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Daily report for November 03, 2020.

The fate of the state budget and ratings may depend on the progressive income tax ballot measure. Midwest voters also face $2.3 billion of bond measures Tuesday.

Financial hits to Atlantic City's hospitality industry from state limitations aimed at curbing the spread of COVID-19 are hindering a state agency reliant on luxury tax revenues to pay debt service on outstanding bonds.

Municipals were weaker in the 10-year range by as much as one basis point on Monday as all eyes fixate on election results.

The city of Alpharetta wants to repurpose $24.72 million in bonds issued in 2016 by the Development Authority of Alpharetta.

This is the Lone Star State's only bond election day in 2020 after the May date was canceled because of the COVID-19 pandemic.

No one expects any change to the fed funds rate target when the Federal Open Market Committee meets on Wednesday and Thursday, but that doesn’t mean there’s nothing to watch for.

California will give the private activity bond capacity granted to the high-speed rail project to affordable housing projects and other qualifying ventures.

How “progressive” the new leadership decides to act will affect what roles the Fed will need to assume and support. Greater transparency and responsiveness to congressional leadership will be primary among them

Daily report for November 02, 2020.

Justin Peterson left the meeting to deprive the board of a quorum and prevent the adoption of a debt plan he opposes.

Republicans in the New York county's legislature oppose the debt restructuring, which would save the county an estimated $285 million in interest next year.

From feast to famine, ahead of the elections, the new-issue slate dries up while the secondary held steady.

The Florida Department of Transportation extended the suspension of Garcon Point Bridge toll collections because it is being used as a detour.

Long-term municipal bond volume is on pace to set a new record of yearly issuance, thanks in part to issuers rushing to market before the election and a continued taxable boom.

The American Securities Association wants to see a municipal debt purchase program extended past the end of the year, but Treasury has indicated that is unlikely.

Thomas Forkin eyes legal challenges to state's intervention efforts if he defeats incumbent Marty Small in Tuesday's election.

Stanford Ladner of Butler Snow has been listed in the 2020 edition of “New York Metro Super Lawyers."

Personal income increased 0.9% in September after a 2.5% decline in August, the Commerce Department reported Friday, while personal consumption grew 1.2% after a 0.7% gain in August.

Virus effects have battered New York City’s economy and by extension, the city’s budget and credit standing.