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Standard & Poor's slashed Hercules, Calif.'s revenue bonds five notches, partly as a result of bankruptcy statements by city officials.
February 7 -
Jefferson County, Ala., said it has not used sewer system revenues for unauthorized expenses as alleged by the trustee for the county's $3.14 billion of defaulted sewer warrants.
February 7 -
Harrisburg's receiver said that recovery for Pennsylvania's capital city starts with finding out how much cash upfront it can get for its assets.
February 6 -
BRADENTON, Fla. — The Bank of New York Mellon on Friday filed a complaint for declaratory judgment alleging that Jefferson County, Ala., has misused sewer system revenues that otherwise would go to pay debt service.
February 6 -
Milwaukee County Supervisor Johnny L. Thomas Jr. has suspended his campaign for Milwaukee city comptroller after criminal charges were filed against him for accepting a bribe during a sting operation in exchange for advancing a financial advisory contract.
February 3 -
Municipal bond insurer Assured Guaranty Municipal Corp. sued UBS Real Estate Securities Inc. Thursday.
February 3 -
CHICAGO — A Michigan film studio has defaulted on its Feb. 1 payment on $18 million of privately placed tax-exempt bonds, forcing the state pension plans, which back the debt, to make the payment.
February 3 -
Providence Mayor Angel Taveras warned that the Rhode Island capital will run out of money in June without a reduction in pension obligations and larger contributions from tax-exempt institutions such as Brown University.
February 3 -
State-appointed receiver David Unkovic’s long-awaited financial plan for the struggling city of Harrisburg, Pa., is due Monday.
February 3 -
BRADENTON, Fla. — Syncora Guarantee Inc. on Thursday joined a dozen creditors seeking to appeal various rulings by the federal judge in Alabama overseeing Jefferson County's bankruptcy case.
February 2 -
Ambac Assurance Corp. has filed a lawsuit against Hercules, Calif., after the city's redevelopment agency defaulted on a debt service payment.
February 2 -
The attorney for the Harrisburg, Pa., City Council said he might appeal the latest federal rejection of its Chapter 9 bankruptcy petition.
February 2 -
Houston Astros owner James Crane won part of his request for federal bankruptcy Judge Thomas Bennett to limit Jefferson County, Ala.’s access to his lawsuit against JPMorgan.
February 1 -
Providence may appeal a Rhode Island Superior Court ruling Monday that for now stops it from switching police and fire retirees to Medicare after they turn 65.
January 31 -
Robert Shepard has resigned as the governor-appointed director of the North Texas Tollway Authority’s board. Shepard’s resignation comes as the board faces a probe into it past business practices by the Federal Bureau of Investigation, but his departure is said not to be related to that inquiry.
January 30 -
The effort by the Kansas City suburb of Mission to tax residents for roadwork is illegal and cannot be collected, Attorney General Derek Schmidt said last week in a non-binding opinion.
January 30 -
Trustees of National Park Community College last week postponed an April property tax election until its bond counsel can determine if the revenue can be used for capital improvements.
January 30 -
Capital city Harrisburg’s incinerator debt crisis is on the radar of federal investigators, the Patriot-News reported.
January 27 -
A ruling by a New Jersey tax court that the Red Bull Arena soccer stadium in Harrison is a taxable property is a credit positive for that community, Moody’s Investors Service said.
January 27 -
JPMorgan and Houston Astros owner James Crane are fighting an Alabama bankruptcy judge's order to open Crane's confidential settlement with the bank over $35 million of Jefferson County's defaulted auction-rate sewer warrants.
January 26
