Munis

WEST HAVEN, Conn. -- With the annual audit of fiscal 2015-16 now delivered to the city -- and showing the city's cumulative deficit rising by $500,000 to $16.8 million -- the long-discussed deficit financing plan to bond the deficit and pay it off over time is ready to go forward.

U.S. Sen. Tom Cotton, R-Ark., attacked the Puerto Rico Oversight Board’s plan to slash bondholder payments as illegal.

The Hunt County Commissioners Court has approved the sale of the first bonds which will help pay for multiple projects in the $24 million road bond package approved by voters in November.

Owners of under-construction nuclear reactors in Georgia reached a settlement with Toshiba and bankrupt Westinghouse.

The University of Illinois will conduct a national search to replace retiring CFO Walter Knorr.

WATSONVILLE, Calif. -- The Santa Cruz County Civil Grand Jury released a highly critical report Tuesday deriding the Pajaro Valley Unified School District's use of Measure L funds and describing the Citizens' Oversight Committee as "mostly ineffective."

WAXAHACHIE, Texas -- Though just over two years have passed since Waxahachie ISD residents passed a $125 million bond package, at least 60 community members agree that current state of the district requires a second, $78 million bond.

The Senate bill mirrors a House version introduced in March.

Florida retiree Martin Kessler, 93, opposes the Poinciana Community Development District’s bond issue.

Tallahassee, Fla., plans to price $150.3 million of energy system refunding bonds.

Only two of Illinois' nine public universities retain a Moody's investment-grade rating after new downgrades.

McFarland, Calif., schools are in a conundrum.

A new Colorado law requires charter schools to share in local school districts' mill levy overrides.

Chicago’s chief financial officer says bankruptcy isn’t on the table for Chicago Public Schools.

Massachusetts’ downgrade by S&P Global Ratings affects $22 billion in GO debt.

An audit of a California charter school operator raises questions about its use of bond funds.

Demand for municipals in the primary market should stay strong as volume is set to remain close to the yearly per-week average.

Top shelf municipal bonds were weaker at mid-session,, according to traders, who were making preparations to tackle next week's calendar. Ipreo estimates next week's volume at $6.01 billion, consisting of $4.94 billion of negotiated deals and $1.08 billion of competitive sales.

The sale of $1.1 billion of unrated bonds for New Jersey's American Dream comes amid uncertainty about the future of indoor shopping malls.

Municipal bond traders are taking a breather on Friday after a heavy slate of new issues priced this week. Traders will be eyeing market volatility which saw yields see-sawing back and forth.