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...
Municipal Finance
Featured Bond: New Jersey Economic Development Authority, $500 million in Transportation Project Bonds
-by Robert Crump Our first featured bond of the new decade comes from the New Jersey Economic Development Authority (NJEDA), which is scheduled to issue $500 million in Transportation Project Bonds this coming week. The negotiated sale is scheduled for January 9th...
Featured Bond – Texas State University System $315 million
The Texas State University System is issuing $315 million in Education Bonds to refinance its outstanding debt and finance certain capital projects. The negotiated sale is scheduled for October 24th, with Morgan Stanley as the lead underwriter. About the Bonds Series...
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 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...
Featured Bond – Week of July 29, 2019: San Francisco Bay Area Rapid Transit District – $674 Million in GO Bonds (Green Bonds)
Featured Bond - Week of July 29, 2019: San Francisco Bay Area Rapid Transit District - $674 Million in GO Bonds (Green Bonds) By Ashton Hicks Overview The San Francisco Bay Area Rapid Transit (BART) District is issuing $674 million total in General Obligation Green...
MuniNet Guide Experts Roundtable: Michael Belsky
by Mardee Handler Current Trends in Municipal Finance: A Birdseye View Flint, Michigan made national news headlines when it experienced its water crisis in 2014. During the crisis, 12 people died and at least 87 others became sick from unsafe drinking water. Seven...
Featured Bond – Week of July 22, 2019: State of Connecticut $244 Million in General Obligation Refunding Bonds
Featured Bond - Week of July 22, 2019: State of Connecticut $244 Million in General Obligation Refunding Bonds Overview The State of Connecticut is issuing $244 Million in General Obligation Refunding bonds through competitive sale with a sale date of July 25, 2019....
Featured Bond – Week of July 15, 2019: Children’s Healthcare of Atlanta Inc. $915 Million in Revenue Bonds
Featured Bond - Week of July 15, 2019: Children's Healthcare of Atlanta Inc. $915 Million in Revenue Bonds Overview Children's Healthcare of Atlanta is borrowing $915 Million through negotiated sale during the week of July 15. The proceeds are to be used to develop...