The state's highest court unanimously ruled that a law Gov. Phil Murphy spearheaded to authorize up to $9.9 billion of bonds is constitutional.
The recovery from COVID-19 will not happen quickly and Americans should "learn to live" with the virus, as it will be around much longer than expected or hoped for.
Issuers say extending the deadline is helpful, but they still need more flexible funding such as the ability to use federal aid to replace lost revenue.
Without giving a reason, Florida’s bond-funded passenger rail developer severed ties with Virgin and said the train system’s name will revert to Brightline.
The move will enhance economic recovery from the coronavirus, the rating agency said.
On Tuesday, the Federal Reserve reduced interest rates in its Municipal Liquidity Facility by 50 basis points in each credit rating category.
They cited recent waves of COVID-19 in rural and farmland areas and the success of mass transit overseas at containing the spread.
The Federal Reserve reduced the interest rate spread on MLF tax-exempt notes by 50 basis points for each credit rating category.
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The Federal Reserve reduced the interest rate spread on MLF tax-exempt notes by 50 basis points for each credit rating category.
August 11
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Federal assistance in the next relief package is crucial for the largest statewide public transportation system’s financial health in 2021, the senator said.
August 11
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California's second-largest district says it will apply stricter standards than the state's when in-person learning does resume.
August 11
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The $141 million deal from Equitable School Revolving Fund and being run by RBC Capital Markets consists of national charter school revolving loan fund revenue bonds.
August 11
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Producer prices final demand exceeded expectations by two-times over, while small business optimism shrunk.
August 11
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Water utilities feel they have been left out of federal relief funding, making future financing in a WRDA bill important.
August 11
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The total number of COVID-19 disclosures reported to EMMA for the week ending Aug. 9 was about 700, down from nearly 1,000 the previous week.
August 11
