Author: Geoff Weitzel
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Municipal Bond Credit Report: SEC Charges Rochester, N.Y., Misled Investors
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: The city of Rochester, N.Y., former city and school-finance officials and a municipal advisory firm misled investors about the school system’s distressed finances, the Securities and Exchange Commission alleged Tuesday… Link to Story
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Municipal Bond Credit Report: Chicago Public Schools’ fund balance up and short-term debt down
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: Chicago Public Schools is proposing to spend $9.5 billion in the next fiscal year after closing the books June 30 with an expected $1 billion fund balance and no short-term debt outstanding… Link to Story
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Municipal Bond Credit Report: U.S. Inflation Hit 8.6% in May
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: U.S. consumer inflation reached an 8.6% annual rate in May, its highest level in more than four decades as surging energy and food prices pushed prices higher… Link to Story
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Municipal Bond Credit Report: Fed Likely to Signal Half-Point Rate Rises Through September After Inflation Report
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: Another high inflation report is likely to lead more Federal Reserve officials to anticipate a fourth consecutive half-percentage-point rate rise will be warranted at their meeting this September… Link to Story
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Municipal Bond Credit Report: Mortgage-Application Index Falls to Lowest Level in 22 Years
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: A measure of mortgage applications fell to its lowest level in 22 years last week, another sign the U.S. housing market is coming back to Earth after a red-hot, two-year stretch… Link to Story
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Municipal Bond Credit Report: Texas toll roads speed past the pandemic
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: The COVID-19 pandemic is largely in the rearview mirror for toll roads in Texas, where traffic and revenue are climbing and strong population growth is fueling demand. .. Link to Story
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Municipal Bond Credit Report: Education to benefit from New York State’s new gambling revenue stream
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: Since New York legalized the sports gambling industry five months ago, residents of the state have made almost $6 trillion in bets, according to the New York State Gaming Commission’s latest numbers… Link to Story
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Municipal Bond Credit Report: Local pension funds tread water around Chicago and Illinois
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: The collective health of 11 pension systems that cover Chicago and Cook County and local general government workers across the state mostly held steady in 2020, propped up by healthy investment returns and rising contribution levels for some of the funds that still fall short of actuarial standards… Link to Story
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Municipal Bond Credit Report: Investors Dip Back Into Municipal Bonds
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: Investors are creeping back into the municipal-bond market, eager to take advantage of bargains. .. Link to Story
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Municipal Bond Credit Report: Illinois public safety pension fund consolidation passes a legal test
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: An Illinois judge upheld the constitutionality of legislation consolidating suburban Chicago and downstate police pension and firefighter pension fund assets… Link to Story