Author: Geoff Weitzel
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Municipal Bond Credit Report: Budget boom times wane for Southwest states
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: Fiscal 2023 ended with higher revenue for most Southwest states, but shrinking growth rates indicate their coffers won’t continue to overflow as federal stimulus subsides and tax cuts erode collections… Link to Story
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Municipal Bond Credit Report: Chicago mayor vows new revenue, long-term pension fix
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: Chicago Mayor Brandon Johnson addressed municipal bond investors and other market participants for the first time Wednesday during The Bond Buyer’s infrastructure conference in Chicago, the same day the administration floated a budget forecast showing a $538 million gap heading into next year… Link to Story
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Municipal Bond Credit Report: Persistent pension problem has Dallas eying pension bonds
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: Pension obligation bonds may be on a list of options for Dallas officials as they tackle a persistent funding problem in the city’s retirement system… Link to Story
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Municipal Bond Credit Report: Bankruptcy judge OKs interim funding for Texas hospital
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: A bankrupt, bond-financed Texas hospital that opened for business in November 2021 will obtain $2.7 million for operating and other expenses under a federal judge’s interim order issued late last week… Link to Story
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Municipal Bond Credit Report: Bankruptcy judge OKs interim funding for Texas hospital
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: A bankrupt, bond-financed Texas hospital that opened for business in November 2021 will obtain $2.7 million for operating and other expenses under a federal judge’s interim order issued late last week… Link to Story
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Municipal Bond Credit Report: Florida escapes most of Idalia’s wrath as hurricane season nears peak
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: While the economic loss from Hurricane Idalia will be counted in the billions of dollars, it could have been a lot worse as it pales in comparison to the death and destruction brought about by Hurricane Ian last year… Link to Story
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Municipal Bond Credit Report: The Fall in Home Prices May Already Be Over
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: Home prices aren’t falling anymore. After declining on a year-over-year basis for five consecutive months—the longest run of declines in 11 years—U.S. home prices rose in July… Link to Story
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Municipal Bond Credit Report: Harvey, Illinois, finally seals deal ending litigation over bond default
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: Five years almost to the day since bondholders sued Harvey, Illinois, over a payment default, the litigation concluded Tuesday with court approval of a settlement that features fresh, unrated debt with extra protections for investors and a friendlier debt payment schedule for the long-struggling Chicago suburb… Link to Story
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Municipal Bond Credit Report: California’s late financial reports get rating agency attention
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: California’s late audited financial statements continue to be a topic of discussion for agencies rating the state’s bonds… Link to Story
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Municipal Bond Credit Report: Senior-living operator cites pandemic in bankruptcy filing
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: A senior-living company filed for bankruptcy last week after it exhausted an emergency loan, the latest to falter because of Covid-19. .. Link to Story