Government finance

The Securities and Exchange Commission wll work with the market to change secondary disclosure habits without a mandate, issuers and analysts said.

The Financial Accounting Foundation abandoned its tradition of selecting a state auditor to chair the Governmental Accounting Standards Board.

The winner is Christian Beltran, a student at the University of Southern California’s Sol Price School of Public Policy.

In a working paper paper released by the Volcker Alliance on Wednesday, researchers said states need to do a better job of disclosing their infrastructure needs.

If the proposal is approved, the timing of issuers' annual financial disclosures would be prominently displayed as soon as the beginning of 2020.

At an SEC Fixed Income Market Structure Committee meeting on Monday, participants suggested giving out awards to incentivize issuers to submit timely financial information.

Both women will be honored as part of The Bond Buyer's Deal of the Year gala on Dec. 4 in New York City.

Issuers will be looking to see what Securities and Exchange Commission Chair Jay Clayton says about disclosure.

Vice President, Manager of Municipal Underwriting, Fidelity Capital Markets

As a result of the March 23 appellate court ruling, Fitch announced on April 11 it has put seven bond issuances on negative ratings watch.

Issuers and non-dealer muni advisors support the existing prohibition, while dealers asked the MSRB to provide some flexibility.

The revision gives local governments an extra nine months to make changes under a new rule involving the treatment of leases.

GFOA is putting together a working group to address concerns about continuing disclosure in the municipal market, a topic increasingly discussed among stakeholders.

GASB Statement 91 calls for conduit issuers to stop reporting conduit debt in their financial statements and to report all of it in their accompanying notes starting Dec. 15, 2020.

Steven Gibson became president last year and is the deputy city manager in Rock Hill, South Carolina.

GFOA members also will elect five new members-at-large.

Lower gas prices, remote working, easy driving and new competition from ride-share companies are taking slices of the pie.

The Senate on Wednesday debated a $13.45 billion disaster aid bill that would require Puerto Rico to assume a local share of additional FEMA aid rather than the 100% federal share in a bill passed by the House.

Blockchain could benefit the muni market, but receives pushback in an industry historically slow to change.

Trump proposed $8.5 billion in cuts to the Department of Education and another $8.6 billion to the Department of Housing and Urban Development which would bring financial upheaval to school district budgets and public housing authorities.