Munis

The audit concluded a year and one day after the sports authority received a letter dated April 4, 2018, informing it that the tax-exempt status of the bonds was being examined.

The court shouldn't accept banker Peter Cannava's "narrow and cramped view of materiality,” the SEC urged.

A higher state sales tax would be used to help fund public schools, in connection with a cap on local property taxes.

S&P Global Ratings downgraded the University of Connecticut to A-plus from AA-minus.

The hospital system will sell $250 million of bonds using the Michigan Finance Authority as conduit.

The top muni bond counsel firms accounted for $74.79 billion in 1,783 transactions in the first quarter of 2019, up from $61.46 billion in 1,655 deals a year earlier. Although overall business was up, most of the top firms didn't quite achieve higher totals than they had during the same time last year.

PFM, Acacia and Piper move up in FA rankings, as deal volume handled by the top firms rose 18.6% from last year's depressed level to $64.32 billion.

Municipal bond insurers are running close to last year's clip through the first three months of 2019, as the two active insurers wrapped $3.61 billion in 288 transactions. That compares with $3.61 billion 257 deals during the same period last year. The insurance penetration rate dipped to 4.8% from 5.9% at the end of the first quarter of last year.

The top muni underwriters counsel rankings were all shaken up, as business spiked to $48.69 billion from $41.94 billion at this point last year.

The New York and New Jersey bi-state agency in announced that electronic tolls will roll out on two more bridges this year.

Westinghouse, the former contractor for the utility’s failed nuclear reactor project, filed a lawsuit to recover property it says the state-owned utility is withholding.

The New England law firm added the former Massachusetts gubernatorial candidate as it seeks to boost its regional public finance footprint.

Voter approval rates this year for Wisconsin school district fiscal referendums fell short of last year’s record levels.

Bankers, lobbyists, issuers and lawyers aren't necessarily optimistic on an infrastructure bill passing this year.

Municipal supply will slip in the holiday-shortened trading week, but that doesn't mean there won't be things to watch for in the market.

Four California and Chicago school districts are among issuers to earn negative outlooks in Fitch revisions after a ruling in Puerto Rico's bankruptcy.

The number of states aiding school districts with pension costs is expected to grow as pension burdens escalate.

Retail investors got first shot at California’s $2 billion GO deal Wednesday.

Cleveland Clinic will be pricing $930 million of bonds and roughly half of the structure will be variable rate debt that the clinic hopes will lower its costs.

A fourth audit in two months fuels the perception that the IRS has launched an enforcement initiative involving the island territory.