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A California authority and a high school district said this week that they are prepared to file a protest and appeal of an expected Internal Revenue Service proposed adverse determination that $25.4 million of tax-exempt variable rate demand bonds are taxable.
May 10 -
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The Port of Oakland said today that containerized export volume increased 7% last month from a year ago, the fourth consecutive month of increases.
May 9 -
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Bipartisan groups of House and Senate lawmakers are urging the Treasury Department and Internal Revenue Service to ease barriers that prevent nonprofit lenders from using tax-exempt bonds to refinance student loans.
May 6
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Colorado Senate has approved a $3.5 billion road note package that could go to voters in November.
May 6
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Infrastructure financing and tax reform will be major issues for presidential and other candidates in November, said municipal market participants.
May 6
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For the 31st week in a row, municipal bond funds reported inflows, according to Lipper data released Thursday. Weekly reporting funds saw $709.727 million of inflows in the week ended May 4, after inflows of $1.173 billion in the previous week, Lipper said.
May 5
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In the week ended May 5, the weekly average yield to maturity of the Bond Buyer Municipal Bond Index fell three basis points to 3.93% from 3.96% in the previous week. The BB40 Index is based on the price of 40 long-term bonds.
May 5 -
Two rating agencies flagged North Carolinas implementation of House Bill 2 in upcoming bond offerings amid a national controversy over the law seen by some as discriminatory towards the LGBT community.
May 5
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A one-day strike by the faculty of the San Francisco Community College District is a bad sign because it shows a strong resistance to the districts efforts to balance its books, Moodys Investors Service said Thursday.
May 5 -
Developers of a proposed $12 billion Houston-Dallas bullet train want federal regulators to affirm their oversight of project.
May 5
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Longtime municipal credit analyst Richard Larkin has joined Stoever Glass & Co. as director of municipal credit analysis for the 50-year-old Wall Street firm that specializes in municipal bonds for individuals and families and is expanding its operations South.
May 4
