Public finance

Issuers of all sizes are taking advantage of the expanding taxable investor base — from institutions to international to SMAs — as the muni market evolves.

Judge John Cooper told the Florida Department of Transportation to increase Garcon Point Bridge tolls after FDOT failed to follow his order to do so in December.

Issuers in the Far West sold $85 billion of municipal bonds in 2019, a 23% increase from 2018.

Chris Mier, CFA of Loop Capital, says fiscal policy needs to achieve more at present and believes we are at a comfortable point in the credit cycle. Despite that conviction, he says the coronavirus will serve to slow growth. John Hallacy hosts.

Metropolitan Transportation Authority Chairman Patrick Foye blames Washington for "recalcitrance" over the Manhattan tolling plan.

Puerto Rico-based creditors took steps Tuesday to oppose the two biggest proposed restructurings of the commonwealth's bonds.

Municipal bond yields were unchanged at record low levels, according to late reads.

The Illinois attorney general's office is also believed to be looking into the foundation, which issued $170 million of tax-exempt bonds that have defaulted.

Rep. Peter DeFazio said gas tax revenue could finance $500 billion in Treasury bonds.

Moody's Investors Service revised its outlook on Detroit's general obligation bonds to positive from stable and affirmed its junk Ba3 rating.

Public pensions that relied on equity growth to ease unfunded liabilities could face a harsher reality, experts told The Bond Buyer's Texas Public Finance Conference.

The city's sustained financial health is attracting private investment and enabling it to fund neighborhood infrastructure needs, Mayor Bill Peduto said.

The Democrat unveiled a $40.9 billion FY 2021 spending plan that again pushes for higher taxes on incomes above $1 million.

The money is for post-Maria reconstruction costs.

As COVID-19 fears run rampant, investors continued to sell off equities, resulting in muni yields again following Treasury yields down to all-time lows.

Covenant's issuing tax-exempt debt to retire some variable-rate, term loan bank debt and taxable bonds to fund construction of a rehabilitation facility.

New York City has seen debt service savings in excess of $2 billion since 2014, but that the city must find more opportunities to cut costs, says Comptroller Scott Stringer.

Maria Doulis of the Citizens Budget Commission and Howard Cure of Evercore Wealth Management examine how the state's Medicare cost crisis could affect the city's budget. They also discuss the MTA, public housing and property tax overhaul. Paul Burton hosts.

Municipal bonds yields continued their descent and once again rewrote the record books, as the flight to safety on fears of COVID-19 that took place Friday picked up right where it left off.

Bankruptcy hearings are underway for Lindan Properties, one of five troubled bond-financed Better Housing Foundation affordable housing portfolios in the area.