Author: Geoff Weitzel
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Municipal Bond Credit Report: California’s bond-financed wildfire fund will absorb utility liabilities
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: California Gov. Gavin Newsom signed wildfire legislation Friday that extends a utility bill surcharge to back a new set of Department of Water Resources bonds… Link to Story
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Municipal Bond Credit Report: Oyster Bay, N.Y., gets a positive outlook after SEC settlement
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: A New York township that has been under the cloud of SEC scrutiny got a bump in its rating outlook… Link to Story
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Municipal Bond Credit Report: Latest Chicago pension fund reports lay out frail conditions
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: Warnings about the weak health and liquidity risks of Chicago’s pension system abound in the funds’ 2018 financial reports… Link to Story
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Municipal Bond Credit Report: Law dissolving Miami-Dade toll road agency spurs downgrade
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: Florida Gov. Ron DeSantis signed a bill dissolving the Miami-Dade County Expressway Authority, despite analysts’ warnings that another wave of rating downgrades could result… Link to Story
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Municipal Bond Credit Report: Westchester County sales tax hike gets a rating agency’s praise
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: A sales tax increase for New York’s Westchester County should provide new recurring revenue to restore structural balance after years of weak reserve levels, according to S&P Global Ratings… Link to Story
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Municipal Bond Credit Report: Outlook shift to positive affirms Hartford comeback, mayor says
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: An upward ratings revision of Hartford by S&P Global Ratings represents continued validation of the financial recovery efforts in Connecticut’s capital, Mayor Luke Bronin said… Link to Story
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Municipal Bond Credit Report: Miami-Dade Expressway Authority predicts chaos
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: Chaos could lie ahead for management of south Florida’s toll roads, Miami-Dade County Expressway Authority board members said this week at what may have been their final meeting… Link to Story
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Municipal Bond Credit Report: Chicago kills off $1.4 billion of short-term debt programs
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: Chicago will terminate $1.4 billion of short-term borrowing programs, saving the city about $22 million in fiscal year 2020, Mayor Lori Lightfoot said Thursday… Link to Story
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Municipal Bond Credit Report: Los Angeles school ratings take a hit following parcel tax failure
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: Los Angeles Unified School District, the second largest in the nation, sustained a rating cut after its parcel tax measure failed to win voter approval earlier this month… Link to Story
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Municipal Bond Credit Report: Marijuana bond issuance clouded by federal status
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: The legal uncertainties surrounding the multibillion-dollar legal marijuana industry mean bonds backed by cannabis taxes are probably a long way off… Link to Story