Public finance

New York City offered $850 million of general obligation bonds and the Metropolitan St. Louis Sewer District, Mo., offered a $317 million refunding deal to retail investors on Monday as the Pennsylvania Turnpike came to market with its bonds.

The eight hopefuls still want to hold the state-run MTA more accountable.

As municipal market participants are awaiting the next step in the tax bill process, they are also preparing for one of the busiest and biggest weeks the market has ever seen.

As lawmakers worked over the details of tax tax legislation, municipal market participants prepared to embark on what may be a record-setting week for issuance.

The state increased the size of the deals by 70%, with its bond finance director citing plans by "the clowns in D.C." to outlaw advance refundings.

Economic development leaders on Wednesday cleared a major final hurdle for the development of Glacier Rail Park when the Flathead County commissioners unanimously approved a resolution for port authority revenue bonds needed to finance the relocation of CHS to the rail park.

The county says it's closer to an agreement to build a criminal justice center at new location.

The California Infrastructure and Economic Development Bank approved $321 million in nonprofit conduit sales this week.

The Central Florida Expressway Authority says its deal pricing Tuesday could be up to $347 million.

After a busy week, the muni market is preparing for one of the biggest weeks in history, with an estimated $17.4 billion deals.

Long perceived as clunky and stagnant, the Massachusetts Bay Transportation Authority is recrafting itself under control board oversight.

New York Mayor Bill de Blasio named Dean Fuleihan first deputy mayor and Melanie Hartzog as budget chief.

After a busy week, and some clarity on tax reform, market participants are gearing up for the biggest volume week in some time, as issuers are getting advance refundings in while they still can.

In the week ended Nov. 30, the weekly average yield to maturity of the Bond Buyer Municipal Bond Index rose to 3.99% from 3.95% the previous week. The BB40 Index is based on the price of 40 long-term bonds.

Traders saw "a major flip in psychology of the market" as moves to bar private activity bonds and advance refundings met some resistance.

The group plans to sell roughly $1 billion of bonds, with a mix of btax-exempt and taxable debt.

A state fiscal monitoring board will consider for the first time in its 17-year history imposing spending cuts to the county’s budget.

While money on hand was better than expected, the island's financial advisory authority warned that expenditures will worsen.

With rates trending higher, the county still hopes an advance refunding will save water and sewer ratepayers $68 million.

The possibility of the municipal market losing both advance refundings and private activity bonds brought a spike in issuance that's likely to extend into December.