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The nonprofit regional healthcare system reported six straight years of operational losses in its most recent financial report.

Ocean Capital's next move is to attemot to have its elected directors seated on the funds' board of directors.

Daily report for September 21, 2023

As was expected, the FOMC held rates in a range between 5.25% and 5.50%, but the dot plot in the Summary of Economic Projections showed 12 of 19 members expect another 25-basis-point rate hike this year.

Miami-Dade County is fighting Florida lawmakers' latest attempts of a takeover of its expressway authority.

The website now shows Bloomberg's yield curve with hourly updates between 9 a.m. and 4 p.m. The move changes EMMA's usual practice of displaying yield curve data from the day before.

A referendum for up to $350 million of general obligation bonds for a terminal project will appear on the Nov. 7 ballot.

The event heavily focused on the kind of and how much disclosure issuers need to offer in order to attract investor interest.

Public finance and public trust must go hand-in-hand and that is where ESG and impact investing can play a role moving forward — it's the data, not the label.

Although the strike shouldn't "have significant adverse revenue consequences for Michigan or its local governments, it nevertheless highlights longer-term challenges for a state that is still disproportionately exposed to the domestic auto and auto parts industries," Moody's says.

Daily report for September 20, 2023

Fund flows "should be moving along a more positive trajectory, but they have yet to do so with munis unable to break free of the Treasury market's tight grip," Oppenheimer's Jeff Lipton said.

Moody's also affirmed the A3 rating on the MTA's $20.6 billion of transportation revenue bonds.

As the Disaster Relief Fund runs dry, FEMA asks Congress for appropriation renewal.

Jena Watson, who has nearly 30 years of experience, moved over from HomeBank.

The state managed to grow revenues above forecast for the first two months of the fiscal year despite the delayed tax filing deadline.

School districts and local governments may only hold bond elections once a year now, in November. They also face new state-imposed revenue limits.

Daily report for September 19, 2023

Gov. Brian Kemp signed an executive order to suspend state taxes on gas and diesel as fuel costs remain stubbornly high nationwide.

With a light new-issue calendar ahead of the FOMC meeting, "secondary flows may benefit from greater attention," said Kim Olsan, senior vice president at FHN Financial.