Pension obligation bond

Arlington, Texas, has weathered the pandemic with its ratings intact as it awaits the return of tourists and sports fans.

The bill was set aside as state lawmakers limit legislation to the issues of housing, wildfires and coronavirus. Meanwhile, more cities and counties issue POBs.

State Sen. John Moorlach thinks cities and counties should have to obtain voter approval before issuing pension obligation bonds.

Huntington Beach approved a resolution to refinance up to $436 million of public employee pension debt with pension obligation bonds.

Tom Kozlik of Hilltop Securities explores how pension underfunding woes continue to weigh on public finance. Paul Burton hosts.

The continued low interest rate environment is compelling more cities to explore issuing the bonds.

Xay Khamsyvoravong, chairman of the Providence Water Supply Board, explains how this trending accounting tool could help offset Rhode Island’s local pension liabilities. Paul Burton hosts.

Market observers says Lori Lightfoot should go light on one-time maneuvers, avoid fiscal gimmicks, and move the city toward structural balance.

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

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 GOP proposal would slow down the full funding of the closed pension system, using annual savings for roads.

The plan would have the state issue $10 billion of pension obligation bonds to create annual budget savings to fund road repairs.

Without a successful appeal, Employees Retirement System bondholders won't get their bond payments during the bankruptcy.

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

Attorney Lori Lightfoot will become the city's first African American woman mayor when she takes office on May 20.

Bond Buyer Northeast Regional Editor Paul Burton explores the state's hot-button issues including pension liability and tolling. Chip Barnett hosts.

Shawn Wooden expects his proposal to fix to state teachers’ pension system to kick-start an agenda that includes infrastructure, improved returns and financial literacy.

In an historic election result, two African-American women will face off in a runoff election to become the next mayor of Chicago. Yvette Shields talks with Chip Barnett about what this means for the municipal bond market and why it matters to bondholders.

Lori Lightfoot, in her first race for elective office, will face Toni Preckwinkle, the Cook County board president, in an April 2 runoff.