Author: Geoff Weitzel
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Municipal Bond Credit Report: Rising Chicago deficit forecast raises eyebrows in muni market
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: Chicago released a budget forecast last week projecting that its corporate fund deficit will grow in upcoming years, jumping to $982.4 million in 2025 from $222.9 million at the end of 2024… Link to Story
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Municipal Bond Credit Report: New Hampshire case could upend its education funding
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: New Hampshire faces questions familiar to many states: whether it’s funding schools enough and whether its method of funding is acceptable… Link to Story
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Municipal Bond Credit Report: Small college’s downgrade underscores headwinds facing smaller schools
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: Mount Saint Mary College, a small liberal arts school in New York state, saw its bond rating downgraded to BBB from BBB-plus by Fitch Ratings, after persistent declines in student enrollment pressured the school’s finances… Link to Story
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Municipal Bond Credit Report: Don’t Wait for the Next Big Data Breach to Freeze Your Credit
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: It’s time to consider one of the most boring, but important, moves you can make for your money: Freeze your credit… Link to Story
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Municipal Bond Credit Report: GDPNow – Latest estimate: 2.9 percent — August 08, 2024
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: The GDPNow model estimate for real GDP growth (seasonally adjusted annual rate) in the third quarter of 2024 is 2.9 percent on August 8, unchanged from August 6 after rounding… Link to Story
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Municipal Bond Credit Report: GDPNow Latest estimate: 2.5 percent — August 01, 2024
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: The GDPNow model estimate for real GDP growth (seasonally adjusted annual rate) in the third quarter of 2024 is 2.5 percent on August 1, down from 2.8 percent on July 26… Link to Story
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Municipal Bond Credit Report: California achieved a balanced FY25 budget, but outyear issues remain
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: California’s fiscal 2025 budget dealt with the revenue gap that emerged in fiscal 2024, but further actions will be needed to achieve fiscal balance in out years, according to a Fitch Ratings commentary… Link to Story
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Municipal Bond Credit Report: Transit’s fiscal cliff is here. Which systems will go over the edge?
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: U.S. transit systems may not always offer accurate forecasts for when their trains will arrive, but for years, the country’s largest transit agencies have made one very solid prediction: they will run out of money in fiscal 2025… Link to Story
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Municipal Bond Credit Report: Midwest Christian Villages files for Chapter 11
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: Senior-living facilities operator Midwest Christian Villages — which does business as Christian Horizons and has issued bonds through the Illinois Financial Authority and the Health and Educational Facilities Authority of Missouri as Christian Homes, Inc. — filed for Chapter 11 bankruptcy last week… Link to Story
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Municipal Bond Credit Report: U.S. Inflation Data Keeps Door Open For September Interest Rate Cut
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: U.S. inflation broadly met expectations and remained above target in June, keeping alive the prospect of interest rates declining later this year… Link to Story