Category: Municipal Bond Credit Report
-
Municipal Bond Credit Report: Chicago Mayor proposes property tax increase to close budget gap
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: Chicago Mayor Brandon Johnson on Wednesday proposed a $17.3 billion fiscal 2025 budget that calls for a $300 million property tax increase, a move that reverses a campaign promise but avoids cutting back on pension payments that are integral to the city’s credit ratings. .. Link to Story
-
Municipal Bond Credit Report: College puts Manhattan campus on market ahead of default
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: The Metropolitan College of New York is trying to sell real estate in lower Manhattan as part of a deal with bondholders allowing the school to skip a debt payment in November… Link to Story
-
Municipal Bond Credit Report: PFAS regulations most likely to squeeze small, poor utilities
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: The U.S. Environmental and Protection Agency’s new PFAS water treatment rules are most likely to hit water utilities serving small service areas with poor populace and old infrastructure the hardest, analysts say… Link to Story
-
Municipal Bond Credit Report: Chester, Pennsylvania’s bankruptcy nears two-year mark
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: Chester, Pennsylvania, is broke, its state-appointed receiver says. This fact is not in dispute. Chester is one of the only two municipalities in the country with an active bankruptcy, and is millions of dollars short of its pension obligations… Link to Story
-
Municipal Bond Credit Report: Midwest private colleges face continued enrollment declines
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: Fitch Ratings and Moody’s Ratings downgraded Xavier University, a private Jesuit college in Cincinnati, to A-minus from A and to Baa1 from A3, respectively, last week. .. Link to Story
-
Municipal Bond Credit Report: Moody’s puts Chicago schools on notice amid governance and policy turmoil
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: Moody’s Ratings on Tuesday put the Chicago Board of Education on notice that it will watch the school district’s next steps after Chicago Mayor Brandon Johnson appointed a new school board. All seven previous board members resigned earlier this month… Link to Story
-
Municipal Bond Credit Report: Public finance impact of hurricanes’ one-two punch is still taking shape
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: As the people in the path of Hurricanes Helene and Milton continue to dig out from the damage, the municipal bond market continues to assess the storms’ impact on public finance in the Southeast… Link to Story
-
Municipal Bond Credit Report: U.S. Consumers Drive Retail Sales Growth
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: American shoppers and diners closed out the summer without much sign of cutbacks—fresh evidence of how strong consumer spending has helped insulate the economy from a downturn… Link to Story
-
Municipal Bond Credit Report: Hurricane Helene won’t hammer Florida’s CAT fund
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: While Hurricane Helene could have short- and long-term impacts on government finances and the economy, observers say Florida’s hurricane catastrophe fund has sufficient funds to cover damages without requiring immediate replenishment… Link to Story
-
Municipal Bond Credit Report: Colorado metropolitan districts face challenges
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: Colorado’s metropolitan districts face constrained revenue growth due to flat or slightly falling property values, but their creditworthiness is likely to remain stable through 2025, according to Moody’s Ratings… Link to Story