Investments

As Congress prepares work on an infrastructure package, the transportation secretary endorsed private funding through pensions and endowment funds.

Chicago and Illinois poured more than $1 billion of their high-yielding, low-investment-grade rated GO paper into the market on the same day.

Ahmed Abonamah, a senior counsel to the director in the SEC’s Office of Municipal Securities, told the National Muni Bond Summit SEC Chair Jay Clayton has concerns about the timeliness of issuers’ financial information disclosure.

1st Circuit judges upheld the bankruptcy court's ruling that payment of special revenue bonds is voluntary.

If an infrastructure bill is to happen local leaders will have to be "squarely in the middle of it," Columbia, S.C. Mayor and U.S. Conference of Mayors president Stephen Benjamin said at the National Muni Bond Summit.

Its $1.5 billion unrated deal will be sold to qualified institutional buyers to finance Florida’s privately owned passenger train project.

The lawsuit filed in federal court is now the second national suit alleging fraud in the variable-rate debt market.

Deals from the NYC TFA, Chicago, Illinois, California, Maryland and Miami-Dade County help satisfy demand.

After building a client base among Arizona cities and taxing districts at Gust Rosenfeld, Zachary Sakas is looking for new opportunities at Sherman & Howard.

Jason Dudich will join the University of Indianapolis at the end of May as vice president, chief financial officer and treasurer.

Airport officials want an increased Passenger Facility Charge to pay back bonds, and say federal funding isn’t enough to pay for upgrades.

Private placements and direct bank loans allow more direct investor communication for issuers of all stripes, advocates say.

Mid-size issuers may be experiencing the greatest impact, with one municipality even reporting that an underwriter withdrew a bid over a disclosure requirement.

Platte County wants a court to confirm its decision to walk away from an appropriation pledge.

FEMA denied California reimbursement for a portion of Oroville Dam repairs, saying the state failed to maintain it.

Muni rates and ratios have benefited from macro themes driving rates lower, according to a report released Monday.

As the board wrangles with local officials over the budget, neither the federal courts nor the executive branch have taken action to address a legal challenge to its authority.

The pinch comes from shrinking enrollment, rising tuition, falling state support and new barriers to international students.

Investors will see municipal bonds of all stripes and shapes hit the market this week, with high-grades and high-yields competing with tax-exempt and taxable, all pricing into a declining yield environment amid recession worries.

Neighbors, who specializes in P3s, is a partner in the firm’s Atlanta office.