont cities approved capital proposals backing wastewater system improvements.

After a brisk 2021 that saw a record number of P3 deals reach financial close, last year slowed to only 16 closings, according to Husch Blackwell's sixth annual P3 trends report.

Wildfires in western states are becoming more severe and costing more to fight.

With strong reserve levels, states will be able to weather a revenue shortage this year, analysts said.

Nossaman renames its pension practice to reflect a broader service offering as Michelle McCarthy comes on board.

A U.S. default would trigger a cascade of downgrades, including of municipalities, Moody's Analytics says.

The Ohio-based was underwriter on 47 limited offerings, violating the Commission's limited offering exemption.

State Treasurer Dale Folwell said he backs the intent and purpose of the bill, which is supposed to make the bond issuance process more transparent.

Women in Public Finance fosters relationships and offers forums and educational activities to help women win leadership positions.

Disruptions and dislocations associated with more volatile business cycles have already created opportunities for active fixed income management, as the dramatic interest rate increase of 2022 illustrates.

The two-year UST is now a full point above the 10-year UST, something that hasn't happened since 1981.

East Rutherford is suing the project's developer, saying it has missed millions of scheduled payments in lieu of taxes. American Dream's owners disagree.

Passing the Affordable Housing Credit Improvement Act could boost housing bond issuance.

Mayor Eric Adams executive budget "will be released in just 51 days, giving us limited time to marshal the substantial resources we will need to stay balanced in fiscal 2023 and 2024," said OMB Director Jacques Jiha.