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The MSRB’s proposed changes to its fee structure fails to address the discrepancy between fees generated from dealers and municipal advisors in addition to a lack of transparency in its budgeting process.
July 7
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Federal Reserve Governor Christopher Waller said he supports raising interest rates by 75 basis points this month for a second straight meeting and “probably” a 50 basis-point hike at the following gathering in September.
July 7
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More frequent and extreme rainfall can produce amounts of stormwater runoff the city’s infrastructure was never designed to capture.
July 7
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Phil Washington would bring an issuer's perspective to the top FAA spot.
July 7
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Lawmakers approved the first $500 million for the program as a trailer bill to the fiscal 2023 budget. Bonds may be used to fill the gap.
July 7
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Fitch Ratings said the upgrade reflects the city's improved operating performance due to a robust tax revenue rebound and management's proactive budgetary actions.
July 7
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- Other Legal Notices
NOTICE IS HEREBY GIVEN to the holders of the Bonds of the Authority set forth in the Schedule below (the “Defeased Bonds”) that there has been deposited with U.S. BANK TRUST COMPANY, NATIONAL ASSOCIATION, as Trustee and Escrow Agent, moneys and direct obligations of the United States of America, 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 “Second General Resolution”), the principal of and interest on which, when redeemed prior to maturity, will provide moneys which, together with the moneys deposited with the Escrow Agent at the same time, shall be sufficient and available to pay the principal amount thereof and interest due and to become due on the Defeased Bonds on and prior to the respective redemption dates as set forth in the Schedule below. The Defeased Bonds are deemed to be paid in accordance with Section 1201 of the Second General Resolution. The Trustee has been irrevocably instructed to pay the Defeased Bonds on the respective redemption dates at 100% of the principal amount thereof, plus accrued interest thereon to the respective redemption dates.
July 7 -
The Investment Company Institute reported investors pulled $1.372 billion from muni bond mutual funds in the week ending June 29.
July 6
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The budget package awaiting Gov. Gretchen Whitmer's signature leaves billions on the table, for now, with contentious negotiations looming over the shape of tax relief.
July 6
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Federal Reserve officials agreed last month that interest rates may need to keep rising for longer to prevent higher inflation from becoming entrenched, even if that slowed the U.S. economy.
July 6
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The Oversight Board said the budget reflects a "constrained operating environment."
July 6
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Public private partnerships offer a new financing model for Colorado, which is prohibited from issuing general obligation bonds for state capital needs.
July 6
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Lanza said the "time was right" to return to the private sector.
July 6
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The new credit received a triple-A from Fitch Ratings and a AA+ from S&P Global.
July 6
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High energy prices and low unemployment have aided Oklahoma’s economy.
July 6
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City and state will issue municipal bonds for the domed stadium while lowering taxpayer liabilities.
July 6
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As investors shift the focus from inflation to recession concerns, fixed income markets, including munis, may regain some of the year's losses.
July 5
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Mary Colby, who retires from Charles Schwab Investment Management after 30 years in the muni industry, fought for more extensive disclosure for investors.
July 5
