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“I want to break ground next year,” Kentucky Gov. Andy Beshear said.
March 1
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North Carolina Treasurer Dale Folwell talks with The Bond Buyer's Chip Barnett about how the state's economy has remained in financially good health despite dealing with the COVID-19 pandemic as well how the state deals with troubled municipalities. As chair of the debt affordability commission, he chats about bond issuance. He also discusses the ways to reform healthcare and increase transparency. (15 minutes)
March 1
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The U.S. and European Commission moved Saturday to disconnect Russia from a global financial system.
February 28
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All markets, but particularly municipals, are in uncharted territory once again, with volatility amplified by the crisis in Ukraine and a still somewhat uncertain path for the Federal Reserve and inflation.
February 28
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A Michigan House Republican plan would direct $1.15 billion of grants to local municipal pensions that agree to abide by certain conditions.
February 28
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February volume was $26.481 billion in 594 deals versus $37.052 billion in 981 issues a year earlier, bringing total volume for the first two months of the year to $51.426 billion, or 20% less than 2021.
February 28
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The governor wants the current deal revised and to be able to participate in any mediation talks. Bond insurers, the Unsecured Creditors Committee and authority’s fuel line lenders also want to be included.
February 28
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SIFMA had argued that the SEC's temporary exemption order for municipal advisors was arbitrary and capricious.
February 28
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Federal Reserve Bank of Atlanta President Raphael Bostic said he favors raising interest rates by 25 basis points at the Federal Open Market Committee’s March meeting but would consider a larger half-point move if monthly inflation readings fail to decline from elevated levels.
February 28
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Oklahoma joins Texas, Arkansas and Louisiana in allowing utilities to float securitized bonds to recover spending on fuel price spikes during Winter Storm Uri.
February 28
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A state-by-state review of 2021 issuance in the Northeast.
February 28 -
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The new-issue calendar is $5.45 billion while 30-day visible supply sits at $11.14 billion. The largest deal of the week comes from the New York City Municipal Water Finance Authority with $793.83 million.
February 25
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The city's current trajectory could drive per-unit costs to $1 million, according to the audit by City Controller Ron Galperin.
February 25
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Lawmakers are being asked to put off a deadline to consolidate suburban Chicago and downstate police pension assets and extend the deadline for funds to reach a 90% funded ratio by 10 years.
February 25
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The board also says the bondholders' proposed deadlines for completing a restructuring are too tight.
February 25
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Fitch also affirmed the city’s AA-minus general obligation bond and issuer default ratings.
February 25
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Municipal bond issuance in the region was down 11.7% year-over-year in 2021, as new money, refunding, taxable and tax-exempt volume all slipped.
February 25
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Soaring inflation could pressure the ratings of utilities if they bring rate hikes that spark customer and political opposition, S&P Global Ratings said.
February 25
