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As passengers return and revenues climb toward pre-pandemic norms, the Port Authority of New York and New Jersey has billions of capital construction on tap at the region's largest airports.
July 22
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The bank in recent months shuttered its muni proprietary trading unit — which used the firm’s own cash to trade and invest — as part of a push to focus on providing more of its balance sheet to larger, institutional clients, according to people familiar with the matter.
July 22
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Genesee County and Flint supported the bonds issued to finance construction of a pipeline with the county ultimately on the hook.
July 22
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Mayor Daniella Levine Cava said her proposed $9.3 billion fiscal 2022-2023 budget, with the tax cut, safeguards the county's fiscal stability and maintains critical services.
July 22
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Investors pulled $698.782 million out of municipal bond mutual funds, per Refinitiv Lipper data, versus the $206.127 million of inflows the week prior. High-yield saw small inflows.
July 21
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The ruling means the Puerto Rico government will have $400 million less in its coffers.
July 21
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Park View School Inc., a charter school operator in Prescott Valley, has filed for bankruptcy following years of financial mismanagement and a lawsuit from the SEC.
July 21
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The new law kills tolling for the Major Bridge program but allows the P3 contract to remain in place.
July 21
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Most public pension funds are fragile not distressed, according to Equable.
July 21
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While an Oklahoma regulatory official said the bond sale's results for ratepayers was “simply horrifying,” the rapid increase in U.S. Treasury and municipal interest rates since the start of the year were directly correlated.
July 21
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Federal Reserve Chair Jerome Powell recently sold more than $1 million of municipal bonds issued by various entities across the U.S. as tough new ethics rules took effect for central bank officials in the wake of a trading scandal last year.
July 21
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The top two bond insurers — Assured Guaranty and Build America Mutual — accounted for $17.132 billion of deals in the first two quarters.
July 21
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The governor refused board's order to suspend implementation and enforcement of the new law that the board says will hurt the island's labor market and revenues.
July 21
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“We have to be able to build things better and faster in this country and you don’t have to be a Democrat or a Republican to agree with that."
July 21
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The Investment Company Institute reported investors added $543 million to muni bond mutual funds in the week ending July 13 compared to the $1.061 billion of outflows in the previous week.
July 20
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The 2023 fiscal year chair, vice chair and four new members will be announced after the meeting and the board will adopt its FY 2023 budget.
July 20
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Bond premiums decrease when a city facing flood risk adopts measures that will reduce those risks, according to a recent study.
July 20
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Inflationary-driven challenges pose a drag on hospitals’ fiscal recovery from the pandemic with short-, mid-, and long-term action needed.
July 20
