Tag: Municipal Bond Credit
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Municipal Bond Credit Report: New Texas law tightens leash on local property tax rates
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: New legislation restricting Texas local governments’ ability to raise property tax rates could stress municipalities’ creditworthiness, ratings analysts warn… Link to Story
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Municipal Bond Credit Report: Illinois schools, municipalities benefit from state legislative feast
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: Local Illinois governments came out on the winning side in the new state budget, capital package, gambling expansion, and legalization of recreational cannabis adopted during a whirlwind 2019 spring legislative session… Link to Story
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Municipal Bond Credit Report: Puerto Rico Oversight Board says central government bondholders to get 36%-38%
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: The Puerto Rico Oversight Board said that central government bondholders would be get recoveries of 36% to 38% in a move that will be the basis of its plan of adjustment… Link to Story
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Municipal Bond Credit Report: How a Missouri county undermined lease appropriation debt
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: Lease appropriation ratings could be at risk if the market sees a contagion effect after a judge validated Platte County, Missouri’s position that it’s under no legal obligation to make up debt service shortfalls on $32 million of appropriation-backed bonds, Moody’s Investors Service warns in a new report… Link to Story
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Municipal Bond Credit Report: Richmond, California’s rocky road to recovery
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: A three-notch upgrade will buoy Richmond, California, as it prepares to bring refunding bonds to market… Link to Story
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Municipal Bond Credit Report: Puerto Rico board seeks legal action against municipalities, authorities over pension shortfall
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: The Puerto Rico Oversight Board referred 10 municipal governments and three commonwealth-wide authorities for legal action over their alleged failure to transfer $4.5 million withheld from paychecks to their employees retirement accounts… Link to Story
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Municipal Bond Credit Report: California lawmaker raises questions about tardy CAFR
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: California lawmakers are weighing decisions on the $214 billion budget this year without the benefit of the state’s audited financial documents… Link to Story
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Municipal Bond Credit Report: Detroit eyes bonds to replace federal dollars for residential blight program
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: Detroit Mayor Mike Duggan plans to ask voters to support $200 million of bonds to help fully remove residential blight by 2024… Link to Story
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Municipal Bond Credit Report: Judge lets a Missouri county walk away from bond pledge
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: A Missouri judge agreed with Platte County that it’s not on the hook to repay $32 million of defaulted industrial development bonds despite the county’s pledge to annually appropriate the funds needed to cover debt repayment… Link to Story
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Municipal Bond Credit Report: California schools’ budget windfall may provide only temporary relief
Categories: Municipal Bond Credit ReportMunicipal Bond Credit Report: A state budget boost for California public schools may only offer districts temporary relief, Fitch Ratings said in a report last week… Link to Story