The bond insurer adds a second office in the Lone Star State, where it does a large volume of business.
Dynamics at play in New Jersey include the pandemic, an election year, massive borrowing, significant federal aid and a major pension liability problem.
Highlights of that aid include $3 billion for K through 12 schools, $308 million for childcare, and $370 million for rental, mortgage, and homeless assistance.
Advocates for state and budget officials say there is enough ambiguity in the legislation to warrant guidance from the Treasury Department.
A bill backed by the Municipal Employees’ Annuity and Benefit Fund underscores the fiscal strains created by Chicago's pension underfunding.
Denver is selling $274 million of dedicated tax bonds in a deal to fund projects at the National Western Stock Show complex and Colorado Convention Center.
Planning will require favorable tax policies, sophisticated capital programing, bond financing, and pioneering public-private partnerships. It also requires a cohesive national, bipartisan infrastructure plan as a foundation to begin addressing this impending infrastructure crisis.
Hank Smith, head of Investment Strategy at Haverford Trust, discusses the upcoming Federal Open Market Committee meeting, the coronavirus pandemic, inflation, and economic growth. He says, “at some point the Fed will have to acknowledge the economy may really take off.” Gary Siegel hosts. (Taped March 2. 26 minutes)
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Hank Smith, head of Investment Strategy at Haverford Trust, discusses the upcoming Federal Open Market Committee meeting, the coronavirus pandemic, inflation, and economic growth. He says, “at some point the Fed will have to acknowledge the economy may really take off.” Gary Siegel hosts. (Taped March 2. 26 minutes)
March 11
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The House voted 220-211 to approve Senate-passed amendments midday Wednesday.
March 10
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The next phase of pension risk analysis will be different and more challenging: Assessing the long-term impacts of individual jurisdictions’ choices in the context of their unique workforce demographics, benefits and salary structure, and pension funding status.
March 9
Build America Mutual -
The pandemic has caused some special circumstances for state and local governments in juggling their finances. Jeffrey Previdi, the vice-chairman of the Governmental Accounting Standards Board who spent more than 20 years of his career at S&P Global Ratings, talks about what his regulatory organization has done to assist them. Previdi also talked about how GASB influences how state and local governments spend taxpayer money on such things as schools, firehouses, water treatment plants, and other infrastructure. Brian Tumulty hosts. (25 minutes)
March 9 -
There is no deadline for local governments or states to spend the money, with much it expected to be put to use quickly.
March 8
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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.
March 8
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The Electric Reliability Council of Texas and CPS Energy, the public utility of the city of San Antonio, were downgraded after the cold weather power crisis.
March 8
