Public finance

The municipal bond market is ready to see negotiated and competitive offerings hit the screens on Tuesday from issuers in New York, Washington, Ohio and Maryland.

To finance a new municipal building and police station, the Butler Twp. supervisors plan to take out a bond issue rather than a bank loan, reversing a decision from last month.

When the Midland City Council approves the recommendation to pay off the debt related to the construction of the Scharbauer Sports Complex, the city will have paid more than $65.4 million in principal and interest.

With its income-tax proposal stalled, the Alaska House majority is now moving its oil-tax bill instead, unveiling a new version of the legislation Friday that limits cash subsidies for companies and makes substantial changes to tax rates and credits.

As legislators in Madison debate how to fill a $1 billion hole in the state's transportation fund, cash-strapped local government officials are left with no choice but to use band-aids to patch the potholes riddling the state's crumbling roads and bridges.

Two major construction projects on U.S. Highway 95 in North Idaho are at the top of the list for funding if Gov. Butch Otter signs a major transportation bill that lawmakers passed.

The West Virginia House adopted a resolution that would authorize $1.6 billion in bonds, which is the cornerstone of Gov. Jim Justice's road program.

Transportation bills now headed to negotiations in the state Capitol include increases in funding, but members of the Area Transportation Partnership for Southwest Minnesota are not optimistic that the region's needs will be met.

Katy ISD's bond process is officially underway.

Pricing wires for negotiated bond offerings

South Carolina lawmakers will decide whether to raise the gas tax despite governor's veto threat.

Wells Fargo dropped to eighth place among municipal underwriters, hurt by last year's phony accounts scandal. Citi maintained its lead in the ranking.

Pricing wires for competitive bond offerings

New York traders on Monday were looking over the retail pricing of the big NYC Transitional Finance Authority negotiated deal. Muni finished unchanged in quiet trading as Passover kept price action muted.

California's Third District Court of Appeals found the state's cap-and-trade program is not an unconstitutional tax.

New York lawmakers finalized a new $163 billion budget over the weekend that includes additional funding for water infrastructure enhancements through capital bonding.

The growing Fort Bend Independent School District expects to be the first to include “green bonds” as part of a $99 million issue pricing Wednesday.

Municipal bonds were unchanged in quiet trading at mid-session, according to traders, who were awaiting the first deals on the week’s $5.69 billion holiday calendar.

The new PREPA deal would force un-insured bondholders to accept a loss of principal, unlike the previous deal, which allowed retention of bonds at face value.

Two senators have asked Puerto Rico's oversight board to show it is following PROMESA.