MuniNet Guide Archive
Featured Municipal Bond Issue, Week of November 5, 2018: Stockton Public Financing Authority, CA Water Revenue Refunding Bonds
Featured Municipal Bond Issue, Week of November 5, 2018: Stockton Pubic Financing Authority, CA Water Revenue Refunding Bonds, Series 2018 A — $150.1 Million (Green Bonds) The Stockton Public Finance Authority on behalf of the city of Stockton Water Utility system...
Featured Municipal Bond Issue– City of Los Angeles, CA Wastewater System Subordinate Revenue Bonds
Featured Municipal Bond Issue, Week of October 29, 2018: City of Los Angeles, California Wastewater System Subordinate Revenue Bonds — $362 Million (Includes $220.5 Million Green Bonds) For the second time this month, MuniNet features a bond issue from the City of...
Risk Perception of State and Local Government Debt May Stress Taxes and Leverage Without a Certainty of Payment – Use of Statutory Liens, Special Revenues and Other Means of Assurance
By James E. Spiotto Fiscal distress of or perception of risk of nonpayment by government begets higher cost of borrowing and even loss of access to the market The perception of fiscal distress leads to higher interest rates (cost of borrowing) in the global markets:...
Featured Municipal Bond Issue: Hillborough County Aviation Authority Tampa International Airport Revenue
Tampa International Airport Featured Municipal Bond Issue, Week of October 22, 2018: Hillborough County Aviation Authority (Tampa International Airport) Revenue Bonds – $402 Million The Hillsborough County Aviation Authority is issuing $402,270,000 in bonds for the...
The Metropolitan Government of Nashville and Davidson County, Tennessee — $724.4 Million
SHARE THIS: FACEBOOKTWITTERLINKEDIN PRINT | EMAIL Featured Municipal Bond Issue, Week of October 15, 2018: The Metropolitan Government of Nashville and Davidson County, Tennesse -- $724.4 Million The Metropolitan Government of Nashville and Davidson County,...
Department of Water & Power of the City of Los Angeles, CA — $300 Million
SHARE THIS: FACEBOOKTWITTERLINKEDIN PRINT | EMAIL Featured Municipal Bond Issue, Week of October 8, 2018: Department of Water and Power of the City of Los Angeles, California — $300 Million The Department of Water and Power of the City of Los Angeles, California is...
Illinois Finance Authority — $340.9 Million for OSF Healthcare
Featured Municipal Bond Issue, Week of October 1, 2018: Illinois Finance Authority for OSF Healthcare— $340.9 Million The Illinois Finance Authority is issuing $340,935,000 million Revenue Refunding Bonds, Series 2018A in for the purposes of refunding outstanding...
City Public Pensions Plans– Those That Go It Alone vs. Those that Share the Liability With Other Governments
Funding Ratios for City Government Multi-Employer Plans Don’t Get the Attention that Goes to Single Employer Plans Breakdown by Pension Plan Type While most government watchdogs focus heavily on single employer public pension plans accountable only to a single city, ...
Douglas County Unified School District #497, KS Issues $43.5 Million
SHARE THIS: FACEBOOKTWITTERLINKEDIN PRINT | EMAIL ( ) Featured Municipal Bond Issue, Week of September 24, 2018: Unified School District #497 Douglas County, Kansas (Lawrence) -- $43.5 Million The Lawrence Unified School District #497, Kansas (officially called the...
Use of Foreign Trade Zones and Economic Development Projects to Help Deal with Financial Challenges and Lack of Sufficient Tax Revenues
by James E. Spiotto, Co-Publisher of MuniNet The new reality of tariff wars and 20% surcharges on foreign manufactured parts and goods The tax reform of 2018 created a 20% surcharge on foreign manufactured goods or parts coming into the United States. Recent U.S....
State of Colorado Rural Colorado Certificates of Participation
Featured Municipal Bond Issue, Week of September 17th, 2018: State of Colorado Rural Colorado, Certificates of Participation, Series 2018 The State of Colorado is issuing $500 million in Certificates of obligation for the purposes of paying for construction on...
Cincinnati — Taking a Look at One City’s Approach to Alleviating the Burden of Pension Legacy Costs
Legacy costs, especially for mature cities, can carry a long lasting burden on the finances of municipalities challenged by massive unfunded pension liabilities and retiree health care costs. Those cities most affected by these burdens also typically experience high...
