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Minnesota Gov. Mark Dayton will propose a compromise transportation funding bill to resolve a legislative deadlock.
May 16
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Washington State Treasurer and National Association of State Treasurers president Jim McIntire this week called on the federal government to play a more active role in securing infrastructure funding for local governments and called on lawmakers to protect the tax-exempt status of municipal bonds to fund such projects.
May 16
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The next president and new Congress have an opportunity to reverse the ongoing decline in the nation's aging infrastructure.
May 16
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German Pellets Texas LLC and Texas Pellets Inc. filed petitions for Chapter 11 reorganization last month with $184.7 million of tax-exempt industrial development bonds outstanding.
May 13
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Puerto Rico will need help from Washington to maintain future market access and avoid a descent into "third-world" economic conditions, municipal bond fund managers said.
May 13
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For the 32nd straight week, municipal bond funds reported inflows, according to Lipper data released Thursday. Weekly reporting funds saw $1.212 billion of inflows in the week ended May 11, after inflows of $709.727 million in the previous week, Lipper said.
May 12
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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, fell three basis points to 3.90% from 3.93% in the previous week.
May 12 -
Rep. Randy Hultgren, R-Ill., warned House subcommittee leaders considering tax reform proposals on Thursday that a cap or elimination of tax exemption for municipal bonds could raise the cost of infrastructure projects in their own districts.
May 12
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Investors snapped up Chicago's $537 million water revenue bond issue, allowing the city to trim the steep interest penalties its bonds typically face.
May 12
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A Colorado lawmakers proposal for a $3.5 billion state road bond referendum fails in the final hours of 2016 session.
May 11
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The Indianapolis Airport Authority said this week that it has agreed to settle a dispute with the Internal Revenue Service over rebate liability in connection with $347 million of tax-exempt bonds, even though it disagrees with the IRS' position on the bonds.
May 11 -
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A California authority and a high school district said this week that they are prepared to file a protest and appeal of an expected Internal Revenue Service proposed adverse determination that $25.4 million of tax-exempt variable rate demand bonds are taxable.
May 10
