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Analysts agree with Moody's that the island still faces financial risks.
May 5
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The infrastructure package features $5.4 billion to fight wildfires. Issuers like California's Yuba Water Agency say the money is a game changer.
May 5
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The high court validated about $800 million of ratepayer-backed bonds to finance the recovery of fuel costs incurred by Oklahoma Gas and Electric Company (OG&E) during the February 2021 storm.
May 5
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The development could potentially affect the tax-exempt status of bonds issued for the school, though it will likely be resolved before that happens.
May 5
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Outflows continue with the Investment Company Institute reporting $5.371 billion pulled from muni bond mutual funds in the week ending April 27. Exchange-traded funds saw inflows at $1 billion.
May 4
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The local government's bond restructuring law specified the tax was to go to the General Fund starting on March 15.
May 4
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The Oklahoma Turnpike Authority received state approval on Wednesday for a $200 million revolving line of credit to jumpstart its $5 billion expansion program, but will not be able to spend a portion of the money unless a lawsuit is resolved in its favor.
May 4
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Joliet closed on two federal WIFIA loans that mark a milestone in the the city's plans to overhaul its water infrastructure.
May 4
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The recovery is expected to continue this year and into next as the tourism industry looks to surpass 2019’s record-setting year.
May 4
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The chances of an economic slowdown are rising as the Federal Reserve is poised to take further steps to tame inflation, say the heads of JPMorgan Chase, Bank of America and Morgan Stanley.
May 4
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Norman Mineta was a transformative force in transportation policy, capable of building bridges across the political aisle.
May 4
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The state's Local Government Commission approved more than $1.5 billion in bond and financing agreements, including more than $600 million for the airports.
May 4
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The U.S. economy will probably fall into a recession as the Federal Reserve combats multidecade-high inflation, Randal Quarles, the Fed’s former vice chair for supervision, said.
May 3
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The municipal market was marked by some skittishness among investors on Tuesday as a new month gets underway.
May 3
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The federal government regulates vehicles, while states generally regulate drivers, an unofficial division that creates confusion.
May 3
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Opposition to the Oklahoma Turnpike Authority’s $5 billion, bond-financed improvement and expansion project is heating up with a lawsuit seeking to block it filed ahead of a meeting to consider initial financing.
May 3
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Ammar Rizki, CFO of the nation's most populous county, is leaving for the Obama Foundation, which is building the Obama presidential library on Chicago's South Side.
May 3
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States face a multi-trillion infrastructure gap, which they need to address with a sense of urgency, a speaker at the Milken Institute Global Conference said.
May 3
