Investments

S&P Global Ratings dropped Western Illinois University two notches to BBB-minus, citing the state's prolonged budget mess.

Detroit, already facing headwinds with its first post-bankruptcy general obligation/distributable state aid backed sale, could suffer some spill due to the state’s disruption of a similar security on some of Detroit Public Schools' bonds, one municipal market participant suggested.

Transit providers in 13 states will share $55 million in federal smog-busting bus grants.

Abstract Municipal issuer, education and utility groups are urging Republican lawmakers to maintain the tax-exemption of municipal bonds in their blueprint for tax reform.

PHILADELPHIA — After the presidential election, the United States may see a "golden moment" to push for increased federal and state spending to fix America's crumbling infrastructure, according to Democratic mayors speaking a policy meeting at Philadelphia on Tuesday.

Strong municipal performance, supply scarcity, and seasonal factors will draw retail investors to New York City's $860 million general obligation sale.

CONNECTICUT

ARKANSAS

Lackluster investment returns reported by some of the nation's largest public pension funds signal intensifying fiscal pressure on U.S. state and local governments, Moody's Investment Service said Tuesday.

Americans favor funding transportation with an increase in the federal gasoline tax dedicated to maintenance.

MASSACHUSETTS

MISSOURI

Chicago isn’t on the “brink” of a financial collapse that could drive a default or bankruptcy but its pension fixes to date fall far short of stabilizing the city’s fiscal foundation, an analyst said.

Four Ohio Congressmen are concerned that the Internal Revenue Service and Treasury Department's proposed definition of a political subdivision could impede a $35 million terminal improvement project for one of the state's regional airports.

Gas tax collections dedicated to highway projects are expected to drop as cars become more fuel-efficient.

ARKANSAS

MARYLAND

Some U.S. seaport ratings may change over next year but Fitch Ratings expects a mostly stable sector.

The Vermont State College (VSC) Board of Trustees approved a concept Thursday proposed by Chancellor Jeb Spaulding that would unify Johnson State College and Lyndon State College under one administration

The University of California, Merced, received final approval from the UC Board of Regents to move forward with a $1.1 billion public-private partnership.