Public finance

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

A Pennsylvania school district said it expects to receive a proposed adverse determination letter from the Internal Revenue Service stating general obligation bonds it issued in 2005 and advance refunded in 2013 are taxable.

Poised for Growth, San Diego and Chicago-based fund manager Gurtin Fixed Income Management promoted Michael Johnson to co-CEO.

Minnesota heads into the market Tuesday with its annual summer sale, bolstered by the restoration of one of its triple-A ratings.

ARKANSAS

ALABAMA

In the week ended July 28, the weekly average yield to maturity of the Bond Buyer Municipal Bond Index rose one basis points to 3.80% from 3.79% in the previous week. The BB40 Index is based on the price of 40 long-term bonds.

A Republican lawmaker has introduced legislation in the House that would prohibit states from taxing customers making Internet and catalog purchases outside of their borders, marking the latest chapter in the ongoing debate over online sales tax.

Wisconsin lawmakers warn that a looming $940 million road revenue gap may require a higher gasoline tax.

Boosted by new grant funding, the University of Chicago Harris School of Public Policy, led by new executive director Michael Belsky, wants to raise its voice on municipal finance research and education.

ARKANSAS

CALIFORNIA

Detroit, already facing headwinds with its first post-bankruptcy general obligation/distributable state aid backed sale, could suffer some spill due to the state’s disruption of a similar security on some of Detroit Public Schools' bonds, one municipal market participant suggested.

Transit providers in 13 states will share $55 million in federal smog-busting bus grants.

Abstract Municipal issuer, education and utility groups are urging Republican lawmakers to maintain the tax-exemption of municipal bonds in their blueprint for tax reform.

PHILADELPHIA — After the presidential election, the United States may see a "golden moment" to push for increased federal and state spending to fix America's crumbling infrastructure, according to Democratic mayors speaking a policy meeting at Philadelphia on Tuesday.

Strong municipal performance, supply scarcity, and seasonal factors will draw retail investors to New York City's $860 million general obligation sale.

CONNECTICUT

ARKANSAS

Lackluster investment returns reported by some of the nation's largest public pension funds signal intensifying fiscal pressure on U.S. state and local governments, Moody's Investment Service said Tuesday.