Sell side

Forward delivery sales, a replacement for tax-exempt advance refundings, could grow in 2021.

New Jersey lines up $400M sale with outlook boost

The commonwealth's largest public pension fund acknowledged an erroneous investment return that was just high enough to avoid triggering a teacher risk-sharing provision.

Lawmakers added more money and projects to Idaho's Garvee program in 2017 partly to counter congestion from the state's massive population growth.

Moody's elevated the state's GOs to Aa3 from A1, citing a commitment to boosting rainy-day balances and sound governance during the pandemic.

Officials cited borrowing flexibility before a joint meeting of the transit authority's oversight board and the Massachusetts Department of Transportation.

As the governor faces an impeachment inquiry, just how New York State government will function on budget and other matters is an open question.

Johnson, in his announcement to run, emphasized New York’s recovery from the COVID-19 pandemic through effective use of federal stimulus dollars.

Two top state lawmakers, who along with Cuomo comprise the “three people in the room” that hash out the spending plan, pulled their support of the New York governor.

Far West municipal issuers sold $99.1 billion of debt last year, a 16% increase from 2019, picking up the pace in the second quarter after a hiccup in March when the coronavirus first put society on pause.

Jacqueline Dunn had held the interim position since last September.

Municipal bond issuers in the Southeast sold $76.91 billion of bonds in 1,152 issues in 2020, putting volume slightly ahead of 2019, according to Refinitiv data.

Refunding volume swelled in the Midwest by 53% in 2020, driving bond issuance in the Midwest to a 15.8% year-over-year increase, to more than $83.5 billion.

Lt. Gov. Dan McKee succeeds her on a day state voters approved seven bond measures totaling $400 million.

Municipal bond issuers in the Southwest, despite the pandemic — or perhaps in part because of the conditions it created — set a record for annual issuance.

Northeast municipal issuers sold $129.99 billion of debt in 2020 amid the disruption of the COVID-19 pandemic.

Municipal issuers in the Southwest sold $93.5 billion of debt in 2020, a year in which the coronavirus upended the way bond business is done.

The governor wants the first full actuarial contribution in 25 years, spurring discussion about what else one of the nation's lowest-rated states should do.

The rating agency called the commonwealth's proposed rainy day fund withdrawal moderate.

Federal Highway Administration officials have told the mass transit agency they would fast-track an environmental review process.