Public finance

U.S. Virgin Islands Gov. Kenneth Mapp said the project will lead to an additional $615 million in direct revenues for the government over the next 10 fiscal years.

The rating is one level below Advocate's existing rating and two higher than Aurora's.

The Public Employee Pension Transparency Act (HR 6290) would prohibit states and localities from issuing tax-exempt bonds unless they file annual reports on their public pension systems to the U.S. Treasury Department.

The county anticipates pricing for the week of Aug. 6th.

Municipal bond volume will dip to under $5 billion next week, according to estimates released on Friday.

A negotiated transaction may help Maine limit the yield penalty from Gov. Paul LePage's last-minute cancellation of the sale last month.

The bond will help with housing recovery in the city that lost 4,600 homes to a wildfire.

Vicki Fuller is retiring after six years as the state pension fund’s chief investment officer.

The weekly average yield to maturity of The Bond Buyer Municipal Bond Index, which is based on 40 long-term bond prices, rose to 3.99% from 3.97% the week before.

New revenue sources for operating and capital budgets are necessary for the transit authority to cover a widening outyear gap, CFO Robert Foran said.

Sporadic trading and price firmness drove the municipal market on Thursday.

The Fifth District Court of Appeals in New Orleans has yet to decide if oral arguments will be held in the suit brought by Calvin Grigsby.

The school district's borrowing plans got a boost Thursday from S&P Global Ratings, which upgraded it to B-plus from B.

Price stability was outweighing trading activity and volume on Thursday morning in the municipal market.

The New York State Financial Control Board went into "sunset mode" for a 32nd straight year.

The fund returned 8.03% in FY18, ahead of its 7% annual target and ahead of its own benchmark, which returned 7.59%.

S&P Global Ratings lowered the Connecticut city to BBB-plus from A-minus, and Fitch Ratings dropped the city to BBB from A-minus.

The U.S. Territorial Relief Act of 2018 would give territories the option to terminate their debt obligations while authorizing $7.5 billion in federal funds to compensate mainland creditors who are individual investors, trade unions, pension plans, and open-end mutual funds.

“I realize the urgency of the situation,” U.S. District Court Judge Swain said at the end of the Title III bankruptcy hearing in San Juan.

Municipal bond buyers were singing “I love New York” on Wednesday as they grabbed bonds from two Empire State issuers.