Public finance

OKLAHOMAComanche County Independent School District No. 3 (Sterling)Apr 1, 2011 . . . . . . $375,000

CALIFORNIAMillbrae School DistrictApr 1, 2011 . . . . . . $17,999,527

A $1 billion financing for the North Texas Tollway Authority, a $500 million offering from the New York Transitional Finance Authority and a pair of Colorado deals will lead the still-paltry new-issue activity in the municipal bond market.

ALASKAAnchorageMar 31, 2011 . . . . . . $112,000,000

ALABAMAMillbrook (City)Mar 28, 2011 . . . . . . $10,500,000

Tax-exempt municipal money market funds lost nearly $3 billion in the week ended March 28 as total net assets fell to $319.30 billion, according to the Money Fund Report, a service of iMoneyNet.com.

CONNECTICUTMiddletown (City)Mar 30, 2011 . . . . . . $8,900,000

ALABAMAMillport Industrial Development AuthorityMar 30, 2011 . . . . . . $20,000,000

CONNECTICUTVernon (Town)Mar 29, 2011 . . . . . . $3,755,000

CALIFORNIACalifornia Municipal Finance AuthorityMar 28, 2011 . . . . . . $51,685,000

The downturn in property tax receipts for municipal governments may finally have begun.

Despite volatility in the municipal market, sales of individual tax-free bonds to retail investors have been brisk even as cash withdrawals from muni mutual funds are still high, experts say.

Households surpassed their previous record and hit a 20-year high as they hoarded $1.095 trillion of the nearly $3 trillion of outstanding municipal bond debt issued by states and local governments as of 2010, according to data recently released by the Federal Reserve.

IOWALinn-Mar Community School DistrictMar 28, 2011 . . . . . . $1,755,000

INDIANAShelbyville Redevelopment AuthorityMar 28, 2011 . . . . . . $11,535,000

CALIFORNIALos Angeles County SchoolsMar 25, 2011 . . . . . . $130,160,000

After a brief bounce in volume last week, the municipal market could be lulled back into its recent slumber as only $1.93 billion is expected to be priced in the primary this week, according to Ipreo LLC and The Bond Buyer.

KANSASJohnson County Public Building CommissionMar 24, 2011 . . . . . . $35,395,000

ALABAMATallassee (City)Mar 24, 2011 . . . . . . $8,500,000

Tax-exempt money market funds gained a bit, reversing last week’s losses by generating $137.8 million of new cash and pushing total net assets to $322.2 billion in the week ended March 21, according to the Money Fund Report, a service of iMoneyNet.com.