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The Municipal Securities Rulemaking Board has filed a proposal to change its fee structure to account for prior year market results in a move that will help the board cover budget shortfalls.
June 2
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High-yield raked in the majority of the flows helped by Nuveen reopening two of its high-yield funds to new investors. Participants remain cautious as macroeconomic effects still hang over the market.
June 2
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The state's two-year capital budget includes incentives for Intel's $20 billion chip production plants and spending on local and state construction projects.
June 2
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After next fiscal year, the governor expects both revenues and spending to increase.
June 2
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Turner & Townsend aims to double its North American growth by 2025 as the Infrastructure Investment and Jobs Act is rolled out.
June 2
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The SEC charged the town, former mayor Vern Breland, municipal adviser Twin Spires Financial and its owner Aaron Fletcher with misleading investors in connection with bond offerings in 2017 and 2018.
June 2
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Rating agencies like Gov. Gavin Newsom's focus on one-time spending, but warn that the Legislature could upset the applecart by creating ongoing programs.
June 2
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While the path back to pre-pandemic office life remains uncertain, a protracted remote work reality may be a harbinger for future credit rating downgrades of cities heavily dependent on commuter-driven revenues.
June 2
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The mammoth Sacramento-based health system experienced ratings downgrades in 2021 under the threat of multiple lawsuits, seismic costs and COVID-19 challenges.
June 1
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Municipals posted gains for the first time in 2022 in May, outperforming U.S. Treasuries on the month. The Bloomberg Muni Index posted a 1.49% return in May bringing losses down to 7.47% year to date.
June 1
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An April COVID hospitalization surge, along with a continuing labor shortage and inflationary and supply chain costs, hurt hospitals' bottom line.
June 1
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Even as the U.S. deal pipeline builds, public pension funds still need to look outside the country when they want to invest in infrastructure.
June 1
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Proceeds from the sale of the $406 million of general obligation bonds will fund infrastructure projects including roads, parks and recreational facilities.
June 1
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The GOP-controlled state legislature adjourned without passing a bill barring government contracts with firms, including banks that underwrite municipal bonds, if they “discriminate” against the firearm industry.
June 1
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Howard Globus, founder and CEO of IT-on-demand.com, talks with Chip Barnett about what municipalities should do before, during and after a cybersecurity attack to keep their systems secure from hackers. (19 minutes)
June 1
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June redemptions will be the highest of the year at $50.6 billion. New-issue supply — 30-day visible is currently at $15.5 billion — is unlikely to keep up.
May 31
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Signs of robust economic recovery in New Jersey added an additional $4.5 billion in revenue to the state's fiscal 2022 tax revenue estimates.
May 31
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Total May volume was $31.167 billion in 750 deals versus $35.358 billion in 1,295 issues a year earlier. In a continuing trend, new-money issuance was up 14.2% in May year-over-year.
May 31
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The Bankruptcy Judge extended the deadline for PREPA debt negotiations to July 1 and bondholders expressed frustrations, warning they may seek full repayment if a deal is not made.
May 31
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State officials warn that federal infrastructure funds may be lost if lawmakers don't act on new authorizations.
May 31
