Public finance

New York City Health + Hospitals chief Mitchell Katz must navigate fiscal and political land mines as he sets out to fix a notoriously troubled unit.

The Federal Transit Administration rules will take effect on June 29 of this year.

New money deals helped issuance rise for the third straight month in May.

A settlement would free up some state-intercepted revenues for the city while sending some overdue contributions to the funds.

Municipal bonds were stronger at midday, holding onto hefty gains made earlier in the week as the last of the week’s larger deals came to market.

The market’s performance amid this week’s volatility shows many municipal investors are in it for the long haul. They need that coupon.

A new Pawtucket Red Sox stadium financing plan unveiled by House leadership late Wednesday would use future tax revenue in a large area of the city's core to pay for a new ballpark and surrounding infrastructure. It would also give public officials the power seize land for the stadium by eminent domain.

Economic development and infrastructure were the most mentioned issues by mayors in their annual states of the city addresses.

Municipals participated in a safe-haven trade on Wednesday following the Treasury-led rally on Tuesday.

Investors, already frustrated with the lack of progress since PROMESA was passed, face at least another two years before most debt payments will resume.

Municipal bonds on Wednesday added on to the gains made during Tuesday’s rally.

Scott Evans, chief investment officer of New York City’s $194 billion of pension funds, will step down at the end of the fiscal year June 29.

The county is receiving only a very small cut of the revenue it projected from the video gambling terminal deal.

Municipal bond investors reacted cautiously to the rally in Treasurys as they looked for confirmation that the new yield levels are here to stay.

Intercontinental Exchange agreed to buy TMC Bonds for $685 million in cash just eight days after IHS Markit's deal to buy Ipreo.

The outcome clearly places bondholders behind pension funds, according to Moody's Investors Service.

The city of Grand Rapids is embarking on an ambitious plan to install a $20 million LED streetlight system that eventually could monitor water meters and collect data about activity on the street.

The Municipal Stability Board gave more than 100 local governments until November to come up with a plan for their underfunded retirement plans.

While volume will be under $4 billion, strong demand should continue as the muni market is sound technically and investors are flush with cash. Investors are feeling bullish.

Municipal bonds were trading stronger Tuesday, with yields falling as much as five basis points, according to the MBIS benchmark scale.