Public finance

Puerto Rico’s voters overwhelmingly voted on Sunday for the island to become a state in a vote the opposition chose to boycott.

New Jersey Senate President Steve Sweeney wants more state water infrastructure spending.

California revenues beat state budget projections in May.

Chicago’s chief financial officer says bankruptcy isn’t on the table for Chicago Public Schools.

Top-rated municipal bonds were weaker at midday as traders eagerly await the new issue slate to start rolling in.

Puerto Rico will likely need to fund government operations using sales-tax revenue claimed by warring factions of bondholders unless a legal dispute at the heart of the island’s bankruptcy is resolved by November.

Even though it is quite convenient to view events in Puerto Rico through the prism of a one-off, it is true that the Commonwealth and its agencies, authorities, and localities have been and continue to be part of this municipal market that we work in and invest in every day.

Massachusetts’ downgrade by S&P Global Ratings affects $22 billion in GO debt.

Municipal market participants are eagerly awaiting the new issue slate to start rolling, as issuance is expected to be around the weekly average.

Pricing wires for competitive bond offerings

Pricing wires for negotiated bond offerings

The New York City Transitional Finance Authority plans to sell about $850 million of tax-exempt fixed rate bonds on Wednesday, June 21, after a two-day retail order period.

Puerto Rico’s government and Oversight Board have declined to say what debt service bondholders should expect in the coming fiscal year despite repeated inquiries.

Demand for municipals in the primary market should stay strong as volume is set to remain close to the yearly per-week average.

Butler Snow LLP has hired former U.S. Sen. David Vitter to work in the firm’s New Orleans’ office.

Municipal market buyers aren't waiting for the rating agencies -- they're already trading Illinois paper at junk bond levels.

The Duncan Public School district approved the low bid from BancFirst for $7,645,000.00 for the sale of the school bond at a special meeting on Tuesday afternoon.

The Garden City Commission on Tuesday approved a request for a one-year extension to Garden City's STAR bond project. If approved, the measure would mark the project's second extension.

Moody's Investors Service has downgraded Eastern Maine Healthcare Systems' bond credit rating to a level that could limit the organization's ability to obtain credit in the future.