Municipal Finance

Vermont Bond Bank; $22 Million in College System Bonds

- by Robert Crump The Vermont Bond Bank (VBB) is scheduled to issue $22 million in State College System Bonds this week. Series 2020A is scheduled for a negotiated sale with Morgan Stanley as Senior Manager. Proceeds from the sale of the Bonds will be used to...

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

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,...

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. ...

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...

Archive By Date