Bonds

Wide-spread mask wearing and following other health-care measures will be vital to economic growth in the U.S., said Federal Reserve Bank of Dallas President Robert Kaplan. “While monetary and fiscal policy have a key role to play, the primary economic policy from here is broad mask wearing and good execution of these health-care protocols,” Kaplan
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New York’s Metropolitan Transportation Authority and the Transit Innovation Partnership have launched a “COVID-19 response challenge” to engage the private tech industry and rapidly evaluate and deploy innovative technologies that make public transit safer in light of the pandemic. “To truly modernize every element of how we run our transit system, you have to look
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The public agency that manages St. Louis public transit hits the market as soon as Tuesday with a refunding to ease near-term COVID-19-induced revenue strains. The Missouri-Illinois Metropolitan Bi-State Development Agency is selling $171 million of combined lien mass transit sales tax appropriation refunding bonds including $13 million of tax-exempts and $158 million of taxables.
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The Puerto Rico Oversight Board approved a fiscal plan expected to increase property tax revenues to the island’s municipal governments by 26%. The governments have been struggling financially. The move Friday afternoon is an attempt by the board to free localities from depending on central government subsidies. Puerto Rico Executive Director Natalie Jaresko said improving
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Federal Reserve Vice Chairman Richard Clarida said the economic damage wrought by the coronavirus pandemic may threaten the stability of long-term inflation expectations, a force economists believe is crucial to anchoring price pressures at their optimum level. Disruptions caused by the virus are putting downward pressure on prices generally, Clarida said Tuesday in the text
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KeyBanc Capital Markets has hired veteran municipal banker and project finance specialist Nathan Flynn to bolster its Midwestern presence, the firm announced this week. Flynn recently joined the Cleveland-based firm’s Indianapolis office as a managing director. He will cover Indiana, Midwest governments and non-profit entities, and will work on project finance opportunities nationally. Flynn will
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The Rialto, California-based West Valley Water District either lacked nearly half of its internal financial control measures, or they were not functioning effectively, leading to questionable hiring, spending, and contracting practices, according to State Controller Betty Yee’s audit, released Thursday. Of the 48 fundamental components, principles, and attributes of effective internal control systems — as
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