Municipal Bond Credit Report: CalPERS takes stance against tax initiative
Municipal Bond Credit Report: In a majority vote, the California Public Employee Retirement System board came out against a state initiative headed for November’s ballot that would limit the ability…
Municipal Bond Credit Report: Defaults are rising on highly leveraged workforce housing debt
Municipal Bond Credit Report: One tool aimed at helping to solve California’s notorious affordable housing crisis appears to be headed for a crisis of its own. Defaults are rising on…
Municipal Bond Credit Report: Florida’s budget contains $500M for continued paydown of state debt
Municipal Bond Credit Report: The Florida state legislative session ended Friday with lawmakers approving a $117.46 billion budget for fiscal 2024-2025, up 0.8% from the $116.5 billion fiscal 2023-2024 budget……
Municipal Bond Credit Report: Texas places charter school network under conservatorship
Municipal Bond Credit Report: IDEA Public Schools in Texas will operate under state oversight as part of a settlement agreement with the charter school network, which was the target of…
Municipal Bond Credit Report: Pennsylvania conduit borrowers aren’t subject to prevailing wage rules
Municipal Bond Credit Report: Private borrowers that issue tax-exempt bonds through Pennsylvania conduit issuers don’t need to follow the state’s prevailing wage requirements for public projects… Link to Story
Municipal Bond Credit Report: Another Arizona conduit authority borrower files for bankruptcy
Municipal Bond Credit Report: Harvest Gold Silica Inc. filed a Chapter 11 bankruptcy in federal court this week, after defaulting on bonds it sold through the Arizona Industrial Development Authority…
Municipal Bond Credit Report: GDPNow Latest estimate: 2.5 percent — March 07, 2024
Municipal Bond Credit Report: The GDPNow model estimate for real GDP growth (seasonally adjusted annual rate) in the first quarter of 2024 is 2.5 percent on March 7, unchanged from…
Municipal Bond Credit Report: Initiative 1935: Sweeping Measure to Limit Ability of State and Local Governments in California to Raise Revenues
Municipal Bond Credit Report: Voters in California may cast ballots this November on a proposal to make substantial changes to the California Constitution involving taxation and related government powers. ..…
Municipal Bond Credit Report: Home Sales Rebounded in January After Last Year’s Sharp Decline
Municipal Bond Credit Report: Sales of previously owned homes rose in January from the prior month, rebounding modestly after sales last year dropped to their worst level in nearly three…
Municipal Bond Credit Report: Attention BAB Issuers: Extraordinary Optional Redemption is Available
Municipal Bond Credit Report: For more than 10 years, as the subsidy for direct payment Build America Bonds (BABs) has been less than originally promised due to sequestration, issuers have…
