News and Information from Bond Buyer

Markets took the news that it will soon be appropriate to increase the Fed funds target rate at a slower pace as good news.

Enrollment and inflation-adjusted net tuition trends are negative.

The Port Authority of New York and New Jersey expects its bottom line to return to pre-pandemic levels in fiscal year 2023, according to its recently announced budget.

Leading Life Senior Living in 2020 defaulted on $30.275 million of bonds it sold in 2017 through the Oklahoma Development Finance Authority to purchase two memory care facilities.

The rating agency raised the system's subordinate-lien general airport revenue bond rating to A-plus from A with a stable outlook amid increased enplanements.

A separate report showed the state's workforce declined by 1% between 2011 and 2021 while the workforce increased 5.1% nationally during that time frame.

Lower supply in 2022 has somewhat helped the market avoid larger losses, many participants have said.

PREPA bondholders' filing cites the Bankruoptcy Code, the PREPA Trust Agreement and other documents.

Airports, schools and affordable housing received an infusion of cash from lawmakers

With more federal money flowing to airport terminal projects under the infrastructure law over the next five years, Transportation Secretary Pete Buttigieg said he "wouldn't be surprised to see strong applications" from O'Hare.

"S&P recognizes the progress that has been made and that Connecticut is getting its mojo back," said Gov. Ned Lamont.

KBRA said the upgrade reflected the airport's large and growing service area, anchored by Miami, which is a vibrant center for tourism and trade.

Ruben James Rojas agreed to admit wrongdoing and pay a $50,000 fine after the Securities and Exchange Commission found that he misled bond investors in connection with a $100 million offering.

The Legislative Analyst's Office forecasts the state could face a $25 billion deficit in fiscal 2023-24.

The Bond Buyer's senior regional reporters hold a roundtable discussion on the midterm elections. Caitlin Devitt, Yvette Shields, Karen Pierog, Keeley Webster and Thomas Nocera talk about implications for the municipal bond market. Chip Barnett moderates. (30 minutes)

The Nov. 8th ballot in Midwest states was crowded with bond, governance, and policy questions.

"An increase in social distancing and remote work has resulted in growing vacant office space since late 2020. Office rents have also trended down and remained depressed into 2022," according to the Popular Annual Financial Report.

Local officials will now be able to access to revenue from a special tax levy previously reserved only for bonded debt to pay for capital improvements.

Had the teachers' challenge succeeded, the cost to Puerto Rico could have been $1 billion. A challenge to the plan from credit unions is before the First Circuit Court of Appeals.

The negotiated calendar this week is very light due to the Thanksgiving holiday, with only four deals above $100 million.