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Three days before a judge rules on Detroit's bankruptcy exit strategy, the city posted a proposed order that defends the plan as conforming to all key federal benchmarks, highlighting its legal justification for favoring pensioners over bondholders.
November 5
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Tennessee has deferred $400 million of highway projects until 2016 because of concerns the Highway Trust Fund will be insolvent again in May.
November 4
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More than $10 billion of water and transportation infrastructure proposals are on Tuesday's state and local ballots.
November 3
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Despite the recent numbers, municipal experts said demand continues to be heavy for municipal bonds both for direct ownership and through mutual funds.
November 3 -
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The new-issue activity this week will be led by a $700 million New York City Transitional Finance Authority sale of future tax secured bonds and a $500 million North Texas Tollway Authority sale of first and second tier bonds.
November 2 -
A new guide from AASHTO examines current revenue sources and potential options for bolstering the Highway Trust Fund, including fees based on vehicle miles traveled.
October 31
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October's volume of $34 billion came in 17.7% higher than a year earlier, the third month in a row issuance was greater than at the same time in 2013, according to Thomson Reuters data.
October 31
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Puerto Rico plans to help its Highways and Transportation Authority through an oil tax increase and the sale of bonds from a new authority.
October 31 -
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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 two basis points in the week ending Oct. 30 to 4.35%.
October 30 -
Federal TIFIA loans and similar programs will become more prevalent as conventional highway grants shrink, according to Fitch Ratings, which says TIFIA loans have pluses and minuses for borrowers and other investors.
October 30
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Michigan's decade-long policy of repeatedly cutting local aid to help deal with its own fiscal problems has helped drive some of its local governments into fiscal crisis, the Chicago Fed says in a new report.
October 30
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Toll roads across the nation can expect to see higher volumes of traffic as lower fuel prices encourages more driving, according to Moody's Investors Service.
October 30
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