Despite the coronavirus pandemic, Tennessee state revenue collections last month were about $156 million more than the budget estimate.
Hempstead, N.Y., Supervisor Donald X. Clavin Jr., talks about the town’s receipt of $133 million of CARES Act federal funding and the subsequent credit rating upgrade by Moody’s during the COVID-19 pandemic. He speaks about how the town’s conservative budgeting helps bolster its financial position during tough economic times. Andrew Coen hosts (24 minutes).
The companies said the new offering combines ICE Data Services’ expertise in municipal bond pricing and reference data alongside ADP’s aggregated, anonymized and timely HR and compensation data.
Municipals were little changed Monday as participants await the larger new-issue calendar while equities and U.S. Treasuries react to news out of Washington and COVID-19 ravages the globe.
As issuance rose in 2020, so did municipal bond insurance usage, with $34.167 billion wrapped, or 7.5% insured total issuance from almost 5.7% in 2019.
Federal aid and budget cuts could erase Texas's nearly $1 billion revenue shortfall, state Comptroller Glenn Hegar says.
Rhode Island Housing and Mortgage Corp. is coming off its inaugural social bond issuance.
After a dramatic year of pandemic and a record bond proposal, Dallas ISD is taking bids on $274 million of bonds to upgrade schools.
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After a dramatic year of pandemic and a record bond proposal, Dallas ISD is taking bids on $274 million of bonds to upgrade schools.
January 11
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Despite a fiscal blow, Oklahoma landed in a better position than many expected, the treasurer says.
January 8
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President-elect Joe Biden's cabinet picks include the governor and Boston Mayor Marty Walsh, the latter for Labor Secretary.
January 8
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The Federal Reserve has returned about $42 billion to the U.S. Treasury, and will soon transfer another $20 billion in excess funds connected to emergency lending facilities that stopped offering new loans last month.
January 7
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Ross expects 2021 to be another challenging year and plans to work vigilantly with other muni market stakeholders.
January 7
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Federal CARES Act grants and loans, and bond market access, have helped mitigate the financial damage to hospitals caused by the pandemic.
January 7
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A new period of social liberalization and economic excess could emerge by 2022, leading to inflation and a return to higher interest rates.
January 7
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