Munis

Bloomfield Township it cutting its budget after voters rejected a tax levee that was to help it meet its $161 million in unfunded liabilities.

The state of Tennessee and its school bond authority will be issue $350 million of highly rated new money bonds this month and next.

Muni professionals’ knee-jerk response is that the phrase is clear, until they attempt to explain it. And then they realize that it is nonsensical.

The last full trading week ahead of the Labor Day holiday will see a variety of credits come to market.

The new money piece of the $77 million deal will cover the county's obligations under its lease agreement with the Cleveland's NBA franchise.

Late last week FINRA sent out a notice reminding its members to register as MAs if they engage in investment-related activity with their clients.

Houston issued bonds in the negotiated sector, while Long Beach competitively sold two issues.

The bonds sold for Paradise, the town nearly leveled by a 2018 fire, remain at speculative grade.

A bond insurer and bondholders may file complaints in the Miami-Dade County Expressway Authority's lawsuit challenging a state law abolishing the authority.

Janicik helped build Mayer Brown's regulatory, government relations, public law and municipal finance practices; he's remembered for integrity and generosity.

The Lone Star State sold $8 billion of notes to buyers with an endless appetite for short-term muni paper.

Winne Banta Basralian & Kahn hired Frank Scangarella, who helped shape the direction of the New Jersey Infrastructure Bank.

The Illinois Sports Facilities Authority received a two-notch S&P Global Ratings upgrade to BBB.

Two Virgin Trains USA deals from Florida helped push the region's volume up 9.8% over last year, making it one of only two regions to sell more bonds.

Eric Gertler was nominated to succeed Buffalo developer Howard Zemsky as leader of New York State’s lead economic development agency.

Issuers and non-dealer muni advisors support the existing prohibition, while dealers asked the MSRB to provide some flexibility.

Municipal bond issuers in the Midwest recorded a healthy year-over-year volume gain, in contrast to flat nationwide numbers.

State Rep. Jonathan Steinberg and EisnerAmper's Michael Imber discuss the recommendations of the Connecticut Pension Sustainability Commission, including asset transfers. Paul Burton hosts.

The state intends to implement a working group that will develop a long-term solution for Benton Harbor Area Schools.

Moody's upgraded the Lincoln-Way district, saying it has effected a fiscal turnaround after the management woes and investigations that sent it to junk in 2016.