News and Information from Bond Buyer

Gov. Kathy Hochul's “New Era for New York" initiative includes a $10 billion healthcare proposal, a $1 billion plan to help small businesses, middle-class tax relief, ethics reforms and limiting statewide elected officials to two terms.

Public sector workforce challenges and diversity, equity, and inclusion are priorities for the new president.

It would mark only the third transit P3 in the country and would be under pressure to deliver without the problems that dogged the other two.

Sarah Bloom Raskin, reportedly the Biden administration's top candidate for vice chair of supervision, would toughen the Federal Reserve's stances on the role of banks in combating climate change, capital requirements, the Volcker Rule and other policy areas, experts say.

ICI reported $1.101 billion of inflows into municipal bond mutual funds for the last week of 2021. Refinitiv Lipper figures on Thursday may give a sense of investor sentiment for week one of 2022.

California has produced increasingly late audited financial documents since it fully launched FI$Cal, the state's massive financial technology system in 2019.

The state expects to cut interest costs through the early repayment on the loan taken out through the Federal Reserve's emergency lending program to help pay down healthcare bills.

Hammerman has spent more than 18 years with the group, participating in a number of important policy discussions about munis.

"There is no person who has done more to keep the New York City budget sound than Ronnie Lowenstein,” says Richard Ravitch. "She is a remarkable public servant.”

The competitive tax-exempt Louisville and Jefferson County Metropolitan Sewer District deal is climate bond certified by Kestrel Verifiers.

The U.S. Treasury selloff caught up to tax-exempts with two to three basis point cuts to scales, but munis still outperform.

The proposed guidance, which restricts new highway capacity projects, may be applied to legacy programs like TIFIA as well.

Todd Cipperman, founding principal of Cipperman Compliance Services, talks with Chip Barnett about compliance and disclosure and regulation by the federal government in 2022. (42 minutes)

Several pension-related matters that impact Chicago, Cook County and suburban and downstate public safety pension funds face an uncertain fate.

Democrat-leaning states argue that the $10,000 SALT cap deduction is politically motivated and violates the U.S. Constitution.

The Municipal Securities Rulemaking Board has begun accepting applications for two regulated and two public board positions until Feb. 7.

The new office is the firm’s first in the Southeast region.

Municipals triple-A benchmarks continue the trend of ignoring other markets to start 2022. The new year will likely usher in slower growth and continued inflationary pressures, analysts said.

The Internal Revenue Service and Department of the Treasury have released final guidance on the transition away from Libor, designating SOFR as an alternative rate.

Marjorie Henning was named deputy comptroller for public finance and Michael Haddad is interim chief investment officer and deputy comptroller for asset management.