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Despite the pandemic, operating revenues increased 7.6% from 2019 to 2020 and 8.25% from 2020 to 2021.
May 9
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A third of states lost population in 2021, a trend that is likely to continue and one that will have significant impact on the way in which state finance officials operate in the years to come.
May 9
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The nomination to the bistate agency comes as the long-stalled project could see its first infusion of federal funds.
May 9
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April revenue collections set records in Southwest states as a strong economy and inflation boosted income and sales tax collections, although some officials are urging caution.
May 9
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The Texas Natural Gas Securitization Finance Corporation picked a team of underwriters to sell debt for utilities hit hard during 2021’s Winter Storm Uri.
May 6
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S&P followed Fitch and Moody's in raising the state's ratings but the upgrades so far haven't halted the state's spread widening amid market turmoil.
May 6
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Munis again outperformed U.S. Treasuries. Participants note that municipal to Treasury ratios and nominal yield levels are “extremely attractive,” which is generating some renewed interest among the retail crowd.
May 6
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Lawmakers and advocates of U.S. tax credits like tax-exempt debt aren't getting many answers from Treasury about an impending global tax regime that diminishes the value of the tax tools.
May 6
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A national high-speed rail coalition penned a letter to the state's Democratic leaders saying allocating bond funds for the state's high-speed rail project would encourage federal support.
May 6
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Mohamed El-Erian, a closely followed bond-market strategist, says the Federal Reserve has a trust problem with financial markets and the nation over inflation.
May 6
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Shorter-dated and high-yield credit will be more likely to succeed in the current volatile environment.
May 6
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“The racial wealth gap is wide and growing and we need innovative policies like Baby Bonds to begin addressing it right away," says Shira Markoff of Prosperity Now.
May 6
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NOTICE IS HEREBY GIVEN that, pursuant to the applicable provisions of the governing documents of the above captioned bonds (the "Bonds"), $326,255,000 principal amount of the Bonds will be redeemed on June 15, 2022, at a Redemption Price of 1 00.00%, together with interest accrued to June 15, 2022, interest on the Bonds shall cease to accrue.
May 6 -
NOTICE IS HEREBY GIVEN that, pursuant to the applicable provisions of the governing documents of the above captioned bonds (the "Bonds"), $693,260,000 principal amount of the Bonds will be redeemed on June 15, 2022, at a Redemption Price of 100.00%, together with interest accrued to June 15, 2022, interest on the Bonds shall cease to accrue.
May 6 -
Wisconsin's debt manager Dave Erdman will make the leap to the private sector when he exits state employment after three decades.
May 5
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A spending limit formula voters set in 1979, combined with surpluses in the tens of billions of dollars, put California lawmakers in a quandary.
May 5
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Investors pulled more from municipal bond mutual funds in the latest week, with Refinitiv Lipper reporting $2.669 billion of outflows, though down from $2.875 billion of outflows in the previous week.
May 5
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Illinois' latest upgrade is its fourth over the last year and moves its general obligation rating three notches away from the cusp of junk, where it once sat.
May 5
