Investments

The Oversight Board is close to the governor on debt even as they publicly disagree over austerity policies.

The city’s ability to sustain strong reserves will be a key credit factor going forward, S&P Global Ratings said.

New Jersey Transit faces a December deadline to install positive train control.

Munis followed Treasurys after the Federal Reserve left interest rates unchanged and tweaked its statement on inflation.

Floyd County locked up public support to replace its inferior jail.

Bills on Gov. Nathan Deal's desk would allow creation of a new city of Eagle's Landing at the expense of the existing city of Stockbridge.

The Texas city's "Trinity River Vision" requires voter approval of $250 million of flood-control bonds.

Aid to Hartford, in light of Connecticut’s assumption of city GO debt over 20 years, has become a lightning rod.

Caution is the watchword in the municipal market on Wednesday as participants await details of the Federal Reserve's monetary policy meeting.

Voters in Aiken County and part of Saluda County approved Tuesday the $90 million Aiken County Public School District's bond to help pay for expansions, additions and security enhancements at four existing schools and to build two new schools.

The district sold $206 million of general obligation bonds in April, including a taxable refunding deal.

Fitch and S&P's affirmation of Milwaukee's double-A ratings comes after Moody's cut the city.

County commissioners asked Gov. Greg Abbott for permission to schedule an election for a flood-prevention bond proposal on Aug. 25.

The tax and omnibus spending bills offer little relief for state and local infrastructure.

Municipal bonds were mixed in late trading on Tuesday as several large deals hit the screens, led by issuers in New York and Maryland.

The Garden State's pension burden will remain a heavy credit weakness for the foreseeable future, according to S&P Global Ratings.

The timing of federal grants is an issue because that funding was used as a basis by the U.S. Transportation Department to authorize the use of tax-exempt PABs by the private owner for financing the proposed rail line between Miami and Orlando.

City Council gave approval to Mayor Frank Jackson's administration to borrow more than $156 million for capital improvements, including a new police station and equipment to make Cleveland's streets safer.

Detroit's financial progress since its 2014 exit from Chapter 9 still leaves the city with debt, pension and economic development challenges.

Tax resources are about one-third higher than a decade ago, while pension actuarially determined contributions are up 74%, a Fitch report shows.