Investments

Chicago says its met its obligations under the state pension code; all four of its pension funds have filed shortfall claims with the state.

Municipal traders and managers said the tax-exempt market’s early strength translated into weakness before the end of trading — due to taxable and overseas influences.

The Clearwater Cay Community Development District’s bondholders and trustee say the required approval from the governor wasn’t obtained.

Internal Revenue Service enforcement officials told NABL workshop attendees the service is hiring five new revenue agents, up from the current 20, and two additional tax law specialists.

Some of the solutions contemplated to bring the investor-owned utility out of bankruptcy involve tapping the municipal bond market.

“The City of Harvey, through no fault of Comer’s and unrelated to Comer’s fiduciary obligations, tainted the district’s offering,” according to the defense.

IFA is restating its current bond trust indenture as it finalizes a drawdown loan of up to $436 million provided under WIFIA.

Accusations that the university violated a moral obligation in connection with bonds for a student housing P3 are false and defamatory, its attorney says.

Los Angeles and Broward County deals were offered while some say the municipal market feels "heavy" and in retreat.

Opponents of the $700 million adopted budget say $2.5 million of spending choices may begin a slide back to Chapter 9.

Lawyers say relations between the governor and the Oversight Board have improved with the new governor.

Expanded access to lower-cost borrowing is a credit positive for the charter school sector, according to Moody’s investors Service.

PHC not seeking financial damages, instead wants permanent injunction to cease alleged conduct.

Moody's Investors Service dropped Fairfield Medical Center to Ba2 from Baa3.

The county in concert with New York State wants to tackle a longstanding nitrogen pollution problem near the Jones Beach coastline.

Two contracts worth $1.8 billion were improperly awarded to Cobra for its work restoring electricity, the U.S. Attorney's office said.

It was a big day for the municipal bond market as billions of dollars of new deals hit the screens.

Rich Moore takes over the top spot at NABL during the first day of a three-day annual conference in Chicago.

The commission's $300 million sale for bridge work will be its first new money issue since 2010 as it struggles to fund its road and bridge network.

While blowing off steam about the entrenched, investor-owned utility is popular, executing such a major change would be complicated.