Public finance

Gov. Tom Wolf bought time to pass the bills necessary to fund Pennsylvania's $32.2 billion spending plan.

California June revenues were 2.5% below projections outlined in last year’s budget.

There are times when there is no better alternative to a tax increase.

The municipal bond market on Tuesday will see more supply head its way with the second day of retail orders being held on the New York City Transitional Finance Authority’s $1 billion of building aid revenue bonds and deals expected from Los Angles and Philadelphia.

Pricing wires for negotiated bond offerings

Pricing wires for competitive bond offerings

Municipal bonds ended mixed on Monday, according to traders, as the New York City Transitional Finance Authority’s $1 billion of building aid revenue bonds were priced for retail investors and the Chicago Public Schools came to market with an unrated bond deal.

Chicago Public Schools borrowed $500 million after doubling the size of its GO offering.

Philadelphia’s new five-year fiscal strategy was endorsed by City Controller Alan Butkovitz.

Low-interest federal TIFIA loans cut borrowing costs for West Coast transportation agencies.

Pennsylvania state leaders are still negotiating how to fund their new budget.

Massachusetts legislators finally agreed to terms on a $40.2 billion budget for fiscal 2018.

Gulfport will borrow more than it first expected to help pay for the $93 million Mississippi Aquarium under construction downtown.

Municipal bonds were mixed at mid-session, according to traders, who are set to see a chunky new issue slate head to market this week. Volume is estimated at $9.29 billion, composed of $7.94 billion of negotiated deals and $1.35 billion of competitive sales.

After two years Illinois finally got a budget, but this week the municipal bond market will be eying the state’s credit rating.

Breaking a record two-year budget impasse drove a dramatic easing of Illinois' spread penalties.

New York City's comptroller called for a $3.5 billion bond measure to fund mass transit improvements.

Municipal bond traders are set to see a chunky new issue slate head to market this week. Volume is estimated at $9.29 billion, composed of $7.94 billion of negotiated deals and $1.35 billion of competitive sales.

Pricing wires for negotiated bond offerings

Liquidity and pension woes still remain after Illinois enacted its first budget since 2015.