Public finance

ALABAMA

ARKANSAS

Chicago plans a tax on water and sewer services to save its largest pension fund from insolvency, Mayor Rahm Emanuel announced.

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.

Republican presidential nominee Donald Trump proposes more than $500 billion of new federal infrastructure investments.

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.

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.

GEORGIA

ARKANSAS

Chicago is selling a positive budget message at its annual investor conference Wednesday, but the theme is obscured by the city’s pension albatross.

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.

The Associated Press Municipal Bond Index, AP’s first branded financial markets index to be introduced since Franklin D. Roosevelt’s presidency, launched Monday in preparation for a wider rollout later this year.

NEBRASKA

ILLINOIS

Intercity passenger, freight, and bullet train projects are eligible for a little-used program of federal low-interest loans and guarantees.

Atlantic City has tapped financial advisors PFM Group and NW Financial to assist with its recovery plan needed to avoid state intervention.

ARKANSAS

Moody's Investors Service placed $18 billion of lease-backed, moral obligation and comparable debt on review.

The small Florida city of Opa-locka is on the verge of bankruptcy, according to the head of a state-appointed oversight board.

Road, transit, and rail projects in 32 states share $500 million in latest round of competitive TIGER grants.