Author: Geoff Weitzel
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Municipal Bond Credit Report: Illinois deposit pushes up rainy-day fund balance
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: Illinois lawmakers passed legislation sending $850 million of surplus revenue to the state’s once-barren rainy-day fund — pushing it to a new peak of $1.85 billion — putting $400 million into a new business incentive program and directing $460 million to hospitals… Link to Story
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Municipal Bond Credit Report: Winter storm brings new chaos to Jackson, Mississippi, water system
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: For the second time within months, residents of Jackson, Mississippi, had no running water after a Christmas Eve deep-freeze wreaked havoc on the city’s flailing water system… Link to Story
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Municipal Bond Credit Report: Hiring, Wage Gains Eased in December, Pointing to a Cooling Labor Market in 2023
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: The U.S. labor market is losing momentum as hiring and wage growth cooled in December, showing the effects of slower economic growth and the Federal Reserve’s interest-rate increases… Link to Story
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Municipal Bond Credit Report: ‘State-controlled board’ envisioned to replace Disney’s Reedy Creek
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: The future of Walt Disney World’s (NYSE: DIS) Reedy Creek Improvement District finally may be taking shape, but without the theme park giant as part of it… Link to Story
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Municipal Bond Credit Report: Amid rising online security threats, issuers must protect credit quality
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: The increasing number and frequency of cyberattacks against municipalities is a cause for credit concern… Link to Story
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Municipal Bond Credit Report: As Infrastructure Windfall Approaches, Transit Agencies Grapple With How to Spend It
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: Federal money for big transit projects is on its way, and with it a new problem for transit agencies: balancing the need to repair with demands to expand service, while ensuring a windfall doesn’t go to waste… Link to Story
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Municipal Bond Credit Report: Storm Brings More Problems to Jackson, Miss., Water Supply
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: Residents of Jackson, Miss., on Tuesday were contending with little or no water pressure and a boil-water advisory as a result of line breaks caused by the frigid weather, the latest crisis for the city’s troubled water system… Link to Story
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Municipal Bond Credit Report: Threat of ransomware attacks adds to hospitals’ strains
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: The growing threat of ransomware attacks — and the cost to both deal with and prevent them — adds to the pressures on an already battered hospital sector that’s at risk of acute and longer-term fiscal wounds… Link to Story
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Municipal Bond Credit Report: Volatile oil and gas taxes dominate New Mexico revenue forecast
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: Abundant oil and natural gas taxes are pouring into New Mexico’s general fund, boosting revenue projections and sparking concerns over the fiscal impact of a future downturn in the state’s fossil fuel industry… Link to Story
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Municipal Bond Credit Report: Florida’s debt profile and revenue picture are solid heading into 2023
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: Florida is so well positioned economically that it should see stability through future economic cycles despite threats from rising inflation and higher interest rates, according to a report from the state Division of Bond Finance… Link to Story