Investments

The RTA and its service boards are eyeing funding sources to avoid damaging service cuts and fare hikes as they exhaust federal COVID-19 pandemic relief.

Stratton Law Firm is working on a couple of high-profile municipal bond deals in Tempe and Mesa.

It's not just the "right" thing to do; it's good for business, say the Freda Johnson Award winners, Massachusetts Treasurer Deborah Goldberg and Ballard Spahr's Emilie Ninan. They discuss how diversifying the industry is key to growth and success. Lynne Funk hosts. 

The trustee for $800 million of PILOT bonds for the New Jersey shopping complex said the mall's owners were $2.6 million short for a Dec. 1 payment.

"Munis are poised to continue this rally into December as we can end 2022 on a high note and close out the worst-performing year on record for munis," said Jason Wong, vice president of municipals at AmeriVet Securities.

City officials discovered last week that an explanatory sentence required by state statute was left off the ballot. No bonds can be issued until the matter is rectified.

Texas trails only Florida for first-time payment defaults on bonds issued for senior health and living facilities for seniors since 2009, according to MMA data.

Entering into long-term leases for toll lanes in urban areas would free up transportation dollars for rural areas, said Gov. Bill Lee.

Investors will be greeted Monday with a new-issue calendar estimated at $5.893 billion.

Projected available capacity for the Permanent School Fund's bond guarantee program fell to $653 million at the end of October from $3.52 billion the previous month.

Their support of a plan of adjustment could be key to winning approval from Bankruptcy Judge Swain.

"The MTA's structural gaps remain huge and demand immediate action and a multi-party, multi-year plan" says Citizens Budget Commission President Andrew Rein.

The ruling marks the first major defeat for OTA in lawsuits seeking to derail its plan for a $5 billion, bond-financed extension project.

The mediation team asked the Oversight Board to submit delayed data and analyses by end of business on Friday.

Munis saw the best performance in November in decades, with the asset class ending in the positive by 4.68%. The MSRB reported that trading volume reached another record in November, with 1.29 million municipal trades.

Atlanta's first foray into ESG bonds was a resounding success, according to local officials who said investors welcomed the city's inaugural social bonds.

Incoming House Democratic caucus chair Pete Aguilar was a California mayor and served on the League of California Cities, bringing the kind of local experience that's considered helpful to muni market interests.

"I think it's undemocratic of major asset managers to use their power to influence societal outcomes," said Florida CFO Jimmy Patronis.

The government has reached a settlement with the estate of Jeffrey Epstein.

The current contract with the operator of the Puerto Rico Electric Power Authority's transmission and distribution system has been temporarily extended until a debt deal gets done.