Coronavirus

The Manhattan cultural organization's credit rating may not suffer after it cancelled its 2020-21 season because of employee cost savings from furloughs and contract adjustments, analysts said.

Legislation signed into law Thursday keeps the government open and federal transportation funding flowing.

Kim Olsan, senior vice president at FHN Financial talks with The Bond Buyer's Lynne Funk about trading the municipal market in the COVID era. Olsan trades the short- and intermediate but she has some thoughts about high-yield and taxables as well. (36 minutes)

New revenue from a graduated tax without an accompanying long-term plan to tackle the state's fiscal woes won't solve them, the Civic Committee of the Commercial Club of Chicago warns.

The municipal market's volume registered its fourth consecutive month of greater-than-$40 billion and the largest on record total for the month of September.

The nation's largest not-for-profit healthcare system by acute care revenues is evaluating a fourth quarter sale.

The U.S. labor market is slowing after an initial strong rebound from the coronavirus-induced downturn and policymakers will be challenged to engineer a full recovery in employment, Federal Reserve Bank of Richmond President Thomas Barkin said.

Bond restructurings are expected to save Virginia's public colleges and universities $300 million by deferring debt service payments for two years.

A larger green bond market will help the municipal market and state and local governments.

In a federal complaint, they accuse the fund manager of increasing risky bets while the market was imploding from the coronavirus pandemic.

Atlanta airport bonds and a Puerto Rico housing issuer were some new offerings of note on Tuesday.

New Jersey's $32.7 billion budget for its shortened nine-month fiscal 2021 includes the state's largest reserve levels in more than a decade as a backstop for revenue hits that may result from a possible second wave of coronavirus.

“What purpose do reserves serve if we don't utilize them in times when you have a problem?” one alderman asked.

The package includes $436 billion for state and local governments, $225 billion for education, $32 billion for transit emergency relief, and $13.5 billion for airports.

East Providence Mayor Bob DaSilva and Planning Director Bill Fazioli tout the Rhode Island city's initiatives, including brownfield site conversions. Paul Burton hosts. (18 minutes)

Even with revised estimates amid the pandemic, year-over-year revenue collections in Florida were down 4.6% in August compared with 2019.

The North Texas Tollway Authority's $758.3 million refunding will provides short-term principal relief after the coronavirus caused lost toll revenue.

Chicago's $1.2 billion airport refunding will smooth out fiscal operations through next year amid a massive decline in airline travel.

Michigan avoided deep cuts for fiscal 2021 but is still lobbying for federal relief to make up for coronavirus-driven tax losses as a fiscal 2022 gap looms.

Florida State University's voluntary disclosure on lower dormitory occupancy is an example of providing timely information, Moody's Investors Service said.