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With $300 million of term bonds due in 2051 underperforming in secondary market trading, Kansas officials are eyeing a surplus revenue funded buyback plan.
February 13
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A financial instrument that has appealed to many municipalities to remedy underfunded pension plans is once again looking like a losing borrow and bet scheme.
February 3
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As rising interest rates take pension obligation bonds off the table, city finance managers are looking to other methods to manage unfunded pension obligations.
December 15
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Coconino County has issued debt to fund its prepayment to the Arizona State Retirement System, while Pinal County has a bond sale pending.
November 7
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Variable-rate debt, tender option bonds and even prepaid gas bonds may stage a comeback in the current market, panelists at a GFOA conference said.
October 20
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Richmond issued $154.1 million in pension obligation bonds in a refunding that terminates swaps, ends a county intercept, and extends the final maturity.
September 8
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Expected voter turnout for the midterm election will likely compel other cities to join Ontario, California, in placing tax and bond measures on November's ballot.
August 5
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Most public pension funds are fragile not distressed, according to Equable.
July 21
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The referendum passed Tuesday by a 70% to 30% margin an an election with miniscule turnout.
June 8
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A spike in POB issuance last year that was spurred by low interest rates, roaring stock markets, and other factors is likely to wane.
May 16
