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The growing federal debt level may pressure lawmakers to retract or reduce the tax-exemption for munis to generate revenue, some market participants argue.
April 17 -
To maintain the city's good credit rating and robust fiscal health, New York City Comptroller Brad Lander is also proposing a stronger debt management policy to make sure the city keeps its debt service below 15% of tax revenues.
March 22 -
The bond division undertook two transactions last week to retire outstanding taxable public education capital outlay and state revolving fund bonds. The transactions used $200 million in program funds, along with additional money, to pay down $400 million in state debt.
July 19 -
The fiscal 2024 budget proposal leans on federal funds, better-than-expected tax collections, and a drawdown on reserves to bankroll a wide array of capital work and a boost to state employee salaries.
June 16 -
The bipartisan legislation offers hopes for other municipal bond industry priorities.
June 1 -
The Treasury Department's Bureau of Fiscal Service has suspended the sales of State and Local Government Series securities in efforts to avoid defaulting on the debt limit.
May 2 -
The state's benchmark debt ratio for debt service to revenue is at 3.78% — well below a 6% target and 7% limit.
December 21 -
A Reason Foundation study found K-12 debt steadily rising since 2014.
August 19 -
The nation's second most populous state plans to expand debt issuance despite the continuing pandemic.
December 27 -
The $2.5 trillion increase is expected to get the U.S. through 2023.
December 15