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Report for January 14, 2020

It has been a couple of years since the market has seen an active January to start the year.

For the next fiscal year, which begins Oct. 1 , the general fund is projected to have $235 million more than estimates made last May, bringing the total to $11.2 billion.

The announcement Monday involved last March’s ruling by the First Circuit Court of Appeals on the Puerto Rico Highways and Transportation Authority’s special revenue bonds.

Transportation advocates focused on new state revenue sources that can place the cash-strapped agency on firmer financial footing.

Gov. Gavin Newsom sent the specialists to aid the commonwealth in rebuilding.

The state expects to set senior and co-manager pools with up to 15 firms each for an initial four-year term.

Two Federal Reserve Bank presidents were positive about the economy in 2020, but offered a look at what worries them.

S&P dropped the the nation's second-most-populous county — one of many Illinois governments struggling with retirement plan funding — to A-plus from AA-minus.

The state would boost spending on education under proposals from the governor and the legislature, both led by Democrats.

Gov. Andrew Cuomo’s warnings that cities could absorb more Medicaid costs have triggered uncertainty about the city's budget.

The Windy City is looking to add even more savings to a $1.3 billion debt refinancing with a tender invitation for some of its older, higher-yielding bonds. “The tender is just gravy,” City CFO Jennie Huang Bennett said last week.

Attendees at The Bond Buyer’s Deal of the Year ceremony look ahead to the new year and discuss what they feel will be the biggest stories of 2020.

Attendees at The Bond Buyer’s Deal of the Year ceremony talk about what issues they think had the biggest impact in municipal finance last year.

Report for January 13, 2020

Gavin Newsom's proposed budget would support a $4.7 billion climate bond, create the state's own generic drug plan and add undocumented seniors to Medi-Cal.

The bondholders appeal to the U.S. First Circuit Court in Boston.

Demand for municipal bonds is much stronger in 2020 than it was to end 2019, illustrated by record inflows into the asset class in the latest reporting week.

The former FTN Financial increased its underwriting numbers in 2019 and parent First Horizon National merged with Iberiabank of Louisiana, adding more heft.

Jail bonds are being targeted for audits by the IRS this year with respect to whether federal government use of locally built facilities or management contracts with localities causes excessive private business use.