Public finance

The municipal market sees a lighter-than-average supply slate of $4.8 billion head their way this week.

Connecticut Treasurer Denise Nappier told lawmakers that Gov. Dannel Malloy's plan to push out payments would violate a bond covenant.

A fear of the end of private activity bond tax-exemption led some sector issuance to surge in 2017.

Even though interest rates have not risen as fast as the bond insurance industry hoped for, and 2017 saw the contraction of an active insurer, the bond insurance wrap remains relatively stable in terms of market share.

Long-term issuance in the municipal market virtually matched its record high set in 2016, against the backdrop of tax reform that produced an end-of-year flood of volume, but the outlook for 2018 is less rosy.

Comptroller Scott Stringer said the budget cushion in Mayor Bill de Blasio’s preliminary fiscal 2019 budget is inadequate to ward off any problems as New York's economic expansion slows.

Market sources say the week's deals will be `well received,' while a new report cast doubt on prospects for a near-term supply pickup.

The director of the Honolulu transit project offered to forego $3.8 million.

The power of public employee unions to influence elections and their wage and benefit arrangements could be at stake.

Northeast municipal bond issuance was up 4% from 2016 to $121.3 billion.

Buyers will vie for about $4.8 billion of bonds next week.

The plan would expand flexibility and broaden the uses of tax-exempt private activity bonds.

Financial advisor and attorney Calvin Grigsby vowed to appeal a judge's ruling finding that his former client has absolute immunity from lawsuits.

New York City had little difficulty completing over $1 billion of bond sales in competitive and negotiated deals on Thursday, even amid concern over rising interest rates.

A plan that passed the state House would divvy up $175 million among state and local governments.

Battle Ground Public Schools hopes the third time will be the charm for school construction funding, as the school board voted 4-1 Wednesday to again put a bond measure before district voters.

The New Orleans Sewerage & Water Board is poised to issue $114 million in bonds for sewer and drainage repairs.

The Huntsville city council on Wednesday approved selling municipal bonds to finance $69 million in projects and infrastructure associated with the Toyota-Mazda plants to be built in Limestone County.

The island's future will depend on external aid, the amount of emigration, and internal reforms, economist Jason Bram found.

About $366 million of bonds are a component of the incentive package Wisconsin offered to land a Foxconn plant.