Public finance

Municipal bonds strengthened Tuesday as the primary market shifted to holiday mode after breaking the December record for issuance.

The project to protect environmentally sensitive areas like the Florida Everglades from toxic algae could cost close to $2 billion.

The number of people employed in Puerto Rico during November fell 1.8% from July.

The Hawaii Tourism Authority has fallen short of making its full state reimbursement for the Hawai'i Convention Center for the past two years.

Finance Director Lynne Barrett is finalizing a plan for paying off the $48 million debt the town incurred when its force sewer main collapsed two years ago this month.

The Regional Transportation Authority of Northeastern Illinois and its three service boards remain starved for new state capital dollars as 2018 marks a fourth year without an infusion of state help.

The municipal market will be staffed by skeleton crews as the calendar has no negotiated deals and only small competitives, which don't even total $3 million — and another long holiday weekend right around the corner.

Gov. John Bel Edwards said lawmakers must agree to replace $1 billion in expiring revenues by Jan. 19 or he will cut the budget.

The muni market absorbed almost $58 billion, a record for December, before a holiday hiatus to end the year.

Muni market participants weigh in on the market impact of the Trump administration's long-awaited infrastructure plan, which is due to be released in January.

The embattled authority’s physical needs assessment will probably exceed $25 billion, says the watchdog Citizens Budget Commission.

The first $100 million installment will enable the MBTA to proceed with a mandated project.

Jacqueline Thompson has worked for the New York City comptroller's office since 2000.

The tollway agency plans to spend $1.2 billion on capital projects next year.

The long holiday weekend comes at a perfect time for tired muni market participants after a furious few weeks of action spurred by tax reform.

The city council cleared the path for negotiations to resume with the city's P3 airport partner after a brief delay.

Lawmakers are still trying to find a solution to Oklahoma's unbalanced budget as the 2018 regular legislative session nears.

The weekly average yield to maturity of The Bond Buyer Municipal Bond Index, which is based on 40 long-term bond prices, rose to 3.93% from 3.91% last week.

President Trump's long-awaited infrastructure plan is due out in January, but some muni market participants worry any legislation seeking federal funding might cut PABs for revenue.

The muni primary market ground to a halt after a barrage of deals triggered by tax legislation.