- by Robert Crump The State of California is expected to issue $2.2 billion in General Obligation Bonds this week. The negotiated sale is scheduled for March 10th with an amortization schedule between 2021 and 2050 and Citigroup and RBC and joint senior managers....
Economic Analysis – Regional or Local
Chronically Late Municipal Bond Audits Further Delayed in FY 2018
By Richard A. Ciccarone, President of Merritt Research Services, an Investortools, Inc. Company Every year since 2007, Merritt Research Services1 (Merritt Research) reports the time it takes for municipal bond borrowers to complete their annual financial audits. The...
Featured Bond – Utah Transit Authority $551 Million
The Utah Transit Authority (UTA) is scheduled to issue $511 in Sales Tax Revenue Bonds and Sales Tax Refunding Bonds with Wells Fargo as the lead manager. The negotiated sale is scheduled for November 6th, 2019. Each of the three Series has unique characteristics, so...
Featured Bond – City of New York $930 million in General Obligation Bonds
The City of New York is expected to issue $850 million in General Obligation Bonds to finance its 2020 budget and various capital projects planned for the new year. The sale is scheduled between October 1st to the 3rd, with Jefferies as the lead underwriter and many...
Featured Bond – Week of September 9th, 2019; City of Austin to Issue $233 million in Capital Improvement and Refunding Bonds
The City of Austin is scheduled to issue $233 million in bonds to finance its debt and to fund in whole or in part several voter-approved capital projects. The bonds are expected to be scheduled for sale on September 10, 2019 with Ramirez & Co., Inc. as the lead...
County Employment and Wage Growth Move in Different Directions in Q3 2017
County Employment and Wage Growth: Employment Up but Wages Down in Third Quarter 2017. The U.S. Bureau of Labor Statistics this week released its Third Quarter figures for county employment and wage growth. Employment increased in 283 of the 346 (82%) largest...
State and Local Government Workforce Expands Nationwide in 2016
State and Local Government Workforce Expands Overall, Including Majority of States in 2016 by Jeffrey L Garceau State and local governments expanded their total workforce in 2016, according to new data from the U.S. Census Bureau. The 2016 Annual Survey of Public...
State GDP Growth in the 1st Quarter of 2017: South Rises, Plains Feels Pain
Southeast and Southwest Both Experience Strong GDP Growth, Most States Improve Over Q1 2016. The U.S. Bureau of Economic Analysis has released their Gross Domestic Product numbers for each state and region for the first quarter of 2017. Positive GDP growth occurred in...
States Show Broad Growth, Concentrated Challenges In First Quarter
First Quarter GDP Numbers Reveal Thriving Coasts, Struggling Interior This week, the U.S. Bureau of Economic Analysis released their Gross Domestic Product numbers for each state and region for the first quarter of 2016, which saw increases in GDP for 37 states plus...
Metro Area Unemployment Numbers Show Improvement
The Bureau of Labor Statistics has released its metropolitan area unemployment figures for February 2016. Over 76% of the distinct metro areas (296 of 387) have improved over the year of February 2015 to February 2016. The lowest ranked metro area was Burlington-South...