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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 -
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The Port of Oakland said today that containerized export volume increased 7% last month from a year ago, the fourth consecutive month of increases.
May 9 -
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Colorado Senate has approved a $3.5 billion road note package that could go to voters in November.
May 6
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Infrastructure financing and tax reform will be major issues for presidential and other candidates in November, said municipal market participants.
May 6
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For the 31st week in a row, municipal bond funds reported inflows, according to Lipper data released Thursday. Weekly reporting funds saw $709.727 million of inflows in the week ended May 4, after inflows of $1.173 billion in the previous week, Lipper said.
May 5
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In the week ended May 5, the weekly average yield to maturity of the Bond Buyer Municipal Bond Index fell three basis points to 3.93% from 3.96% in the previous week. The BB40 Index is based on the price of 40 long-term bonds.
May 5 -
Two rating agencies flagged North Carolinas implementation of House Bill 2 in upcoming bond offerings amid a national controversy over the law seen by some as discriminatory towards the LGBT community.
May 5
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Developers of a proposed $12 billion Houston-Dallas bullet train want federal regulators to affirm their oversight of project.
May 5
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Longtime municipal credit analyst Richard Larkin has joined Stoever Glass & Co. as director of municipal credit analysis for the 50-year-old Wall Street firm that specializes in municipal bonds for individuals and families and is expanding its operations South.
May 4
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Poll finds scant support from Kansas City (Mo.) voters for bonds that would finance a new $964 million airport terminal.
May 4
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A year after North Carolina inked its first public-private partnership with I-77 Mobility Partners, lawmakers have filed bills to terminate the $648 million pact amid investigations into the deal.
May 4
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Conning has lowered its outlook on municipal credit for U.S. states to stable from improving as revenue growth began to show signs of strain amid rising expenditures. In its State of the States credit report for the first quarter, the investment firm said states have started to ramp up spending after years of restrained expenditures even as growth in revenue slows.
May 4
