Public finance

The Florida Cabinet approved new money and refunding bonds, some of which may be sold as taxable debt with advance tax-exempt refundings no longer possible.

The system took two rating hits over its rising debt levels and strained balance sheet metrics as it readies a $354 million borrowing.

Rates remain stagnant even as UST rallied Monday. Large deals from NYC and Texas issuers are on deck for Tuesday.

The aid includes $9.6 billion for the Puerto Rico Electric Power Authority to repair and rebuild the electrical grid and $2 billion for the Puerto Rico Department of Education.

A $3.3 billion budget proposal from County Executive Laura Curran hinges on refinancing outstanding bonds through triple-A-rated Nassau Interim Finance Authority.

Feeling the revenue hit from the coronavirus, the commission has received state approval for a second delay in $112.5 million quarterly transit payments.

Treasurer Shawn Wooden, the country's only Black elected state treasurer, spoke about diversity and inclusion to the Northeast Women in Public Finance.

On Friday, municipals finished little changed, with yields remaining steady along most of the AAA GO scales.

The new-issue market saw deals from Houston, the Illinois Finance Authority and the City and County of San Francisco, Calif., hit the screens.

City leaders are evaluating layoffs, raise deferrals, leasing city assets and postponing construction projects.

Duane McAllister and Lyle Fitterer of Baird talk with Chip Barnett about low rates and credit quality. They discuss the best scenarios for investors and issuers in these challenging times. (20 minutes)

The presidential candidate said Puerto Rico's debt should be audited and that some of it may have to be declared illegal and thus void.

Five specialists from the former BB&T Capital Markets, now part of Truist, are moving to Hilltop Securities.

Secondary trading picked up somewhat while the new-issue market saw a large amount of taxables in the negotiated space while Pennsylvania competitively sold $470 million of general obligation bonds.

With its ratings intact as it navigates the pandemic's impact, the large Illinois system is issuing new money and refunding bonds

Potential fiscal fallout from the police killing of George Floyd and the pandemic's economic strains brought a negative outlook to the city's AAA S&P rating.

The move by New York's mayor could precede more citywide action in the absence of federal rescue aid or state-authorized long-term borrowing.

Billions of public funds have been spent cleaning up the bay, but two lawsuits say those efforts are endangered because the EPA failed to do its job.

The Puerto Rico Housing Finance Authority may issue $250 million of tax-exempt capital fund modernization program refunding bonds the week of Sept. 28.

Former Rep. Joe Crowley, D- NY., said fellow Democrats need to get on board with using public-private partnerships as a way to pay for infrastructure.