Public finance

The IRS letter ruling publicly released Friday allows floating private equity to be used for a prohibited use for a tax-exempt bond-financed airport terminal renovation.

As the municipal market prepares for a busy week with big-name issues coming to market, industry analysts are already looking to what 2019 might have in store.

2018 hasn’t been the best or most active year but things are looking up after midterm elections, with what is expected to be a more pro-muni House. Volume this year is looking like it might be the lowest since 2011, but perhaps the new year will bring an infrastructure plan, where munis are expected to be a big component.

After a week that offered under $1 billion of deals, the market will look ahead to almost $6 billion of supply.

Chicago Public Schools is selling more than $1 billion of GOs, capital improvement tax bonds, and notes.

Tom Wolf's full plate includes a projected $1.7 billion deficit, with the state having already used one-time revenue measures such as tobacco and gambling.

Even as stocks turned higher on Wednesday, municipal bonds remained stronger before the Thanksgiving holiday.

As stocks continued to plunge, municipal bonds remained stronger along with Treasurys.

One Puerto Rico Oversight Board member said that approving the COFINA deal was the board's safest choice.

Once a high-profile story of fiscal mismanagement, D.C. is now providing an example other large cities are exploring for themselves.

Chicago expects to add more than $9 billion in O'Hare debt in the coming years to upgrade the airport's terminals.

The three previous PAFRs won financial reporting awards from the Government Finance Officers Association.

Municipal bonds continued to show strength along with Treasuries as equity prices continued their downward spiral.

Mike Barlow and Cornelia Levy-Bencheton, authors of Smart Cities, Smart Future, discuss the impact of this global movement of technology and innovation for municipalities, on infrastructure and P3s and for municipal green bonds. Chip Barnett hosts.

Puerto Rico credit unions say that the disclosure fails to provide concrete numbers on how bonds will be restructured.

Amid a volatile equity market landscape, municipal bonds remained strong.

The state's backlog of unpaid bills could skyrocket to $23.7 billion without budget changes, said a new report from Gov. Bruce Rauner's administration.

Treasurer Denise Nappier said a lottery revenue infusion and asset transfers could pump $3 billion into the Teachers' Retirement Fund.

Municipal bonds were stronger at mid-session as the market prepares for a quiet Thanksgiving holiday week.

Chicago officials say the city will complete its $3 billion securitization program with a $600 million deal as soon as January.