Investments

NORTH DAKOTA

ALABAMA

State officials say a 45% road funding shortfall will cripple Minnesota’s highway expansion plans by 2018.

Two House Republicans presented a committee with their legislative proposals to reform or abolish the federal income tax system, sparking concerns from some members of the municipal bond community.

INDIANA

ALABAMA

For the 28th week in a row, municipal bond funds reported inflows, according to Lipper data released Thursday.

The weekly average yield to maturity of The Bond Buyer Municipal Bond Index, which is based on 40 long-term bond prices, dropped four basis points to 3.94% from 3.98% in the previous week.

With Illinois’ public higher education schools facing downgrades and accreditation risks, Gov. Bruce Rauner and the legislature’s Democratic majority remain at loggerheads over how to free up their funding amid the ongoing budget impasse.

The long-stalled bipartisan energy modernization bill is expected to move forward in the Senate without an amendment that would have provided Flint, Mich. with $220 million to address its ongoing water crisis.

Members of a House panel rebuffed a request from WMATA for $300 million per year of additional federal funding.

A spike in the SIFMA municipal swap index is making the short-end of the municipal bond yield curve unusually attractive.

New Jersey Senate President Steve Sweeney, D-Gloucester, floated an alternative proposal aimed at saving Atlantic City from insolvency that sets additional benchmarks for the distressed gambling hub before his previously-proposed state intervention would take effect.

CALIFORNIA

ARKANSAS

Upgrading San Francisco’s vulnerable northern seawall to protect against earthquakes and rising sea level could cost $5 billion.

The National Association of Bond Lawyers is calling for the Internal Revenue Service and Treasury Department to revise and re-propose rules that would determine when entities are political subdivisions that can issue tax-exempt bonds.

CALIFORNIA

ALASKA

Maryland legislators have overridden Gov. Larry Hogan’s veto of a bill requiring ranking of transportation projects.