Munis

The municipal bond market this week will keep an eye on the building new issue calendar as traders wait for the U.S. Senate to vote on a tax reform proposal which could come as early as Thursday.

The rush to market is set to begin as the municipal bond market will see a hefty new issue slate for the upcoming week at a time of year when it is usually rather sleepy.

The Natchez-Adams School Board took steps toward borrowing $34 million.

The Joplin School Board saved almost $3 million by refinancing bonds.

Contract saves the city about $9 million by locking in a more favorable rate with Great Lakes Water Authority.

Regional consolidation would boost business investments and fend off needless duplication and competition, a fiscal watchdog said.

Halting tax-exempt advance refundings at the end of the year, as proposed by both pending tax bills, would increase issuers’ costs, deprive them of savings for new projects, and push some to enter into swaps that could increase their risk.

The land swap is one of the obstacles that must be cleared to build Wayne County a new jail at a new site.

Tom Enright and Rick Hursh are managing directors of the firm’s new capital markets office in Indianapolis.

The board approved a resolution and proclamation of a school bond election in 2018, which will ask voters to approve general obligation bonds up to $10 million.

Pasco School District officials will have to wait on the edge of their seats a little longer to learn the fate of a $99.5 million bond.

The California Debt Limit Allocation Committee wants to allocate $900 million in remaining private activity bond capacity.

As the political gears churn, issuers and borrowers should huddle with legal counsel and financial advisors to consider the possibility of worst-case scenarios in which some or all of the proposed tax reform legislation is enacted.

The impact of tax reform is on the minds of all participants in the municipal bond market. The Bond Buyer’s Washington Bureau Chief Lynn Hume joins Contributing Editor John Hallacy in breaking down what the House and Senate plans will mean for state and local governments as well as the effect it will have on underwriters and dealers, bond counsel and financial advisors. Hosted by Chip Barnett.

The council said the delay to Nov. 27 would buy more time for newly elected council members to weigh in on an amended version of a 30-year deal with Great Lakes Water Authority.

If the debate leading up to a Wessington Springs School District bond election is any indication, residents can expect a close race when polls close Nov. 28.

Houston hits the market with more certainty about its pensions but less about the tax-exempt market.

Muni volume gets a boost during the Thanksgiving holiday week as one of the nation's biggest issuers comes to market with a type of deal that may be banned after this year under pending tax reform legislation.

Ardmore City Schools may reintroduce the proposed bond measure that failed on Tuesday night.

A state-devised board that has governed the city’s school distressed district for 16 years voted to dissolve.