General obligation bonds

Ron DeSantis says he won’t trim or sign the 2021 state budget yet, but on Wednesday issued a statewide order limiting movement to essential services.

An obscure board authorized in 1973 and categorized as "military affairs and defense" approved Gov. Gina Raimondo's request despite questions about constitutionality.

The Illinois attorney general fires back in petitioner's effort to resurrect lawsuit that seeks to void $14.3 billion of state bonds.

Gov. Andy Beshear is calling for a 1.8% increase in state spending for fiscal 2021, a plan that relies on sin taxes and sports betting revenue.

The governor has recommended a $54.15 billion budget amid flat state revenue collections in the current fiscal year.

The state would boost spending on education under proposals from the governor and the legislature, both led by Democrats.

The governor is pushing for $3B of bonding to tackle what he called the nation’s most aggressive program for reducing risks posed by climate change.

Petitioner John Tillman Wednesday appealed the August circuit court ruling barring his taxpayer complaint challenging repayment of the bonds.

Louisianans re-elected their Democratic governor, but gave Republicans a Senate supermajority; New Orleans voters authorized $500 million of GO bonds.

Moody's Investors Service says the law is good for holders of local GO bonds, though it remains untested in bankruptcy court.

Illinois’ competitive $750 million general obligation issue proved an easy sell with tight cover bids.

Phil Murphy wants to put a $500 million bond referendum before voters to help pay for making the state’s water systems lead-free.

There are no reasonable grounds for the lawsuit to proceed, said the order from Jack D. Davis II. An appeal is planned.

The state of Tennessee and its school bond authority will be issue $350 million of highly rated new money bonds this month and next.

An Illinois circuit court judge will decide whether the case can proceed by the end of August.

Jack D. Davis II will decide by the end of the month whether to let the lawsuit challenging $14.3 billion of state debt proceed.

Nuveen and AllianceBernstein say Warlander Asset Management may be using the lawsuit to generate an "enormous profit" from credit default swaps.

The complaint that seeks to void repayment of $14.3 billion of debt awaits a court decision on whether it can move forward.

The impact of defaults by non-GO bonds was negligible to nonexistent on the ratings of GO bonds issued by the same local governments.

While the best case scenario is a court dismissal, analysts think the state would support bondholders should the case goes against them.