Author: Geoff Weitzel
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Municipal Bond Credit Report: New Jersey ‘Path to Progress’ plan touted as boost to low bond rating
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: New Jersey Senate President Steve Sweeney says the state needs to move forward with a proposed pension and health benefits overhaul to protect its bond ratings… Link to Story
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Municipal Bond Credit Report: Reversal on pension re-amortization eases pressure on Illinois credit
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: Illinois Gov. J.B. Pritzker’s decision to shelve a re-amortization of the state’s pension funding schedule eases near-term pressure on the state’s battered ratings, analysts said.. Link to Story
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Municipal Bond Credit Report: Downturn could test resilience of Connecticut’s cities
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: Connecticut’s municipalities generally enjoy high bond ratings. Whether they can sustain them in a downturn is still up for question… Link to Story
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Municipal Bond Credit Report: Unfunded liabilities burden Rhode Island’s local pension plans
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: Many Rhode Island municipalities have their work cut out in managing their pension obligations, according to a state advisory council… Link to Story
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Municipal Bond Credit Report: Moody’s offers some ammunition to Illinois graduated tax backers
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: Moving to graduated income tax rates could lay the groundwork for Illinois to rebuild its credit quality if it uses the new revenue to tackle core problems, particularly pension funding, Moody’s Investors Service said in a review of Gov. J.B. Pritzker’s centerpiece fiscal proposal… Link to Story
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Municipal Bond Credit Report: Chicago goes to court over pension fund intercepts
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: A Chicago lawsuit argues that the state comptroller is improperly intercepting city grant revenue to cover pension fund claims of contribution shortfalls… Link to Story
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Municipal Bond Credit Report: Pennsylvania Turnpike confronts its burden of debt
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: The Pennsylvania Turnpike Commission is weighing a return to bonding for mass-transit projects… Link to Story
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Municipal Bond Credit Report: Revenue struggles send a New Jersey Catholic college closer to junk
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: Mounting debt and expenses amid a competitive higher education landscape have put Georgian Court University at risk of losing its investment grade rating… Link to Story
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Municipal Bond Credit Report: Green New Deal would boost municipal bond market
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: The Green New Deal has sparked a national debate over climate change that could lead to a massive boost to the public finance sector once the details about the role that the municipal bond market would play are eventually determined… Link to Story
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Municipal Bond Credit Report: Moody’s issues warning in Florida expressway dispute
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: A second rating agency is warning Florida lawmakers about the negative consequences that may befall the Miami-Dade County Expressway Authority if legislation usurping the agency’s decision-making power becomes law… Link to Story