Investments

The Big Apple should be prepared to weather a big downturn, so the City Council is urging the mayor to put additional reserves into his budget proposal.

A New Jersey lawmaker is seeking to cancel the state’s $3.2 billion tobacco refunding bond deal, saying the transaction was unconstitutional.

The old saw that rising rates are bad for bonds may not really be the case, one new report says.

Nearly 60% of Los Angeles County's $30.8 billion budget for fiscal 2019 will go for health and public assistance programs.

Failure at the ballot may require Omaha Public Schools to lean more on its general fund dollars for repairs needed to keep schools fully operational.

The Branson Airport settlement resolves bond claims and provides cash operators say is needed to stay afloat.

Ground rules and a scope of work were set for the new Ector County Independent School District Bond Advisory Committee that met Monday in the George H.W. Bush New Tech Odessa cafeteria.

Illinois lawmakers returned to work this week with less than two months to settle on a budget.

Despite the previous technical difficulties of supply and demand, municipals are poised for a potentially stronger second quarter, according to Jeffrey Lipton, managing director of credit research at Oppenheimer & Co.

Restructuring expert Michael Imber of EisnerAmper explains how in-kind real-estate asset contributions could curb the state's steep unfunded liability. Paul Burton and Chip Barnett host.

The MSRB said the paper was prompted in part by the tax law's prohibition on advance refundings and the fact that interest rate swap rules intersect with the board's rules for municipal advisors.

Though the legal setback is "harmful" to the Chicago Park District's plan to increase pension funding, it doesn't cause a budgetary crisis, S&P said.

Traders and muni professionals said it was a typical light Monday in the municipal market — with favorable market technicals mixed with some underlying concern on the political front.

People involved in the $3.5 billion sale received notices that there would be no enforcement action.

Morgan Stanley will run the books on several negotiated deals that are part of about $360 million in local government borrowing planned.

The Legislature's budget failed to provide debt service on some bonds, decimated reserves, and lacked full funding for core services, Gov. Matt Bevin said.

San Diego's regional transportation agency agreed to pay legal fees ending a long-running legal battle with environmental groups.

Monticello school district residents rejected a $110 million plan to overhaul the district's schools in a referendum on Thursday.

Retail buyers of municipal bonds got first shot at New York City’s big general obligation bond sale on Monday.

Clark County, Nev.’s $648 million Las Vegas stadium bond deal for the NFL’s Raiders is the first since Congress toyed with the idea last year of eliminating the tax-exemption for sports facilities.