Investments

Extending a temporary sales tax to keep Arkansas roads in good shape preferred by voters in new statewide funding study.

The recently enacted National Defense Authorization Act is a credit positive for privatized military housing project bonds, Moody’s Investors Service said in a comment released on Friday.

Fund managers' reaction to a possible repeal ranged from cautious to opportunistic, as President-elect Trump and lawmakers say they plan to transition to a new health care program.

The University of Connecticut intends to sell $335 million in GO bonds to fund capital projects that include relocating its Greater Hartford campus.

CALIFORNIA

COLORADO

The weekly average yield to maturity of The Bond Buyer Municipal Bond Index, which is based on 40 long-term bond prices, decreased three basis points to 4.25% from 4.28% from the previous week.

The University of Michigan heads into the New Year with a triple-A rated $450 million general revenue bond deal.

Indiana GOP House leaders offer $1.2 billion per year road funding plan fueled by gas tax hike.

The Illinois Institute of Technology is at risk of losing its investment grade rating after a negative outlook revision.

INDIANA

RHODE ISLAND

A Texas court will determine if a proposed high-speed rail line can use eminent domain to survey and acquire land.

The U.S. Department of Transportation told a Florida congressman who made inquiries about All Aboard Florida’s financing that it “does not evaluate ridership, revenue, or creditworthiness” for private activity bond allocations.

NEW JERSEY

Sen. Chuck Schumer, D-N.Y., said Tuesday in his inaugural speech as Senate Minority Leader that he hopes for more direct spending in President-elect Donald Trump's proposed $1 trillion infrastructure plan.

Public utilities have the rate-setting flexibility to handle an 11% drop in demand for electricity through 2040, according to Fitch Ratings.

Wisconsin could net up to $41 billion of new road revenue by 2050 with tolls on its interstate highways.

While most muni market participants agree that 2017 could be the year of comprehensive tax reform, they have mixed views on whether the muni exemption is safe under the tax proposals of President-Elect Donald Trump and House Republicans.

The University of Pittsburgh intends to sell roughly $525 million of Series 2017A taxable university refunding bonds.