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The deal for new bonds will likely be passed but experts say the final Plan of Adjustment may not lead to a sustainable recovery for the island.
October 18
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About 84% of minority- and women-owned business enterprises still do not have access to city government spending, according to the latest report.
October 18
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Developers of a $240 million hotel at the U.S. Air Force Academy Visitors Center in Colorado Springs are appealing to investors with an appetite for risk.
October 18
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The hires come as Congress is expected to pass a massive infrastructure bill that includes P3 provisions.
October 18
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Two issuers, the San Diego County Regional Airport Authority and the Village of Franklin Park, Illinois, have disclosed in the past week that they’re under audit by the Internal Revenue Service.
October 18
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Friday’s data suggested inflation remains a problem, as the voices calling for Federal Reserve action increase.
October 15
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Payments under the opioid settlement are too short-lived to securitize and local government participation remains unclear.
October 15
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Tax-exempt bonds are a very different area of the law.
October 15
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The Internal Revenue Service’s Tax Exempt Bond program will not be significantly overhauled as part of the agency’s restructuring and modernization efforts, officials say, but there are a few changes to forms and procedures that bear paying attention to.
October 15 -
The position has been held by Rebecca Olsen since 2018.
October 15
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Lawmakers say they will support legislation backing the Plan of Adjustment, which has been a major hurdle for completion of the debt restructuring plan.
October 15
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New York’s Hudson Yards development on Manhattan’s West Side was able to cover its debt service obligations despite the effects of the COVID-19 pandemic.
October 15
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The wealth management business is undergoing considerable transformation. The pandemic has created a new breed of investors, with distinct expectations and tastes formed by new technology and having lived through the financial crisis.
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Municipals have mostly held steady as bid-wanteds have risen, but so have yields and ratios, making for a more satisfactory range for investors getting into the market at these new higher levels.
October 14
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Judge Swain keeps the process on schedule to start the Confirmation Hearing on Nov. 8.
October 14
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The board also offers to approve other spending in exchange for local government approval of new bonds and other measures for the Plan of Adjustment.
October 14
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Chicago Mayor Lori Lightfoot's finance team laid out plans to tap more than half of $9 billion of existing and proposed borrowing authority through 2022 to refinance debt for savings and fund infrastructure and pandemic recovery efforts.
October 14
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A recent panel discussion shed some light on how issuers and borrowers should be disclosing climate related information.
October 14
