Public finance

The Citizens Budget Commission says deficits could compromise Chairman Joseph Lhota's subway improvement plan.

A busy week got started Tuesday, with deals flowing in as the specter of tax reform plagues the primary municipal market and issuers rush to market with sales that may no longer be allowed next year, creating an opportunity for buyers.

The Pennsylvania Higher Educational Facilities Authority and the state of Wisconsin are coming to market on Tuesday as municipal bond traders eye tax reform developments in Washington.

Cities and counties will be able to form the new affordable housing districts starting in January.

The Central Florida Expressway Authority’s senior bonds won one-notch upgrades from Moody’s Investor Service and S&P Global Ratings.

The municipal bond market focused on the burgeoning new issue calendar as participants waited for a U.S. Senate vote on tax reform, which may come before the end of this week.

The remodeling of the 22-year-old airport will add gates and update its security infrastructure.

Las Cruces Public Schools officials have OK'd a measure calling for a $50 million bond election in February 2018.

The engineer who led the restoration of electrical service in New York City after Superstorm Sandy has been appointed to oversee the recovery of Puerto Rico's power grid.

The holiday shopping season begins in earnest this week as municipal bond issuers offer buyers a slew of new tax-exempt deals as they rush to beat possible changes to the tax code for 2018.

The municipal bond market this week will keep an eye on the building new issue calendar as traders wait for the U.S. Senate to vote on a tax reform proposal which could come as early as Thursday.

Gov. Mary Fallin said the state should not wait until the February opening of the regular legislative session to repair its budget.

The rush to market is set to begin as the municipal bond market will see a hefty new issue slate for the upcoming week at a time of year when it is usually rather sleepy.

Thomas Hamilton, Scott Jackson and Jay Nolan will join the nascent board that will intervene in and assist with municipal distress cases.

The Terre Haute Board of Sanitary Commissioners approved the purchase of equipment for the city’s wastewater treatment plant.

A plan to build a $520-million criminal justice complex is moving forward after the Detroit City Council approved a deal allowing a land swap.

The Badger state is joining the list of issuers moving up refunding deals that are under threat from tax reform.

The rush to market ahead of tax reform is set to begin, as a $11.743 billion new issue slate looms for the upcoming week.

Cook County will cut jobs and lay off some workers to plug the budget hole.

Contract saves the city about $9 million by locking in a more favorable rate with Great Lakes Water Authority.