Subject Root Tag

Ed Rendell's approach to infrastructure and financial management as Philadelphia mayor and Pennsylvania governor put him ahead of his time.

Philadelphia, New Jersey and the 76ers could all spend billions of dollars. Opponents argue no one will be getting a good deal.

Daily report for September 16, 2024

While supply falls next week as investors await their first Fed rate cut in four years, it should pick up after the FOMC, Barclays PLC said, adding the 30-day visible pipeline "is at relatively manageable levels at the moment." Bond Buyer 30-day visible supply is at $10.09 billion.

Current FHWA deputy administrator Kristin White will serve as acting administrator until a successor is named.

Household ownership of individual bonds was the largest category of muni ownership at 44.6%, mutual funds at 19.2%, exchange-traded funds at 3.1% and U.S. banks at 12.4%. While not detailed in the Federal Reserve data, SMAs may hold up to $1.6 trillion currently.

NAFOA is supporting passage of the Tribal Tax & Investment Reform Act, which would free up tribal bond issuance.

President Joe Biden's so-called billionaire tax supported by Vice President Kamala Harris, which would tax unrealized gains from assets including bonds, would raise $500 billion over 10 years, according to Sen. Elizabeth Warren, D-Mass.

The Payson Town Council's passage last month of a bond resolution using an emergency clause violated the Arizona Constitution, according to a lawsuit.

The Indiana Budget Committee has approved $50 million in funding for bond financing that would bring water from an Indianapolis utility to the city of Lebanon.

California's state government typically pushes out billions of dollars of debt from August to November. This year there may be a shift in buy side sentiment.

Over a long, successful career, former New York City Director of Management and Budget Mark Page has shaped more than his share of public finance innovations. 

Daily report for September 13, 2024

Municipal bond mutual funds saw inflows as investors added $1.258 billion to funds — the second-largest inflow figure year-to-date after $1.413 billion of inflows for the week ending Jan. 31.

The agencies are overstepping their statutory authority in trying to force the market to adopt a new securities identifier, says the American Bankers Association.

Moodys says it is placing additional weight on the states' Aaa ratings in determining the Garvee ratings.

A report by the Securities Industry and Financial Markets Association shows that the move to a T+1 settlement cycle has struck the right balance between increasing efficiencies and mitigating risk.

The passage of a $11 billion plan, which aims to fully fund police and fire pensions in 30 years, comes as the retirement system is pushing its own plan in court.

The commission approved $73 million of limited obligation bonds for Rowan County schools.

House Republicans are once again careening towards a government shutdown