Tag: Municipal Bond Credit
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Municipal Bond Credit Report: Latest Chicago pension fund reports lay out frail conditions
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: Warnings about the weak health and liquidity risks of Chicago’s pension system abound in the funds’ 2018 financial reports… Link to Story
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Municipal Bond Credit Report: Law dissolving Miami-Dade toll road agency spurs downgrade
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: Florida Gov. Ron DeSantis signed a bill dissolving the Miami-Dade County Expressway Authority, despite analysts’ warnings that another wave of rating downgrades could result… Link to Story
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Municipal Bond Credit Report: Westchester County sales tax hike gets a rating agency’s praise
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: A sales tax increase for New York’s Westchester County should provide new recurring revenue to restore structural balance after years of weak reserve levels, according to S&P Global Ratings… Link to Story
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Municipal Bond Credit Report: Outlook shift to positive affirms Hartford comeback, mayor says
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: An upward ratings revision of Hartford by S&P Global Ratings represents continued validation of the financial recovery efforts in Connecticut’s capital, Mayor Luke Bronin said… Link to Story
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Municipal Bond Credit Report: Miami-Dade Expressway Authority predicts chaos
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: Chaos could lie ahead for management of south Florida’s toll roads, Miami-Dade County Expressway Authority board members said this week at what may have been their final meeting… Link to Story
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Municipal Bond Credit Report: Chicago kills off $1.4 billion of short-term debt programs
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: Chicago will terminate $1.4 billion of short-term borrowing programs, saving the city about $22 million in fiscal year 2020, Mayor Lori Lightfoot said Thursday… Link to Story
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Municipal Bond Credit Report: Los Angeles school ratings take a hit following parcel tax failure
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: Los Angeles Unified School District, the second largest in the nation, sustained a rating cut after its parcel tax measure failed to win voter approval earlier this month… Link to Story
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Municipal Bond Credit Report: Marijuana bond issuance clouded by federal status
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: The legal uncertainties surrounding the multibillion-dollar legal marijuana industry mean bonds backed by cannabis taxes are probably a long way off… Link to Story
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Municipal Bond Credit Report: Population growth drives Texas local sales tax revenue
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: Amid a continuing population surge, local government sales tax allocations in Texas for June rose more than 10% over the same month last year to $782.1 million, state Comptroller Glenn Hegar said… Link to Story
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Municipal Bond Credit Report: St. Louis readies $97 million deal with rating tailwinds
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: With one upgrade in hand and an airport privatization plan still on the table, St. Louis heads into the market Thursday with a $97 million deal after a brief delay due to a skirmish between the city’s comptroller and its mayor… Link to Story