Investments

When Placer County, Calif., tried to raise sales taxes last fall for freeway expansions in the booming suburbs of Roseville and Rocklin, voters in the more rural parts of the county defeated the measure.

Municipal bond traders are girding for more volume on Wednesday, with the institutional pricing of the New York City Transitional Finance Authority deal leading the pack.

Pricing wires for competitive bond offerings

Detroit approved $34.5 million in borrowing to finance the Detroit Pistons' move back to the city.

New York City’s actual pension liability stands at $142 billion according to the Manhattan Institute.

Gov. Andrew Cuomo advanced legislation to give New York State majority control of the Metropolitan Transportation Authority.

Texas lawmakers did well on transportation spending but less so on Medicaid funding, according to S&P.

A Hawaii special session was called to close the Honolulu rail transit funding shortfall.

Municipal bonds ended steady on Tuesday as billions of dollars in new supply hit traders' screens, led by competitive bond deals from the states of Georgia and Massachusetts and Chicago's O'Hare airport.

Debt service on Illinois bonds “will not be delayed or diminished,” the comptroller said.

Puerto Rico’s employment indicators were mixed in May compared to April and to May 2016.

San Francisco's largest-ever COP sale funds an expansion of the city's convention center.

The West Virginia Legislature adjourned after passing another budget that defied the governor's wishes.

The municipal bond market saw billions in new supply hit the screens on Tuesday, led by big competitive bond deals from the states of Georgia and Massachusetts and a competitive note sale from a New York issuer. Municipal bond prices were steady in quiet trading at mid-session.

New York State tax revenue is below projections in the new fiscal year after a sluggish May.

A Katy ISD, Texas, committee has finished crafting a bond referendum proposal worth about $609.2 million that will soon be presented to the district's board of trustees to be approved for a place on the ballot of November's elections.

Former New York State Assemblyman Jerry Kremer visits The Bond Buyer and shares insight from his days as a lawmaker clashing with former Gov. Mario Cuomo and how a new free college tuition program spearheaded by current Gov. Andrew Cuomo will impact higher education. Hosted by Andrew Coen.

The Treasury Department Tuesday auctioned $20 billion of 364-day bills at a 1.215% high yield, a price of 98.771500.

The Treasury Department Tuesday auctioned $35 billion of four-week bills at a 0.850% high yield, a price of 99.933889.

As we await details on the president’s infrastructure program, the best approach is to study up on the alternatives -- and be patient.