Karen is a senior reporter covering the Southwest. She has covered the municipal bond market for more than 30 years at The Bond Buyer and Reuters. Prior to that she wrote about futures and options markets for magazines and was an award-winning reporter for a suburban Chicago newspaper chain.
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Changes affecting the turnpike's board, which take effect Nov. 1, come as it awaits a court ruling on issuing initial bonds for a $5 billion project.
By Karen PierogMay 30 -
A tender offer and a debt service shortfall related to bonds issued in the wake of Winter Storm Uri popped up this month as its financial impact lingers.
By Karen PierogMay 25 -
The Oklahoma Turnpike Authority asked the court to approve $500 million of bonds to jumpstart funding for a $5 billion extension project.
By Karen PierogMay 24 -
Austin planned to use property taxes approved by voters in 2020 to pay off bonds for the project.
By Karen PierogMay 23 -
Public sector employers are in a fierce competition with the private sector for workers and may be losing amid labor shortages and inflation.
By Karen PierogMay 22 -
The city's agreement for the $2.1 billion, mixed-use project to build an arena for the NHL's Arizona Coyotes included a bond-financed cleanup of a landfill.
By Karen PierogMay 17 -
The up to $600 million of airport revenue bonds, which are slated to price in July, will continue funding for the reconstruction of the terminal and concourses.
By Karen PierogMay 17 -
A change by the IRS increases the Permanent School Fund's capacity by nearly 86%, allowing its triple-A school bond guarantee to be widely available again.
By Karen PierogMay 15 -
UBS will compensate a Texas school district, which was forced to resell bonds after the state attorney general rejected the investment bank's contract to purchase the debt.
By Karen PierogMay 12 -
A proposed IRS regulation boosts the amount of bonds that can be guaranteed by nearly 86% to about $218 billion.
By Karen PierogMay 12