Featured Municipal Bond — City of St. Petersburg, FL Utility Refunding Revenue Bonds
Featured Municipal Bond Issue, Week of September 10th, 2018: City of St. Petersburg, FL Utility Refunding Revenue Bonds – $204 Million According to its offering statement, the City of St. Petersburg is issuing $204 million in revenue bonds for the purposes of ...
Featured Bond –State of California Issues Taxable and Tax-Exempt Bonds
Featured Municipal Bond Issue, Week of September 4th, 2018: State of California General Obligation Bonds – $989.3 Million The State of California is issuing $989,270 million in general obligation bonds for the purposes of refunding certain outstanding bond and...
Evolution of Tax Policy in the Midwest States
Approaches to Taxation and Leverage in the Midwest, James Spiotto Addresses Tax Policy in an Ever Changing Economy In a previous MuniNetGuide article, James Spiotto addressed the demographic, economic, and debt characteristics of Midwest states, providing context for...
Commonwealth of Massachusetts Tops List of Negotiated Sales for Week of August 27, 2018
Featured Municipal Bond Issue, Week of August 27th, 2018: Commonwealth of Massachusetts General Obligation Bonds – $727 Million The Commonwealth of Massachusetts is issuing $727.1 million in general obligation bonds for the purposes of financing capital improvements...
State of Illinois to Issue $920 Million in General Obligation Bonds
Featured Municipal Bond Issue, Week of August 20th, 2018: State of Illinois General Obligation Refunding Bonds– $920 Billion The State of Illinois is issuing $920 million in general obligation bonds for the purposes of refunding all or a portion of certain...
State of Illinois to Issue $920 Million in General Obligation Bonds
Featured Municipal Bond Issue, Week of August 20th, 2018: State of Illinois General Obligation Bonds – $920 Million The State of Illinois is issuing $920.2 million in general obligation bonds for the purposes of refunding certain outstanding bonds and to pay...
Spiotto on the Benefits of Economic Development and Stimulus from Needed Infrastructure Improvements to Deal with Tax Policies, Issues, Leverage Problems, Financial Distress and Unfunded Pension Obligations
We cannot avoid economic cycles but history of financial stability points the way In the U.S.A., financial challenges and difficulties in balancing a government budget are not so much caused by the desire to spend more than tax revenues currently generate but rather...
MuniNet Guide Featured Municipal Bond Issue: City and County of Denver, CO International Airport $2.3 Billion Revenue Bonds
The featured municipal bond is the City and County of Denver, Colorado, which plans to issue $2,276,100,000 in airport system subordinate revenue bonds the week of August 13, 2018. The bonds are being issued as a two series AMT and Non-AMT tax-exempt obligation, for...
Allegheny Health Network issues $914.9 Billion in Tax-Free Bonds
Featured Municipal Bond, Week of August 6, 2018: Allegheny County Hospital Development Authority Revenue Bonds – $914.9 Million The Allegheny County Hospital Development Authority is issuing $914.9 million in general obligation bonds the week of August 6, 2018....
Advocate Aurora Health to Issue $1,230 Million in Taxable and Tax-Exempt Bonds
Featured Municipal Bond Issue, Week of August 6, 2018: Advocate Aurora Health to issue $1.2 Billion in Taxable and Tax-Exempt Bonds The Advocate Aurora Health group is planning to issue four series of taxable and tax-exempt bonds the week of August 6, 2018. The...
Forsyth County School District — $147.5 Million in General Obligation Bonds
Featured Municipal Bond Issue, Week of July 23rd, 2018: Forsyth County School District (General Obligation, Series 2018) – $147.5 Million The Forsyth County School District, GA is issuing $147 .5 million in general obligation bonds the week of July 23rd, 2018. The...
Midwest Demographic, Economic, and Debt Factors: The Good, the Bad and the Ugly
James Spiotto Looks at Approaches to Taxation and Leverage in the Midwest, Starting With Recent Regional Demographic, Economic, and Debt Characteristics This article is Part I of a series of looking at approaches state and local governments Midwest could take to tax...
Virginia Bond Issue is Competitive Sale of $107 Million in General Obligations
Featured Municipal Bond Issue, Week of July 16th, 2018: Competitive Virginia Bond Issue (General Obligation) – $107 Million The Commonwealth of Virginia is issuing $107 million in general obligation bonds the week of July 16th, 2018. The bonds are being issued as a...