Public finance

The muni market continued to weaken the day after Chicago pulled the biggest deal of the week.

The bonds for IndyGo are secured by a .25% local income tax approved by Marion County voters two years ago.

A local government watchdog raised questions because the repayment schedule for a planned $1.3 billion securitization extends beyond debt being refunded.

Such "granny flats" may be the next frontier for PACE financing.

Unsecured creditors have said they are unsure if they will support the Puerto Rico sales tax bond restructuring.

Munis will see the last weekly issuance roll in - as the past few days hasn’t gone as planned, with rising yields and rocky market conditions causing the biggest deal of the week to postpone the deal.

Under the mPower program, loans for energy retrofits are bundled into a revenue stream to back structured bonds sponsored by Placer Co., Calif. The program’s goal is in the spirit of energy efficiency and environmental sensitivity – a well-established policy in the state. Jenine Windeshausen, the county's Treasurer-Tax Collector and the county’s municipal advisor Kenneth Dieker of Del Rio Advisors review the program. John Hallacy is host.

Detroit will issue $112 million of new money GO bonds and is also considering issuing refunding bonds in December.

The city is looking to tackle infrastructure investments through a $181 million Election Day bond referendum.

Adverse market conditions delayed the $1.3 billion deal from Chicago’s Sales Tax Securitization Corp.

New York City Comptroller Scott Stringer released the city’s Comprehensive Annual Financial Report for Fiscal Year 2018 on Wednesday.

Three areas are new additions to the work plan of the Tax Exempt and Government Entities Business Operating Division, IRS officials said.

The $33.4 billion of issuance — the second-biggest monthly total of the year — did little to raise hopes for a fourth-quarter resurgence.

The Public Pension Management and Asset Investment Review Commission will present its findings to Gov. Tom Wolf and the General Assembly.

The Rental Assistance Demonstration program may provide the New York City Housing Authority with some breathing room, interim chief Stan Brezenoff said.

The deal’s underwriter cited "market conditions," confirming Chicago’s deal was placed on day-to-day status.

The busiest day of the week, and a good test for the market, lies ahead.

The memo appears to respond to a March 29 written request by the National Association of Bond Lawyers to Christie Jacobs, director of the IRS Indian Tribal Governments/Tax Exempt Bonds Office to clarify the new law.

The struggle between board and local government continues, as island leaders agree to a tax overhaul plan.

The Port of Corpus Christi will team up with the Carlyle Group to finance a $1.2 billion oil export terminal designed to enhance the port's ranking as the top energy exporting hub.