Investments

NEWBERRY COUNTY, S.C. -- During a specially called meeting on Wednesday, Newberry County Council approved a resolution and had first reading of an ordinance that will allow Newberry County Memorial Hospital to refinance some of its existing debt.

On the heels of a late 2016 credit upgrade, Hofstra University on Long Island is planning $61 million of bonding this year for a new academic building and refinancing old debt.

Ohio’s $7.8 billion budget is awaiting action by Gov. John Kasich after legislative passage last week.

CALIFORNIA

ARIZONA

The Schenectady County Legislature will vote next month on authorizing up to $70 million in bonds for Union College's new Science and Engineering Center, the largest project in the school's history.

Construction continues on new nuclear power plants in Georgia and South Carolina after the Westinghouse bankruptcy, but the Chapter 11 filing raises concerns for investors in the units, including public power utilities who issued billions in municipal debt.

In the week ended March 30, the weekly average yield to maturity of the Bond Buyer Municipal Bond Index fell five basis points to 4.22% from 4.27% the previous week. The BB40 Index is based on the price of 40 long-term bonds.

Trump's $1 trillion infrastructure plan will be structured to attract private investors, Transportation Secretary Elaine Chao said.

Now that health care is taking a back seat to tax reform in the Trump administration, municipal portfolio managers are maintaining their investment strategies while bracing for changes on overall market demand and other technicals.

ARKANSAS

ALABAMA

Texas highway commissioners have added 230 projects costing $9 billion to the state’s 10-year road plan.

Atlantic City's redevelopment effort appears to be gathering momentum following a "lost decade" that featured the closing of five casinos, a housing crisis and major recession, according to a new bi-annual report released Tuesday by the South Jersey Economic Review.

City Colleges of Chicago took a fresh rating hit this week over strains posed by the state’s prolonged budget impasse.

All Aboard Florida is assuring supporters of the private passenger train project that it will move forward despite the sales of its owner and an affiliate and pending legislation that the company says could jeopardize expansion plans.

A $217.7 billion budget that would require more local revenue for school funding won unanimous approval from the Texas Senate. The budget must now be reconciled with the House version.

Westinghouse Electric filed for Chapter 11 bankruptcy, raising more questions about the prospects of two under construction nuclear units in the southeast that were partly financed with municipal bonds.

ALASKA

ALABAMA