The State of California is scheduled to issue $2.3 billion dollars in Various Purpose General Obligation bonds in two parts. In order to refinance its outstanding debt, the state will issue $1.65 billion in Refunding Bonds. Proceeds from the remainder of the total,...
Month: August 2019
Featured Bond – Week of August 26, 2019: City of Atlanta to Issue $686 Million in General Revenue Airport Bonds
Featured Bond - Week of August 26, 2019: City of Atlanta to Issue $686 Million in General Revenue Airport Bonds The featured bond for the week of August 26, 2019 is the City of Atlanta's Hartsfield-Jackson International Airport. Atlanta’s Hartsfield-Jackson...
Featured Bond – Week of August 19, 2019: City of Houston, TX Combined Utility Revenue Bonds
Featured Bond – Week of August 19, 2019: City of Houston, Texas to Issue $785 Million in Combined Utility System Revenue Bonds Overview The City of Houston is issuing $785 million in Combined Utility System first lien revenue refunding bonds through negotiated sale. ...
Featured Bond – Week of August 5, 2019: State of Minnesota $673 Million in General Obligation Bonds
Featured Bond - Week of August 5, 2019: State of Minnesota $673 Million in General Obligation Bonds Overview The State of Minnesota is issuing $673 million in general obligation state bonds through competitive sale. The bonds are split into Series 2019 A-D. The 2019A...
What Illinois Can Learn From the Supreme Court of Rhode Island and Even Puerto Rico About Public Pension Reform
By James E. Spiotto The U.S. Supreme Court and virtually all state courts have recognized what the Rhode Island Supreme Court recently reaffirmed: insurmountable, unaffordable government contractual obligations for public pensions must be capable of reasonable and...