Public finance

Fiscal 2020 added another $3.8 billion to the state's unfunded pension liabilities, according to a new state report.

New York State's short-term revenue losses, resulting from coronavirus shutdowns, won't curb enthusiam for the Empire State Development Corp.'s offering, according to market sources.

The project will construct a new 11-mile east-west freeway south of Lincoln, Nebraska, and it will be financed in a way that doesn’t infringe on state borrowing limits or expose investors to undue credit risk.

The LBJ Infrastructure Group, operator of managed lanes on a Dallas highway, will sell $1.2 billion of bonds through a conduit issuer.

Munis firmed Friday, only the second time in December they weren't flat, and more than a few participants are waiting on yields to rise before getting involved, particularly given the rich muni/treasury ratios and low absolute yields.

City Council-approved residential construction tax and changes to a property tax abatement program paves the way for a borrowing plan that would aid the city’s poorest communities.

Pinned into a corner from the economic effects of COVID-19, the mass transit agency tapped its remaining amount available through the Municipal Liquidity Facility, which expires at year's end.

Wisconsin will use new pools for negotiated transactions starting next year

Bid list volume is trending higher into the end of the year, but its share as measured against overall high demand does not pose much of a threat, analysts say. Refinitiv Lipper reports $992 million of inflows.

The largest tranche of the deal, $706 million with a 5% coupon in 2047, yielded 4.15%, a 275 basis point spread over triple-A paper.

The $1,000 denomination Liberty Bond deal aimed to lure socially conscious, retail investors to broaden its investor base.

For taking proactive measures to update city infrastructure during the height of pandemic, Tampa, Florida's $362.8 million water and wastewater systems revenue and refunding revenue bond transaction earned The Bond Buyer's Deal of the Year for the Southeast Region.

COVID-19 brought the primary to a standstill in March and April. The municipal market is now set to eclipse $450 billion of issuance in 2020, a record.

The state will use debt service savings from the refunding side of the deal for near-term budget relief; the deal includes its first taxable refunding bonds.

Muni benchmarks were steady while new deals re-priced to lower yields in a tale of two markets. ICI reported more inflows.

The reoccuring Water Resources Development Act is expected to pass the Senate this month.

Ma says the group is committed to developing a more inclusive economy and society

Juan Carlos Blanco has a background in law, finance, and government service.

The president named former Utah and Michigan budget director John Nixon and New York educator Betty Rosa. Ana Matosantos may be gone permanently from the board.

Strong technicals, low supply, yield-seekers keep munis outperforming.