Public finance

Municipal bonds were markedly weaker at midday as market participants remain fixated on the newly released Senate tax reform proposal and how it compares with the House version.

The Pasco School District bond is now passing.

Mayor Jim Kenney's vision could provide more fiscal certainty for the school district at the expense of city finances, according to Fitch Ratings.

With an ordinance for $70 million in Terre Haute Sanitary District construction bonds facing certain defeat, Mayor Duke Bennett’s administration requested and the City Council Thursday agreed to withdraw the measure.

Municipal bond market participants are scanning the news closely for details of tax reform provisions that affect them.

Though Federal assistance may have helped lessen the impact of Hurricane Maria, analysts said there are still "plenty of reasons to worry" about the government's ability to function.

The Illinois Finance Authority authorized a passel of deals that would be outlawed by a GOP tax bill.

The last of the week’s big municipal bond deals came to market on Thursday – both from California issuers – as municipals finished weaker in secondary trading.

Rising debt, legacy costs and challenges from Washington all pose challenges for the New York mayor after winning re-election.

Oklahoma still faces a $215 million budget gap after the state House again failed to pass a revenue measure.

Blow-back from the sell-side centered on the proposal's potential to drive up infrastructure financing costs and accelerate the departure of smaller firms from the business.

The last of the week’s big municipal bond deals came to market on Thursday as municipals wavered in mid-session trade.

Mayor Bill de Blasio's advisors worry about the effect of eliminating advance refundings and private activity bonds.

Two triple-A rated states received a D-minus in the pension and OPEB category.

Market participants are waiting for the last major deal of the week to price while also hoping for some clarity on the tax reform situation.

The state reported a small jump in its unfunded burden while its funded ratio saw a sliver of improvement.

Voters in seven California cities approved marijuana taxes Tuesday.

Deals came in waves in the busiest day of the week Wednesday, with the market firming and most issuers able to lower yields.

The bond proceeds and matching federal funds mean Illinois will pay off $8.5 billion of bills.

Mike Duggan won another term in Detroit, and Flint's Karen Walker beat back a recall effort.