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Municipal Bonds News

County may double its pension debt Sunday, August 1, 2010 @ 12:55AMSonoma County is preparing to borrow an unprecedented sum of $300 million to pay off unfunded pension obligations, a move that some financial experts call risky, and pension-overhaul advocates say papers over major structural problems in the county employee retirement system.
HOPEWELL TOWNSHIP: Titusville sidewalks project in the works Sunday, August 1, 2010 @ 12:55AMAn ordinance appropriating $331,222 for sidewalk improvements in the Village of Titusville was introduced Monday by the Hopewell Township Committee.
3 former GE bankers indicted as bid-rigging probe widens Sunday, August 1, 2010 @ 12:12AMThree former bankers with a General Electric unit that sold investment contracts to state and local governments have been indicted on charges of conspiring to profit at taxpayers' expense by rigging bids. The indictment reflects the broadening scope of a Justice Department investigation of municipal finance.
Structural weaknesses worry muni bond holders Sunday, August 1, 2010 @ 12:11AMInvestors in U.S. municipal bonds watch with concern the slow-motion deterioration in the finances of many of America's cities and states.
Beth LaMontagne Hall's City Hall: Former Mayor Guinta's ears closed to earmarks Saturday, July 31, 2010 @ 11:15PMFrank Guinta may not have asked for any federal earmarks when he was mayor, and he says he won't ask for them if elected to Congress.
Charter, Knology expected to have representation at Opelika public hearing Saturday, July 31, 2010 @ 9:32PMWhen the Opelika City Council meets for a public hearing Tuesday, it will be a chance for residents to voice their opinions on the city’s plans to create a city-owned telecommunications company.It turns out they won’t be the only interested parties.
Officials: Bond election would also provide money for existing schools Saturday, July 31, 2010 @ 8:54PMLeaders at Clovis Municipal Schools say if a special school bond election isn’t approved by voters Aug. 31, it would not only mean no new middle school but no money to expand or repair many existing school buildings. If passed, the $16 million bond...
China eyes gradual fiscal exit, no rate rise -IMF Thursday, July 29, 2010 @ 8:00AMBEIJING, July 29 (Reuters) - Subdued inflation is reducing the need for higher interest rates in China, which intends to withdraw its fiscal stimulus gradually, the International Monetary Fund said on Thursday.
DPC DATA Announces Distribution Agreement With TheMuniCenter Thursday, July 29, 2010 @ 7:30AMDPC DATA, a leading provider of municipal bond disclosure data, research and data services, today announced an agreement with TheMuniCenter , the market leader for secondary municipal bond trading.
Illinois's Political Inaction Boosts Borrowing Costs, Budget Director Says Thursday, July 29, 2010 @ 7:01AMThe price of political inaction is adding up, Illinois’s budget director said, and it’s measured in the state’s cost of borrowing.
Conmed Healthcare Management Will Report 2010 Second Quarter Financial Results on August 16, 2010 Thursday, July 29, 2010 @ 6:54AMHANOVER, Md.--(BUSINESS WIRE)--Conmed Healthcare Management, Inc. (NYSE AMEX: CONM), a leading full service provider of correctional facility healthcare services to county and municipal detention centers, today announced that management will announce its 2010 second quarter results after market close on Monday, August 16, 2010. Management will then host a conference call at 4:30 p.m. Eastern ...
Conmed Healthcare Management Will Report 2010 Second Quarter Financial Results on August 16, 2010 Thursday, July 29, 2010 @ 6:45AMHANOVER, Md.----Conmed Healthcare Management, Inc. , a leading full service provider of correctional facility healthcare services to county and municipal detention centers, today announced that management will announce its 2010 second quarter results after market close on Monday, August 16, 2010.
First State Reports Second Quarter Results Thursday, July 29, 2010 @ 6:13AMALBUQUERQUE, N.M.--(BUSINESS WIRE)--First State Bancorporation: OVERVIEW: Loans decreased $135.6 million. Deposits excluding brokered increased $24.3 million. Brokered deposits including CDARS reciprocal decreased $65.8 million. Net interest margin increased to 2.67% for the quarter. Total non-performing loans decreased $17.4 million. Liquidity increased $41 million since March 31, 2010 and $332 ...
First State Reports Second Quarter Results Thursday, July 29, 2010 @ 6:00AMALBUQUERQUE, N.M.----First State Bancorporation:
Hungary Costs May Rise in Longest-Term Debt Auction Since IMF Talks End Thursday, July 29, 2010 @ 4:27AMHungary’s borrowing costs may rise at its first auction of debt maturing in three or more years since breaking off loan talks with the International Monetary Fund and the European Union, says Intesa Sanpaolo SpA.
