John Hallacy, founder of John Hallacy Consulting LLC, talks about the most important opportunities and challenges the municipal bond market will face in 2021. He gives his estimate on where muni volume may be headed, discusses the possibility of a federal infrastructure program and talks about what to expect under a Biden Administration. Chip Barnett hosts. (Recorded Dec. 22; 22 minutes)
The tax-exempt general obligation bonds were part of a $795 million proposal approved by voters on Nov. 3.
Sources expect funding to be put to use quickly compared to the CARES Act since many cities since stood up programs to provide pandemic related aid to households and small businesses.
The South Carolina Jobs-Economic Development Authority’s RecoverSC program has up to $100 million in total bonding authority.
The Connecticut Housing Finance Authority calls it a roadmap for creating greater opportunities for low- and moderate-income state residents.
The Treasury and IRS have only granted a few of the National Association of Bond Lawyers' requests for pandemic-related regulatory relief.
Budget watchdogs and others say the city must do more than just muddle through.
The bi-state agency may face further cuts to its capital program after receiving no funds in the second round of federal coronavirus relief.
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The bi-state agency may face further cuts to its capital program after receiving no funds in the second round of federal coronavirus relief.
December 30
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Chicago Public Schools will get more than it budgeted for from the federal emergency relief bill; the Illinois Regional Transportation Authority got a bit less.
December 29
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Massachusetts Treasurer Deborah Goldberg said state officers pivoted quickly as the coronavirus pandemic escalated.
December 28 -
New Jersey and Connecticut on Tuesday joined a legal battle to stop neighboring states from taxing residents who due to the pandemic have stopped commuting over state lines and are now working remotely.
December 24
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Garden State revenues increased in November based on recently enacted tax increases, but analysts say a sustained fiscal rebound hinges on progress confronting the COVID-19 pandemic.
December 24
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With its revised framework, it will take more than rising inflation for the Federal Reserve to raise rates.
December 24
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Thirty-five states reported general fund collections for fiscal 2020 from came in lower than original budget projections.
December 23
