Without how long the pandemic will last, but knowing revenues will fall, county officials are forced to figure out ways to save money.
At a feisty board meeting, officials rolled out draconian scenarios of service cuts and fare and toll hikes should Washington help not materialize.
Ashton Goodfield, head of municipal bonds at DWS Group, talks with Chip Barnett about how the municipal bond market has been coping with the effects of the COVID-19 pandemic and what's in store for the rest of the year. (22 minutes)
In their first bond election of the COVID-19 crisis, Oklahoma voters rejected several proposals, including $120 million in the city of Norman.
States are currently projecting revenue declines of 12% to as high as 40% in the current fiscal year.
A Government Finance Officers Association-led working group put out recommendations this week on timely and pandemic-related disclosure.
Municipal bond issuers in the Southeast sold $27.7 billion of debt, down 7% year-over-year as the region saw fewer big transportation and prepay gas deals.
New York City's comptroller wants the mayor to pull the executive order he issued in March, when the city needed to quickly purchase ventilators and other coroavirus-related equipment.
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New York City's comptroller wants the mayor to pull the executive order he issued in March, when the city needed to quickly purchase ventilators and other coroavirus-related equipment.
August 26 -
Federal Reserve Bank of Kansas City President Esther George, who has been among the most hawkish Fed policy makers, doesn’t oppose some overshooting of the central bank’s 2% inflation target and sees more risk of price pressures being too weak than too strong.
August 26
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Michigan now pegs its three year coronavirus-related revenue losses at $5 billion but cautions that much remains unknown heading into 2021.
August 25
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New Jersey Gov. Phil Murphy pitched a revised $32.4 billion nine-month 2021 fiscal year budget that hinges on billions of borrowing and newly enacted taxes to confront a coronavirus-induced revenue gap.
August 25
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The region's municipal bond issuers borrowed $40.4 billion during the first half of the year as record low rates more than tripled refunding activity.
August 25
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Trump's bare-bones campaign agenda released Aug. 23 promises to “build the world’s greatest infrastructure system.”
August 25
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Nine major toll roads could generate more than $76 billion to help states deal with coronavirus pandemic costs.
August 25
