Public finance

The California Supreme Court could upend legal assumptions about public employee pensions.

Detroit wants to use $55 million in surplus cash to retire debt issued in 2014 as part of the city’s exit from Chapter 9 bankruptcy.

The unfunded pension burden for Chicago, Cook County, and other local funds hit $50 billion in fiscal 2016.

Former MTA Chairman Richard Ravitch elaborates on what ails New York's transit system and what is necessary to fix it. Paul Burton hosts.

A parched municipal bond market will get what buyers want: a hefty blast of new supply this week. And it’s coming from two big, market-friendly names – New York City and Los Angeles Schools.

Municipal bond traders returned from a three-day weekend to see NYC bonds priced for retail investors as big auctions from the Treasury Department loomed.

Saugatuck Public Schools is asking the community to approve a $50.7 million bond and a renewal of the district's .5 mill sinking fund in the May 8 election.

Oakland voters in 2016 overwhelmingly approved a $600 million bond to fix city streets and build affordable housing.

Inaction, significant new debt and failure to control labor costs and other cost drivers could pose major bondholder risks, says a Gurtin report.

School districts and other local governments that fail to pass a tax would have to wait a year before asking voters again, under a bill that cleared a state House committee Friday on a party-line vote.

Lt. Gov. Tate Reeves unveiled Monday what he described as a comprehensive six-year plan to spend $1.17 billion in new money on infrastructure needs throughout the state.

The municipal bond market will see $5.8 billion of new deals hit the screens, somewhat slaking investor's thirst for new supply

PREPA says a widespread shutdown of electricity on Wednesday is inevitable without a major cash infusion.

The West Kern, Calif., Community College District is going to seek voter approval for a bond on the June 5 ballot, but it has scaled back the amount it will ask for.

The venture hired infrastructure specialist Robert Keough.

“We’re headed to a place where we don’t necessarily want to be,” said the city's chief financial officer.

“Given the recent market volatility, it’s imperative that you stress test potential purchases under various rate scenarios,” says Jonathan Law at Advisors Asset Management.

The muni market to see $5.8 billion of new deals hit the screens next week, somewhat satisfying investors' thirst for new supply.

A Public Policy Institute of California survey found 47% favoring repeal and 48% opposed.

Puerto Rico's bonds attracted buyers after the governor released a plan that included some debt service payments.