News and Information from Bond Buyer

Brad Lander says using municipal bonds could be one way to help move recent immigrants into mainstream society and provide a long-term economic boost to the city.

The healthcare chain won breathing room as its letter of credit provider waived a rating covenant and removed an event of default provision for junk downgrades.

Puerto Rico's Fiscal Agency and Financial Advisory Authority said it "is available to assist the municipalities, as financial advisor and fiscal agent of the Government, on any restructuring that it deems necessary."

Opponents say the legislation could prompt issuers to drop out of the public bond market while supporters say investors and regulators deserve standardized financials.

"Everyone is trying to figure out when the outflow cycle is over," said Craig Brandon, co-director of municipal investments at Eaton Vance.

Despite a boost in state funding, Arizona school districts face big budget cuts unless the Republican-controlled legislature lifts a cap on their spending.

"The labor noise is probably a little louder and is probably going to be with us for longer than we expected in late 2021 and is probably going to result in lower margins for a bit of time," S&P's Suzie Desai said.

Though the 2028 Olympics in Los Angeles may still seem far off, city leaders in the region are finalizing plans set in place when the city was first selected to host the Games.

But governor and an analyst caution about appropriating "excess revenues" before an audit.

The program received more than 250 applications for $26.5 billion worth of projects across the country.

The once-barren budget stabilization fund now tops $1 billion but it's meager compared to the cushion built up by other states.

The former two-term mayor of Central Falls will face Republican James Lantrop, finance director for the town of North Kingstown, in the state's Nov. 8 general election.

The Investment Company Institute reported $2.034 billion of outflows from muni bond mutual funds in the week ending Sept. 7 compared to $2.594 billion of outflows the previous week.

The statement could be interpreted as also suggesting a restructuring of $242 million in bonds.

A whopping 91% of Bond Buyer California Public Finance Conference survey respondents expect municipal interest rates will end the year higher than current rates and 73% said rates will have the largest impact on the public finance industry in the next two quarters

The SEC has charged Chicago-based broker-dealer Loop Capital with providing advice to a municipal entity without registering as a municipal advisor

The capital finance director of the San Francisco Public Utilities Commission delivered some biting remarks to states banning underwriters based on political issues.

The allocation for Strategic Biofuels LLC received final approval from the Louisiana Community Development Authority, conduit issuer for the tax-exempt bonds.

Municipal advisor Matthias O'Meara and his firm Choice Advisors' move to dismiss the SEC's first ever charges under MSRB Rule G-42 failed.

Muni and UST yields surged Tuesday on expectations the Fed will have to aggressively raise interest rates to bring down inflation.