This piece first published June 15, 2017, Debtwire Municipals
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Alaska lawmakers are likely to reach a budget agreement ahead of the 1 July start of FY18, avoiding a shutdown, but any resolution will not be a comprehensive solution, said Jonathan King, vice president and senior economist at Northern Economics.
This piece first published June 6, 2017, Debtwire Municipals
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California Governor Jerry Brown’s (D) proposal to double the state’s FY18 pension contribution by borrowing from a USD 70bn pooled money account is a gamble, said Joe Nation, a professor at Stanford University and former state lawmaker.
This piece first published May 30, 2017, Debtwire Municipals
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While some distressed municipalities seeking market access can break through and obtain financing at reasonable rates, several factors play into a municipality’s ability to issue debt, market sources say.
This piece first published May 11, 2017, Debtwire Municipals
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Connecticut lawmakers will ultimately determine if the City of Hartford will file for bankruptcy, as the city lobbies for USD 40m in aid to help close a multi-year budget gap, multiple sources say.
This piece first published May 1, 2017 Debtwire Municipals
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San Bernardino, whose exit plan from Chapter 9 bankruptcy protection was approved earlier this year, still faces distress conditions, but sees no benefit in filing for bankruptcy a second time, said Mark Scott, city manager.
This piece first published April 19, 2017, Debtwire Municipals
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President Donald J. Trump’s (R) budget proposal, which proposes steep cuts to some higher education programs, is cause for alarm at some institutions, multiple stakeholders told Debtwire Municipals.
This piece first published January 4, 2017, Debtwire Municipals
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Representatives from the City of Scranton will meet with Ambac this week to discuss a proposal from the insurer to refinance a portion of the city’s Ambac-wrapped debt, Business Administrator David Bulzoni confirmed to Debtwire Municipals.
This piece first published November 14, 2016, Debtwire Municipals
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A former New Jersey senator will soon receive control of Atlantic City, said three sources familiar with the matter.
This piece first published October 5, 2016, Debtwire Municipals
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Alaska’s pension obligation bond (POB) is tentatively scheduled to price on 26 October, resulting in one of the largest POB issuances ever, said Deven Mitchell, Alaska’s debt manager, in an interview with Debtwire Municipals.
This piece first published at Forbes.com: click here for link
After just a few months in office, Philadelphia’s new mayor accomplished something former New York City Mayor Michael Bloomberg only dreamed of: a soda tax.
MARIA AMANTE 