Public finance

Gilt-edged Georgia boosted the amount of its borrowing this year to support the state's economy amid the COVID-19 pandemic, state official say.

Municipal investors are somewhat tepid on current low rates Monday ahead of the week's $`11.5 billion of new supply.

Municipals continued to correct, with yields on the AAA scales rising by as much as three basis points as signs point to investor pullback from current low yields.

It's still insufficient for New York’s Metropolitan Transportation Authority and other struggling issuers, according to Reinvent Albany.

The authority's issue will also provide new money to help finance renovations at the state's historic capitol building in Lansing.

Municipals were steady on Thursday a day after turning weaker for the first time in almost two months. Refinitiv Lipper reported $2.3 billion of inflows.

Municipal yields rose as much as four basis points on Wednesday, while new issues played the field.

The law restricting various aspects of debt issuance goes beyond the central government to also cover the public corporations.

Former Vice President Joe Biden already is running on a muni-friendly campaign platform.

Federal assistance in the next relief package is crucial for the largest statewide public transportation system’s financial health in 2021, the senator said.

Municipal bonds were steady to weaker as billions of dollars in new deals hit the screens Tuesday.

The $141 million deal from Equitable School Revolving Fund and being run by RBC Capital Markets consists of national charter school revolving loan fund revenue bonds.

Water utilities feel they have been left out of federal relief funding, making future financing in a WRDA bill important.

The total number of COVID-19 disclosures reported to EMMA for the week ending Aug. 9 was about 700, down from nearly 1,000 the previous week.

With June hotel bed tax collections off dramatically, the county's comptroller said "the pandemic continues to heavily weigh on the tourism industry."

As of Monday it wasn't clear how the election, which was supposed to be completed Sunday, would be extended.

Now investors have hit the reset button on municipal credit expectations and the corresponding return in demand has been quite strong.

Sharp revenue losses caused by the pandemic triggered a negative credit outlook for Long Island’s Nassau County as it prepares to roll out a new fiscal plan to combat a budget hole.

The competitive sale is scheduled for Aug. 19 with Stifel Nicolaus as financial advisor.

Stringer sent a letter to Mayor de Blasio on Monday calling on the city to fully fund the indirect cost rate (ICR) initiative.