Bankruptcy

Senior holders of Puerto Rico Sales Tax Financing Corp. (COFINA) bonds filed a motion Wednesday to become involved in a court case that pits their interests against those of the commonwealth’s general obligation bond holders.

Atlantic City is planning to issue $72 million in bonds to pay for its tax settlement with the Borgata casino.

Facing the loss of millions in federal funds, the Miami-Dade County Commission voted to comply with immigration authorities' orders to hold jailed undocumented inmates regardless of the cost to the county budget.

A court ruling momentarily halting New Jersey from cutting Atlantic City’s firefighter workforce as part of its state takeover is a credit negative for the cash-strapped city, according to Moody’s Investors Service.

A member of the Puerto Rico House of Representatives asked U.S. Attorney General Jeff Sessions to change a planned referendum on Puerto Rico’s status.

Atlantic City's tax settlement with the Borgata Hotel should help the distressed city move forward to deal with its other fiscal challenges, analysts said.

A recent New Jersey Supreme Court decision rejecting a school funding freeze proposed by Gov. Chris Christie for 31 mostly low-income districts is a credit positive for the impacted localities, according to Moody’s Investors Service.

The Chicago Board of Education and a group of parents sued Gov. Bruce Rauner and the Illinois Board of Education, charging that the state’s funding system discriminates against its mostly minority student population.

A county judge heard opposing motions as a Scranton, Pa., taxpayer group looks to stop the distressed city from tripling its local services tax.

The first legal action challenging New Jersey’s takeover of Atlantic City finances will be decided at the local level after a federal judge sent the case back to Atlantic County Superior Court.