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At its recent investors conference, Chicago impressed analysts with a new plan to rescue the largest of the citys four pension funds, but several attendees said the smooth presentations didnt erase their worries about the citys pensions and its budget.
August 5
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A last-minute compromise ensures that a $4.7 billion transit plan for Detroit will be on November ballot.
August 5
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Issuance of private activity bonds subject to state volume caps rose for the second consecutive year, according to an annual survey conducted by the Council of Development Finance Agencies.
August 5
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The weekly average yield to maturity of The Bond Buyer Municipal Bond Index, which is based on 40 long-term bond prices, decreased one basis point to 3.79% from 3.80% in the previous week.
August 4 -
The U.S. Army Corps of Engineers has released a draft feasibility report on a project to make the Port of Seattle one of North America's deepest harbors.
August 4
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Marylands $5.6 billion Purple Line P3 in jeopardy after federal judge halts the project over ridership worries.
August 4
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Chicago plans a tax on water and sewer services to save its largest pension fund from insolvency, Mayor Rahm Emanuel announced.
August 3
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Mom and pop investors veered from recent buying patterns on new issues and bought longer-maturity bonds in order to get higher yields on the New York City GO deal even if it meant accepting lower coupons, according to a New York City underwriter involved in the deal.
August 3
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Republican presidential nominee Donald Trump proposes more than $500 billion of new federal infrastructure investments.
August 3
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Jacksonville, Florida, is asking voters for a half-cent sales tax to help pay down nearly $3 billion in pension liabilities, but a recent lawsuit threatens to derail the referendum.
August 3
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The high-yield sector probably is headed for a slowdown in the second half of the year, after outperforming for the first six months, municipal experts said.
August 3
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Chicago is selling a positive budget message at its annual investor conference Wednesday, but the theme is obscured by the citys pension albatross.
August 2
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States only have until Aug. 20 to designate highway corridors where electric vehicle charging stations can be built under a new administration program that will provide $4.5 billion of loan guarantees to public-private partnerships and other collaborative efforts to develop and deploy a network of such stations.
August 2
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The Associated Press Municipal Bond Index, APs first branded financial markets index to be introduced since Franklin D. Roosevelts presidency, launched Monday in preparation for a wider rollout later this year.
August 2
