Public finance

The tax and omnibus spending bills offer little relief for state and local infrastructure.

Municipal bonds were mixed in late trading on Tuesday as several large deals hit the screens, led by issuers in New York and Maryland.

The Garden State's pension burden will remain a heavy credit weakness for the foreseeable future, according to S&P Global Ratings.

The timing of federal grants is an issue because that funding was used as a basis by the U.S. Transportation Department to authorize the use of tax-exempt PABs by the private owner for financing the proposed rail line between Miami and Orlando.

City Council gave approval to Mayor Frank Jackson's administration to borrow more than $156 million for capital improvements, including a new police station and equipment to make Cleveland's streets safer.

Detroit's financial progress since its 2014 exit from Chapter 9 still leaves the city with debt, pension and economic development challenges.

Tax resources are about one-third higher than a decade ago, while pension actuarially determined contributions are up 74%, a Fitch report shows.

Tuesday opened with a positive tone in the municipal bond market with a forecast of heavy demand and strong technicals going into the reinvestment season.

Pittsburgh exited successfully from the Act 47 workout, but other communities hang around for decades.

Munis were stronger Monday as bond buyers kept an eye on the Federal Reserve policy makers' meeting.

The MSRB will ask for market feedback on potential interpretive guidance related to a practice the board worries may impair market liquidity.

Hub airports and general aviation airports located in metropolitan areas missed out on the additional funding they were hoping for.

Monthly volume rose the highest in the year to date, as an increase in new-money deals partly offset a decline in refunding transactions.

Municipal bond buyers are awaiting this week’s new issue supply as they keep both eyes firmly on the Federal Open Market Committee’s monetary policy meeting.

The former presidential candidate implored New York and New Jersey to enable their cities to execute streamlined project delivery.

Weekly municipal bond volume will be down with the Federal Open Market Committee set to meet, though no interest rate increase is expected.

Lawyers for the city of Harvey will argue for release of state funds.

New York City's executive budget came under fire for increasing spending and setting aside too little in reserves for cuts from Washington and uncertain times ahead.

Henry County supervisors tabled the awarding of contracts for the construction of the new Henry County law center again at Thursday's meeting, after the agenda item was tabled first at Tuesday's meeting.

New Jersey lawmakers expanded the scope of a bond proposal to add money for school safety.