Harlingen police arrest man with multiple warrants Tuesday, July 27, 2010 @ 5:23AMHARLINGEN — A San Benito man arrested Saturday by Harlingen police had been sought since July 4 when officers received a call about a wanted person lighting fireworks at an apartment complex in the 800 block of North 25th Street in Harlingen.Luis...
China Regulator Aims to Ease Local Govt Debt Concerns Tuesday, July 27, 2010 @ 5:19AMChina’s banking regulator tried to ease concern over risks from bank lending to local government financing vehicles, saying such loans won’t necessarily go bad.
Audit reveals Florissant is holding $582,000 in cash bonds Tuesday, July 27, 2010 @ 3:47AMFlorissant Municipal Court officials are checking the system used for collecting fines and court costs.
Dagong Says China Ratings Miss Local Government Risks Tuesday, July 27, 2010 @ 12:31AMCredit ratings assigned to yuan- denominated bonds issued on behalf of local governments in China are misleading and don’t reflect risks investors face, Dagong Global Credit Rating Co.’s chairman said.
New York City Risk Premium Falls a Third in Year's Biggest Tax-Exempt Sale Tuesday, July 27, 2010 @ 12:31AMNew York City began an $800 million bond sale, its biggest tax-exempt offer of the year, as individual investors received a risk premium one-third lower than they demanded a month ago.
Miami-Dade County Saves $5 Million Annually in Airport Borrowing Fees Tuesday, July 27, 2010 @ 12:28AMMiami International Airport, the largest U.S. gateway to Latin America, said the financing costs for its most recent bond sale were about half a percentage point less than an April estimate.
Some cuts catch council's ire Tuesday, July 27, 2010 @ 12:20AMMICHAEL CAVAZOS Michael Cavazos/News-Journal Photo Jack Buttram attends a paramedic training class for the Longview Fire Cadet Program on Monday at the Longview Fire-Rescue Training Center. A budget proposal would suspend the program.
Economic Report: State budget gaps total $84 billion: study Monday, July 26, 2010 @ 11:25PMState budget gaps are now expected to total $83.9 billion for fiscal 2011, with shortfalls anticipated for the next couple of years, according to a new study.
Pirates Bay crowds, profits keep growing By Ben Tinsley Monday, July 26, 2010 @ 9:20PMDespite the constant threat of rain, Pirates Bay water park has continued to make a huge financial splash over the past month — with over 3,500 weekend visitors and double the expected profits during two of the weeks since it opened.
Bethlehem council panel backs spending on ice rink repairs Monday, July 26, 2010 @ 9:09PMEmergency repairs would come at the expense of Main Street parking spots, Sand Island and other facility improvements Bethlehem should use $540,000 originally targeted for parking and recreation projects and $200,000 from developer fees to pay for emergency repairs at the Municipal Ice Rink, a Bethlehem City Council panel recommended Monday by a 2-1 vote.
Hundreds of Newark residents attend Booker municipal authorities hearing Monday, July 26, 2010 @ 8:28PMCory Booker says
Long Branch to vote on park upgrades Monday, July 26, 2010 @ 7:58PMLONG BRANCH — The City Council tonight will decide whether to approve a $1.1 million bond ordinance that provides for upgrades at three municipal parks — upgrades city recreation officials say are urgently needed.
Bothell moves ahead with Crossroads Project Monday, July 26, 2010 @ 5:57PMBothell officials are moving forward with their plans to revamp State Route 522, as well as launch the building of a new municipal complex.
House Unveils Renewable Energy Tax Credit Bill Monday, July 26, 2010 @ 5:15PMWashington, D.C. House Ways and Means Committee Chairman Sander Levin, D-Mich., has released a draft bill that would provide tax credits for manufacturers of renewable energy equipment and funding for other sources of clean energy.
Short of money? Pulverize roads Monday, July 26, 2010 @ 5:14PMThe drive through northeast Wisconsin’s Forest County could get a bit bumpier starting next summer.
Taxes to stay same in Alachua, as reductions are made, funds repaid Sunday, July 25, 2010 @ 6:01PMALACHUA – Even with less revenue coming in and a large amount of money needed to replenish depleted accounts, the city of Alachua may be able to keep the tax rate the same as last year.
Green Bay Packers have big plans for real estate surrounding Lambeau Field Sunday, July 25, 2010 @ 1:06PMThe Green Bay Packers have spent more than $27 million in the last five years to acquire more than 28 acres near Lambeau Field for what the organization hopes will become part of a multi-jurisdictional sports and entertainment district.
