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For the week ended April 16, the weekly average yield to maturity of the Bond Buyer Municipal Bond Index, which is based on 40 long-term bond prices, increased one basis point to 4.23% from 4.22% in the week ended April 9.
April 16 -
The Michigan Legislature has passed a bill giving Detroit bondholders a statutory lien and intercept on its income-tax bonds, a measure aimed at easing the city's first public market sale since the end of its high-profile bankruptcy.
April 16
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Virginia terminated its ties with a toll-road developer after spending almost $300 million on the $1.4 billion project.
April 16
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The firm, which opened its doors in Philadelphia on April 11, 1975, is now one of the nation's leading providers of independent financial advisory services to state, local, and regional government and non-profit institutions and clients throughout the country.
April 16
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A $15.1 billion, 16-year transportation package proposed by Washington State House Democrats includes more than $8 billion of new projects to be funded with an increase in the state gasoline tax and up to $4.3 billion of state general obligation bonds.
April 15
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Lower pump prices are boosting fuel consumption and vehicle miles traveled, leading to higher gas tax collections, a trend Moodys Investors Service expects to continue over the near-term.
April 14
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Tax reform proposals to curb tax exemption for municipal securities would create uncertainty in the market, possibly lead to higher borrowing costs, and hurt infrastructure development, issuer and borrower groups warned a Senate Finance Committee working group this week.
April 14
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Congress should consider raising motor fuels taxes to shore up the dwindling Highway Trust Fund, a bipartisan grassroots group advocating responsible fiscal policy said this week.
April 14
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Municipal bond volume is poised to rebound in the coming week, led by a deal from the Port Authority of New York and New Jersey.
April 10
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