Public finance

A bond referendum for Anderson School District 4, S.C., was defeated by a large margin Tuesday.

The Oversight Board filed the petition with U.S. District Court in Puerto Rico.

Voters in the West Bloomfield, Mich., School District passed a $120-million bond proposal Tuesday.

LEXINGTON TWP, Ohio -- Hopes were dashed Tuesday of consolidating all the elementary school activities of Marlington Local School District into one building.

Summit County, Ohio, school districts received mostly positive news following Tuesday's election, with issues passing in all but one district.

Leaders of the four school districts in Fairfield and Licking counties, Ohio, whose tax issues were rejected Tuesday will decide whether to ask voters again in November. Issues in four other districts were approved.

Municipal bonds were stronger at mid-session, traders said, as they prepared for a second wave of new issuance to sweep into the market on Wednesday.

Greenon Local Schools residents passed a $36 million bond issue Tuesday night to build a new pre-k through 12th grade school for the district, according to final, unofficial results.

Louisiana’s GOP-led Legislature wants severe cuts to balance the state budget instead of state tax reform.

CHAGRIN FALLS, Ohio -- Voters approved a combined property tax increase and bond issue Tuesday to improve Chagrin Falls school buildings.

After a contentious campaign, voters in the Valley View, Ohio, school district said no to a 5.39-mill bond issue to build new schools.

Puerto Rico Gov. Ricardo Rosselló said Wednesday morning that the start of a Title III bankruptcy process for Puerto Rico was imminent.

Continued financial stability was cited as Moody's upgraded Central Falls, R.I. to Ba1.

Municipal bonds were stronger in early activity as traders get set for a second wave of new issuance to sweep into the market on Wednesday.

Pricing wires for competitive bond offerings

Pricing wires for negotiated bond offerings

Legislators and others urged Puerto Rico to pursue a court-organized debt restructuring.

Municipals finished mixed on Tuesday, traders said, as activity in the primary sector got underway. Several large deals hit the market, with offerings from issuers in Wisconsin, Kentucky and Texas leading the way.

Puerto Rico’s fiscal and debt crisis moved into a new phase marked by riots, active lawsuits, and biting political attacks.

U.S. states are continuing to see a steady decline in their credit quality, according to Conning’s State of the States municipal credit research report released on Tuesday.