Public finance

The Franklin County Convention Facilities Authority will issue $138.2 million of lease revenue anticipation refunding bonds to refund or redeem outstanding Build America Bonds.

A coastal Oregon tribe sued the federal government to slow the issuance of two offshore wind leases.

The districts, which finance public infrastructure for housing developments, are dealing with limited revenue growth and state actions to cut property taxes.

Eric Goldwyn of the Marron Institute's Transit Costs Project joins The Bond Buyer's Caitlin Devitt to talk about his latest report that offers five recommendations to speed up the delivery of high-speed trains in the U.S.

North Carolina is the latest state to eye using a P3 to build tolled express lanes amid insufficient state funding.

"Given increasing student demand for charter schools, we anticipate continued strong supply issued into the municipal market," according to Nuveen.

The triple-tax-exempt bonds should be in demand, especially the non-AMT series, analysts said.

Despite the underperformance to USTs, munis saw positive momentum during the first two weeks of September with the asset class returning 0.68% so far this month and 1.99% year-to-date.

Given the Fed's reluctance to "surprise markets or take actions that could be perceived as overtly political," Interactive Brokers Chief Strategist Steve Sosnick said, "we find it hard to believe that anything other than 25 bp is the likely outcome for the upcoming FOMC meeting."

A negative outlook for the city's AA rating by Fitch Ratings follows similar action taken by S&P Global Ratings in July.

Ed Rendell's approach to infrastructure and financial management as Philadelphia mayor and Pennsylvania governor put him ahead of his time.

While supply falls next week as investors await their first Fed rate cut in four years, it should pick up after the FOMC, Barclays PLC said, adding the 30-day visible pipeline "is at relatively manageable levels at the moment." Bond Buyer 30-day visible supply is at $10.09 billion.

Current FHWA deputy administrator Kristin White will serve as acting administrator until a successor is named.

Household ownership of individual bonds was the largest category of muni ownership at 44.6%, mutual funds at 19.2%, exchange-traded funds at 3.1% and U.S. banks at 12.4%. While not detailed in the Federal Reserve data, SMAs may hold up to $1.6 trillion currently.

NAFOA is supporting passage of the Tribal Tax & Investment Reform Act, which would free up tribal bond issuance.

The Payson Town Council's passage last month of a bond resolution using an emergency clause violated the Arizona Constitution, according to a lawsuit.

California's state government typically pushes out billions of dollars of debt from August to November. This year there may be a shift in buy side sentiment.

Over a long, successful career, former New York City Director of Management and Budget Mark Page has shaped more than his share of public finance innovations. 

Municipal bond mutual funds saw inflows as investors added $1.258 billion to funds — the second-largest inflow figure year-to-date after $1.413 billion of inflows for the week ending Jan. 31.

The agencies are overstepping their statutory authority in trying to force the market to adopt a new securities identifier, says the American Bankers Association.