Public finance

Michigan's cumbersome process to enact local option taxes still offers cities a revenue option, a report says.

Lee County's Board of Supervisors has given the final green-light to issue $7.3 million in bond debt, with an eye toward using about half that amount within a few months time to purchase land intended for use as an industrial park.

Retail investors get first crack at California's general obligation bonds priced on Tuesday.

The Senate gave final approval to a ballot measure for a constitutional amendment to require a two-thirds vote of both chambers to raise taxes.

Howard Cure of Evercore and Maria Doulis of the Citizens Budget Commission parse the $88.7 billion preliminary budget, the Washington and Albany effects and problem units Health + Hospitals and NYCHA. Paul Burton hosts.

Guam’s long- and short-term debt was placed on negative credit watch by S&P Global Ratings.

After a typically quiet Monday for municipals, market participants are eagerly awaiting the commencement of this week's new issue slate, which is led by California's $2.1 billion offering.

The bond insurers say the plan to create a wider Public Service Commission would lead to oversight by inexperienced political appointees.

Philadelphia Mayor Jim Kenney’s budget accounts for lower beverage tax projections by borrowing less for planned infrastructure projects.

Mayor Kirk Caldwell's plan to use city money to pay a share of the cash-strapped East Kapolei-to-Ala Moana rail project is already raising objections from at least two members of the City Council, the body that he needs to OK the major policy shift.

With parking revenue under fire from services like Uber and Lyft, large airports are turning to technology to make their lots more competitive.

Municipal investors have been supply starved but will get just what the doctor ordered; a nice big dose of supply. The mini surge will feature two billion dollar deals – one of the high grade variety and the other more of a high yield deal. With volatility in the atmosphere and big deals few and far between, investors should jump to grab the paper since who knows when the next big deal is coming.

Municipals were sleepy on Monday, typical for the asset class after a quiet trading session on Friday where they outperformed Treasuries; some investors were looking ahead to the upcoming week’s supply, led by a pair of billion dollar deals from California and Oklahoma issuers.

Investors will be rewarded for their patience with the year's biggest weekly issuance calendar, including a deal from the market's No. 1 issuer.

The cost of certification and disclosure requirements over the life of the bonds are cited as potential holdups.

The state House approved a $22.5 billion general fund budget that relies on fees and tax increases to fund priorities like pension obligations.

North Idaho Rep. Heather Scott's bill to limit repeat bond elections after voters reject them squeaked through the Idaho House on Thursday with a 37-32 vote.

Changes to return assumptions ease short-term budget pressure while lowering funding for the state pension system.

While the mood remained tentative on the last day of the week, the municipal market looks forward to the upcoming $7.5 billion of new supply headed its way.

Pittsburgh, whose bonds were junk in 2003, has become a national model for urban rejuvenation.