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The Virgin Islands Public Finance Authority and Matching Fund Special Purpose Securitization Corporation plans to price $793.025 million of tax-exempt and $124.960 million of taxables.
March 22 -
Texas says it will crack down on financial companies it perceives to be mistreating the fossil fuel industry as it implements a 2021.
March 17 -
A bond-funded pension buyout extension and automatic transfers into the state's now meager rainy day and pension stabilization funds are being discussed by Illinois lawmakers as they look to wrap up their spring session next month.
March 10 -
The city says it can't afford a pension fund change that forces it to pay down unfunded liabilities more quickly; it may also lobby state lawmakers.
March 8 -
A Michigan House Republican plan would direct $1.15 billion of grants to local municipal pensions that agree to abide by certain conditions.
February 28 -
Lawmakers are being asked to put off a deadline to consolidate suburban Chicago and downstate police pension assets and extend the deadline for funds to reach a 90% funded ratio by 10 years.
February 25 -
The board said a stay would inflict serious harm on Puerto Rico by plunging it into “financial chaos,” send the bankruptcy process “back to square one,” and would “needlessly delay the commonwealth’s economic recovery.”
February 10 -
Illinois' burdensome pension tab and questions over whether revenue can keep pace with spending in the long term pose strains, but the governor's plan to use surpluses to pay bolster the rainy day fund and pension contributions and pay down bills moves the state in the right direction.
February 3 -
If all goes to plan, officials say the deal would prevent the islands' pension system from running out of money.
February 1 -
Virgin Islands Sen. Kurt Vialet said he expects the legislature to approve the refunding bill by Monday. The current bill does not include an interest rate cap that killed a refunding deal attempted in September 2020.
January 25