Public finance

GFOA considers a minimum baseline level of reserves to be 16%.

Without federal funding, many toll facilities will be forced to comply with bond covenant requirements, which could mean reductions in workforces and delays in capital projects, toll groups said.

The primary supply for the holiday-shortened week is projected to dip to just over $4 billion, with a mix of tax-exempt and taxable issuance led by Colorado’s $500 million of certificates of participation.

The Unsecured Creditors Committee say that two factors make it clear the current restructuring deal will never be approved.

Denver International Airport plans to apply up to $560 million of existing bond funds to accelerate a gate construction project.

First finance officer from a K-12 school district to serve as GFOA president had to deal with coronavirus fallout.

The board, a vestige from the 1970s fiscal crisis, is a lingering motive for the city to approve a balanced budget.

Investors, while confident long-term about the transit authority, worry about immediate risks, Chairman Patrick Foye said in a letter.

Taxable equivalent yields on exempts are close to converging into taxables.

The GFOA is advocating for federal funding for special districts, which have not received any specific funding.

Municipal to U.S. Treasury ratios were attractive, especially on the short end, which drove secondary yields lower.

The agency has lost substantial revenue from plummeting ridership and faces rising COVID-19-related expenses.

The mass transit system still holds a strong presence despite three bond rating downgrades amid the coronavirus, Chief Financial Officer Robert Foran said.

The front of the municipal yield curve is 'astounding' and traders said dealers are uncharacteristically accepting the levels, likely due to the historically attractive ratios.

The Evanston, Illinois-based university will offer $300 million of taxable debt as soon as Wednesday after losing its gilt-edged rating status.

New York's DASNY is expected to make a $1 billion private placement Friday.

Chicago officials, who present a budget in October, are reviewing scenarios that consider how long shutdowns remain in place and what happens afterward.

John Boyd Jr. of corporate site selection firm Boyd Co. discusses economic development scenarios, including the need for a "dramatic, New Deal-type" infrastructure bill. Paul Burton hosts.

The primary was up and running Monday with Connecticut’s $850M offering for retail while many Texas issuers were active on the heels of the Fed news that it is open for business for munis.

The Federal Reserve opened the door to participating in a competitive bidding process for short-term notes, a requirement in Illinois law.