Public finance

Nebraska's largest school district has more than $770 million of unfunded pension liabilities after some pension fund investments turned sour.

The $650 million Denver International Airport terminal remodeling project has run up against concrete deficiencies in the original structure.

Merrigan, a Vietnam veteran who led Ziegler's municipal research team, has died at 68.

New Jersey Senate President Steve Sweeney says the state needs to overhaul pension and health benefits to rebuild its ratings.

Dallas-Fort Worth International Airport expects to save money with the refunding deal as it advances plans for a new terminal and refurbished runways.

Texas expects to see sizable savings by refunding general obligation bonds for water programs across the state.

The municipal bond market got stronger still as yields continue to go lower and muni/Treasury ratios decrease, ahead of $6.8 billion of new paper.

During the kickoff to infrastructure week, the National League of Cities president said the market will take a hit if an infrastructure bill doesn't pass.

Moody's put the Illinois State Toll Highway Authority's A3 rating on review for a downgrade in the wake of the Puerto Rico ruling.

Flannery, current deputy chief financial officer for Chicago, will begin her new job in North Carolina June 10.

Market participants have a lot of issues to cover this week at the Smart Cities annual conference — climate change and resiliency, AI, cybersecurity and more.

Reports of overtime abuse, a call for a prosecutor and strained labor relations, intermingled with a fiscal crisis, produced an explosive board meeting.

Travis County has closed on a $330 million, triple-A rated deal to fund the civil and family courts building in downtown Austin.

As the innovation- and resilience-themed Smart Cities conference begins, questions include how well is New York prepared for another Sandy-like catastrophe.

Municipal bond market participants are keeping one eye on the sale calendar and the other on the equities market.

The Austin City Council voted Thursday to issue $470 million in debt to purchase an East Texas biomass power plant that has only one customer, the city itself.

In the week ended May 9, the weekly average yield to maturity of the Bond Buyer Municipal Bond Index, which is based on 40 long-term bond prices, fell to 3.78% from 3.82% the previous week.

Gov. J.B. Pritzker's about-face on re-amortizing to reduce next year's pension contribution is one less negative rating factor, agency analysts said.

The anticipated surplus for fiscal years 2019 through 2013 has dropped to $11.6 billion from $15.1 billion, leaving less money for debt service and capital spending.

Transportation issues took center stage in the muni market on Thursday.