Joseph Krist, publisher of Muni Credit News, explores state budgets, federal aid, climate change and cybersecurity. Paul Burton hosts. (34 minutes)
Fitch affirmed $14.3 billion of annual appropriation-backed debt at AA-plus in addition to the $1.1 billion of AAA-rated general obligation bonds.
Ridership displacement, remote work and online shopping amplify pre-pandemic challenges such as large capital plans.
By contrast to the circus surrounding the Board of Elections, the City Council quickly passed a record $98.7 billion spending plan drama-free.
The Board of Elections acknowledged a major error in Tuesday's update. Outgoing Mayor Bill de Blasio and the City Council, meanwhile, are finalizing a $98.7 billion FY22 budget.
The Metropolitan Pier and Exposition Authority will scoop-and-toss fiscal 2022 debt service and current refund debt for savings as it looks to salve the lingering wounds inflicted by the pandemic.
A $3.7 billion transfer from the general fund would cover $2.5 billion for retiring and defeasing state debt, and $1.2 billion to backstop capital construction projects.
Aid ranges from as much as 22.7% of fiscal 2020 spending in Wyoming to as little as 4.9% in Wisconsin.
-
Aid ranges from as much as 22.7% of fiscal 2020 spending in Wyoming to as little as 4.9% in Wisconsin.
June 28
-
Only two of the nine justices were in favor of adding New Hampshire v. Massachusetts to the docket for the fall term.
June 28
-
According to State Comptroller Thomas DiNapoli, the brighter outlook could prompt increased rain-day deposits.
June 25
-
Over the years, Assured Guaranty has been open to guaranteeing in the U.K. and most of Europe, Australia, and New Zealand and through AGM in the U.S. they cover certain transactions within the Latin American region.
June 25
-
One big area of spending growth has been Medicaid health services for the poor, which is on track to jump by 12.5% in the current fiscal year.
June 24
-
Eric Adams, Maya Wiley and Kathryn Garcia are the top three, though under the new system, determining a winner could take weeks. For comptroller, City Council member Brad Lander had a solid lead over council Speaker Corey Johnson, 31.5% to 22.7%.
June 23
-
John Hallacy, founder of John Hallacy Consulting LLC, talks with Chip Barnett about the pandemic’s lingering credit impacts on state finances in a wide-ranging discussion of the many issues affecting the municipal market today. (17 minutes)
June 22
