Subject Root Tag

Fed ethics questions spread to Barkin on McKinsey’s opioid role

With incumbent Eric Garcetti awaiting confirmation to an ambassadorship, would-be successors are lining up for a two-round election in June and November 2022.

An agreement on the $10,000 limit on the federal deduction for state and local taxes is a priority for local governments.

The state-supported issuance marks the initial debt offering to backstop a $523 milion initiative.

Puerto Rico Gov. Pedro Pierluisi said the power agency's new leaders must end the outages plaguing the island.

Daily report for September 30, 2021

With a lot of cash still needing to be put to work, the Investment Company Institute showed another large week of inflows at $1.814 billion.

CB President Christine Lagarde said Wednesday that inflation “is largely attributable to the reopening of the economy.”

Mayors are urging Congress to preserve major housing support in the reconciliation bill.

KeyBanc Capital Markets priced tax-exempt bonds that will fund more than 300 units in Clayton County, Georgia, with the help of a Fannie Mae finance program.

The city council's budget and finance committee approved the increase and now the matter is headed to the full council.

State Comptroller Thomas DiNapoli's annual report reinfornced the transit authority's struggles that took hold during the pandemic.

The New York City Housing Development Corp.'s chief operating officer, who died Friday, understood bond financing nuances and "connected people and ideas."

Daily report for September 29, 2021

NOTICE IS HEREBY GIVEN to the holders of the Bonds of the New York City Municipal Water Finance Authority (the “Authority”) set forth in the Schedule below (the “Refunded Bonds”) that there has been deposited with U.S. BANK NATIONAL ASSOCIATION, as Trustee and Escrow Agent, moneys and/or Defeasance Obligations, as permitted by the Authority’s Water and Sewer System Second General Revenue Bond Resolution, adopted by the Authority on March 30, 1994, as amended and supplemented to the date hereof (the “Resolution”), which are sufficient and available to pay the principal amount thereof (the “Redemption Price”) and interest due on the Refunded Bonds on December 15, 2021 (the “Redemption Date”). The Refunded Bonds are deemed to be paid in accordance with Section 1201 of the Resolution. The Trustee has been irrevocably instructed to redeem the Refunded Bonds on the Redemption Date and at the Redemption Price, plus accrued interest thereon to the Redemption Date.

Municipals have not tracked directly with the UST moves, where the 10- and 30-year UST has risen 24 and 26 basis points, respectively, from Wednesday. Municipals have seen yields rise by 16 and 11 basis points.

The growing P3 sector would enjoy a boost across many markets, including rural broadband, under P3-friendly provisions in the bipartisan infrastructure bill.

The Plan of Adjustment confirmation hearing will still begin on Nov. 8.

City department heads are being asked to identify projects that would be eligible for federal funding.

The district follows up on a taxable refunding with some new money and refunding as the ink dries on pension legislation that removes the threat of insolvency.