Public finance

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.

The municipal bond market will see a light new issue calendar next week as the Federal Reserve meeting on monetary policy puts a damper on new debt issuance.

In the week ended April 26, the weekly average yield to maturity of the Bond Buyer Municipal Bond Index jumped up to 4.05% from 3.99% the previous week. The BB40 Index is based on the price of 40 long-term bonds.

The school district is relying on referendum in November to support a funding plan.

New York's mayor said hits from Albany and threats from Washington affected the city's latest spending plan.