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Few options that could provide enough revenue to increase transportation spending seem politically feasible, Moodys says in new report.
May 22
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The market for Florida debt is holding up in the face of a possible government shutdown, while the Chicago market is being penalized with wider spreads, higher yields, and a swell in bid-wanted lists after being downgraded to junk.
May 22
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The weekly average yield to maturity of The Bond Buyer Municipal Bond Index, which is based on 40 long-term bond prices, increased four basis points to 4.45% for the week ended May 21 from 4.41% in the previous week.
May 21 -
Congressional study says airports lack adequate infrastructure because revenues for airport expansions and improvements are limited.
May 21
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The Internal Revenue Service had raised concerns about certificates of participation sold in 2003 to finance student housing at Western Carolina University, but ultimately closed the audit with no change to the COPs tax exemption.
May 21 -
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Corvias Campus Living privately placed $548.3 million of taxable bonds for a 65-year P3 student housing pact with the University System of Georgia.
May 20
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Rep. Brian Higgins, R-N.Y. has introduced a bill that would direct the Transportation Department to establish a competitive grant program for state and local governments, as well as transit and port authorities, to help finance their infrastructure projects.
May 20
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Congressional Democrats, White House may find it difficult to end short-term HTF extensions when latest one lapses.
May 20
- Texas
The Texas Senate approved a bill already passed by the House that provides $3 billion of tuition revenue bonds for the states colleges and universities.
May 20
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Municipal credit prospects may be clouded for the next several years by underfunded pension obligations and a possible uptick in bankruptcies, according to panelists at a forum in New York.
May 20 -
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El Paso Childrens Hospital filed for Chapter 11 bankruptcy protection on May 19 after negotiations over a debt to county-owned University Medical Center fell apart, officials said.
May 19
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The House voted 387 to 35 on a bill Tuesday night that would reauthorize surface transportation programs for another two months and avoid a cutoff of federal reimbursements to states for highway and transit projects during the busy construction season.
May 19
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