Public finance

A limited tax base and heavy legacy obligations have hamstrung the city, according to the rating agency.

Puerto Rico said it had $5 billion more in cash than disclosed three weeks ago after scouring more than 800 government bank accounts.

Now that the uncertainty of tax legislation and how it relates to munis is gone, market participants can focus on the upcoming calendar — as it will most likely be the last big supply week for a while, with Christmas and New Year’s right around the corner.

The primary market is set for yet another week of hyperactivity as issuers make one final push to get advance refundings done before they disappear.

The state's latest financial report shows Canton is still financially stressed but improving.

Colorado and its private partners on redevelopment of a 10-mile section of Interstate 70 are in the market with $116.9 million of PABs.

The final tax bill released late Friday afternoon saved private activity bonds but advance refunding bonds will disappear.

Concerned about the tax bill before Congress, the private passenger train owners want to issue bonds by Dec. 31.

As the exact language of the final tax legislation looms, municipal market participants eager wait to see how it pertains to private activity bonds, there will be $11 billion of issuance awaits as issuers make one final push.

Bond analysts and Puerto Rico political leaders were voicing concern Friday over a new tax on territories reportedly included in the Republican federal tax bill.

Andrew Cuomo and Chris Christie say the ball is in Trump's court on the crucial Gateway Hudson Tunnel Project, as local commitments are secured.

The municipal bond market next week will continue to see above-average volume, albeit at a much slower pace than this week, as $11.14 billion of deals are on the calendar.

The California Chamber of Commerce supports a developing $8.9 billion bond proposal as well as a $4 billion measure that is already on the June ballot.

Urban planners argue for the unlocking of public assets through an asset trust, an idea largely untested in the U.S.

The rating agency will continue to monitor financial developments in Connecticut's capital city.

The municipal bond market saw deals from far and wide this week as the threat of tax reform changes spurred a rush to issuance that will continue into the next week.

In the week ended Dec. 14, the weekly average yield to maturity of the Bond Buyer Municipal Bond Index nudged up to 3.91% from 3.90% the previous week. The BB40 Index is based on the price of 40 long-term bonds.

The municipal bond market priced deals from Partners Healthcare, South Miami Health and Empire State Development as investors waited for final details of tax law changes affecting private activity bonds.

City officials said consolidating the boards will improve governance and result in stronger fund performance.

Moody's dropped its outlook on Franciscan Alliance's Aa3 rating to negative from stable.