Public finance

In the week ended Jan.12, the weekly average yield to maturity of the Bond Buyer Municipal Bond Index fell five basis points to 4.20% from 4.25% in the previous week. The BB40 Index is based on the price of 40 long-term bonds.

Kentucky’s credit outlook was revised to negative ahead of an upcoming bond deal, a change S&P Global Ratings said was triggered by the state’s unfunded pension obligations.

Thirty-nine of 40 large infrastructure projects with significant economic paybacks face funding challenges.

So-called intervention bankruptcy – combining federal and state resources – could help governments manage municipal insolvency, said a Manhattan Institute report.

ARKANSAS

CONNECTICUT

President-elect Trump has a “bold new vision” for infrastructure financing, according to Transportation Secretary-designate Elaine Chao.

Analysts affirmed the stable outlook for the healthcare sector, while acknowledging that repeal of the Affordable Care Act could change the landscape.

ARKANSAS

ARKANSAS

State and local groups told members of Congress that tax-exempt bonds are the cornerstone of infrastructure financing, as the lawmakers consider how to increase spending on roads and bridges as well as tax reforms that could entail restrictions on tax exemption.

San Francisco voters will be asked to approve a $350 million bond to repair its fragile seawall, which experts believe needs a multi-billion dollar investment.

A bipartisan trio of lawmakers wants to fund infrastructure with revenues from international tax reform.

A federal judge denied a request by two Florida counties for additional documents about public financing for the All Aboard Florida private passenger train project, moving their lawsuits closer to a ruling on dismissal.

MISSOURI

IOWA

Chicago receives $1.1 billion of federal rail grants in final days of Obama administration.

INDIANA

CALIFORNIA

Extending a temporary sales tax to keep Arkansas roads in good shape preferred by voters in new statewide funding study.