Bonds

A ballot initiative that would have raised taxes on wealthy Californians to fund pandemic prevention and public health programs will appear on the 2024 ballot. Max Henderson, the startup investor who led efforts, told California Healthline they delayed the measure, because concerns about COVID-19 are being crowded out by economic pressures. “Our goal was to
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Transcription:Chip Barnett: (00:03)Hi and welcome to another Bond Buyer podcast. I’m Chip Barnett. My guest today is Tom Wright. He’s the president and chief executive officer of the Regional Plan Association. The Regional Plan Association is the nation’s oldest independent metropolitan research planning and advocacy organization. The RPA is a private nonprofit corporation, which aims
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Municipals were little changed Monday as investors awaited a larger new-issue calendar that kicks off with $800 million-plus Washington general obligation bonds in the competitive market Tuesday. Munis ignored the moves to higher yields in U.S. Treasuries while equities were down. Triple-A yields were steady while USTs moved three to eight basis points higher. Muni
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After dancing with default on a June municipal bond payment, the owners of American Dream megamall in New Jersey face an Aug. 1 payment on another set of tax-exempts. Two separate municipal bond offerings sold through conduit Public Finance Authority helped finance the mall. The largest, $800 million of limited obligation PILOT revenue bonds, stumbled
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Investors are continuing their flight from mutual fund investments, as individual investors and tax-exempt exchange traded funds take up more of the market share. That’s according to a recent mid-year market update from the Municipal Securities Rulemaking Board. “The supply/demand equation changed rapidly, as mutual funds, the largest buyer of municipal bonds, especially in the
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The Texas laws that bar underwriters with discriminatory policies against the oil and firearms industries may force municipalities to face higher borrowing costs as a result of less competition among underwriters. That’s according to a new paper that was dissected during the Brookings Institution’s 11th annual Municipal Finance Conference Monday. Its authors Daniel Garrett, an
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U.S. Representative Raúl Grijalva, D-Ariz., submitted a bill Friday for a binding plebiscite on Puerto Rico’s political status, but its chances of passage are slim. The bill would offer Puerto Rico voters three options: statehood, independence, and sovereignty in free association with the United States. The current status as a territory would not be offered.
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While some ownership questions were answered, U.S. Virgin Island senators were nearly universally skeptical about a presentation at a hearing Thursday from the purchaser of a major oil refinery site that’s been plagued by financial and environmental challenges for years at a hearing Thursday. The site, Limetree Bay Refinery, and the companies operating it since
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