Public finance

Members of a bipartisan panel appear to agree in principle on a long-term proposal to narrow the state's annual highway funding gap by using more state revenue, adding taxes and fees and lowering annual bonding for transportation.

The House of Representatives' vote to impeach a president for only the third time ever had 'zero' impact on the municipal market, while stocks soared.

Opponents to the under-the-radar provision say its harshness could impede the execution of the MTA's new capital program by deterring contractors.

The markets suggest investors won't react to the impeachment of President Trump, while a mixed bag of indicators say the economy will continue growing at a moderate pace.

San Francisco Public Utilities Commission officials say more green bond investors bought into its most recent deal, which carries third-party certification.

The Dormitory Authority of the State of New York priced its $3.39 billion of bonds, most likely the last billion-plus sale of 2019.

Fitch Ratings revised the outlook on its AA-minus rating to negative from stable.

Justin Elicker will take over a Connecticut city with challenges that include low pension funding and a rift between downtown and its poorer neighborhoods.

Missouri officials are balking at approving $30 million in state aid to help finance the construction of a Major League Soccer stadium in downtown St. Louis.

The primary municipal market saw fresh paper greeted by bond-craving investors who are looking to put money to work before a new decade dawns.

A new fiscal plan adopted by the Port Authority of New York and New Jersey increases debt service payments by 8% to support large-scale infrastructure efforts.

The index gained 0.4% year-over-year in October.

The agreement includes a $125 million increase in Community Development Block Grants and a $245.5 million increase in grants to state and local law enforcement.

CFO Dave Massaron said the city is mindful of a potential downturn as it navigates its fiscal recovery from bankruptcy.

As there are just eight full work days remaining in the year, muni market leaders believe that 2020 will look a lot like 2019 — high volume, increasing taxable issuance and strong demand.

Reuben R. McDaniel III will head the Dormitory Authority of the State of New York.

Denver International Airport expects to pay up to $210 million in termination costs to exit a public private partnership for renovation of its main concourse.

The Illinois Toll Highway Authority’s $698 million refunding eliminates its synthetically fixed debt in favor of fixed-rate paper.

Observers say the deal with the Transport Workers Union could strain the authority's operating and capital budgets.

Issuance drops ahead of the holidays; taxables maintain their presence.