Municipal Bond Disclosure

Featured Bond – Week of September 2nd, 2019: State of California to Issue $2.3 Billion Dollars in General Obligation Bonds

Aug 31, 2019 | Cities & States, Local Government Districts & Authorities, Municipal Bond Disclosure, Municipal Bond Market News/Research, Municipal Bond Trading & Underwriting, Municipal Bonds, Municipal Finance, News, States

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,...

Fiscal Year 2017 Municipal Bond Audit Times Are Still Too Slow

Dec 5, 2018 | Disclosure - Cities, Featured Article, Municipal Bond Disclosure, Municipal Bond Documents & NRMSIRs, Municipal Bonds, Municipal Bonds, Credit Quality and Disclosure, Municipal Finance, Municipal Finance - General, State Municipal Bond Conduit Authorities, States - States, Districts & Territories, Utilities - General Sites

Municipal Bond Audit Times Show Slight Improvement Since 2015 But Most Still Late to the Table -- The County, State and City Sectors are the Least Timely By Richard A. Ciccarone Municipal bond analysts and investors are accustomed to waiting a lot longer for...

Does Municipal Bond Credit Quality Impact Annual Audit Times?

Oct 2, 2013 | Investor Relations, Municipal Bond - Pricing/Analytics, Municipal Bond Disclosure, Municipal Bond Market News/Research, Municipal Bond Trading & Underwriting, Municipal Bonds, Municipal Bonds, Credit Quality and Disclosure, Municipal Finance, Municipal Finance - General

Increased attention on local government fiscal stress and Chapter 9 bankruptcy filings has heightened concerns over municipal bond credit quality in wider circles than ever before. But while the Securities and Exchange Commission (SEC) requires certain issuers of...

Leading by Example: Syracuse University Is Fastest Municipal Borrower to Complete Financial Audits

Sep 27, 2012 | Municipal Bond Disclosure, Municipal Bond Trading & Underwriting, Municipal Bonds, Municipal Finance, Municipal Finance - General

Syracuse University is known for many things: its Orangemen, its hilly campus, and its famous alumni, including Joe Biden, Dick Clark, and William Safire. But perhaps one of its lesser known accolades is that it is a leader in timely financial reporting among...

Most Municipal Audits Still Slow, Despite Push for Timely Transparency

Sep 19, 2012 | Investor Relations, Municipal Bond Disclosure, Municipal Bond Market News/Research, Municipal Bond Trading & Underwriting, Municipal Bonds, Municipal Bonds, Credit Quality and Disclosure, Municipal Finance, Municipal Finance - General

In the corporate bond market, the Securities and Exchange Commission (SEC) requires that annual audit reports be submitted within 60 to 90 days of the close of the fiscal year. While the Municipal Securities Rulemaking Board (MSRB) has said that it would like to have...