Newark City Council is increasingly defiant against Mayor Cory Booker's municipal authority proposal Sunday, July 25, 2010 @ 7:43AMWithout the authority, up to 350 police officers and firefighters may be laid off
Local Meetings Sunday, July 25, 2010 @ 7:27AMNewark City Council committees, 5:30 p.m., council chambers, Newark Municipal Building, 40 W. Main St., Newark. Regular meetings, with Finance, Service, Economic Development and Personnel committees, in that order. Finance Committee to discuss issuance of bonds. Service Committee to discuss snow removal. Economic Development Committee to discuss zoning code changes. Personnel Committee to ...
Green Bay Packers readying to develop around Lambeau Field Sunday, July 25, 2010 @ 4:28AMThe Green Bay Packers have spent more than $27 million in the last five years to acquire more than 28 acres near Lambeau Field for what the organization hopes will become part of a sports and entertainment district.
Council to sell $5.89 million in bonds for road projects Sunday, July 25, 2010 @ 12:51AMThe Greenville City Council is scheduled to sell $5.89 million in bonds Tuesday, to pay for two major road projects.
Allegan County seeks $32 million millage tax increase Saturday, July 24, 2010 @ 4:59AMAllegan County has bought the property and the building and hired the architects. Now, the county is asking residents on Aug. 3 to help pay for a new corrections center and sheriff’s office.
Kiel Opera House to reopen under new name Saturday, July 24, 2010 @ 1:56AMThe Kiel Opera House will be back, but not the name.
Millionaire Candidate Releases Assets List Friday, July 23, 2010 @ 7:51PMTALLAHASSEE | Democratic Senate candidate Jeff Greene has more than 200 separate assets, each worth more than $1 million, according to a 56-page financial disclosure form released Friday.
A Bond Strategy for Volatile Times Friday, July 23, 2010 @ 7:29PMWith Treasury yields falling back down near record lows, it may be time to put away the bond ladder and break out the barbell.
Struggling Calif. county hopeful about state loan Friday, July 23, 2010 @ 7:24PMSACRAMENTO, Calif. (AP) The leaders of a rural Northern California county that has been considering bankruptcy say they're hopeful about their request for a multimillion dollar loan after discussions with state officials.
Taking on the IMF a risk for Hungary's patriotic leader Friday, July 23, 2010 @ 7:03PMHUNGARY’S GOVERNMENT is taking a tough line with international lenders and banks – despite the risk of destabilising its economy and scaring away investors – in a game of nerves aimed at easing the pain of cutbacks and securing a landslide victory in forthcoming local elections.
Montco approves sale of $6.2M in bonds for Studio Centre renovation Friday, July 23, 2010 @ 6:41PMCOURTHOUSE — The Montgomery County Commissioners approved the sale of $6.2 million in bonds by the Redevelopment Authority to finance renovation of a building at the Studio Centre property for the planned USM corporate headquarters.
Struggling Calif. county hopeful about state loan Friday, July 23, 2010 @ 6:22PMThe leaders of a rural Northern California county that has been considering bankruptcy say they're hopeful about their request for a multimillion dollar loan after discussions with state officials.
Rep. Dukes sued over credit card bills Friday, July 23, 2010 @ 4:31PMState Rep. Dawnna Dukes, who sits on the committee tasked with overseeing how Texas taxpayers' money is spent, is being sued for allegedly failing to pay her credit card bills.
Stillwater's state aid cut by $2 million since 2001 Thursday, July 22, 2010 @ 6:21PMUnallotment has become a curse word in city halls across the state.
City to pay $920,000 in settlement Thursday, July 22, 2010 @ 6:04PMCity to pay $920,000 in settlement - VICTORVILLEÂ â€¢ The city agreed to pay $920,000
Treasury bond market at a glance Thursday, July 22, 2010 @ 4:33PMKey barometers in the Treasury market late Thursday, compared with late Wednesday. Price changes in the 10-year note and 30-year bond are per $100 invested: Today Previous session 10-year bond-50 cents +62.5 cents 30-year bond-$1 +$1.688 ------ Yield Pvs Session 1-month bill 0.14 0.15 3-month bill 0.14 0.15 6-month bill 0.18 0.18 2-year note 0.57 0.57 5-year note 1.68 1.65 10-year note 2.94 2.88 ...
SCI-Arc Still Looking to Buy Its Campus Thursday, July 22, 2010 @ 4:25PMDOWNTOWN LOS ANGELES - The Southern California Institute of Architecture is laying the groundwork to secure financing to purchase its campus in the Arts District, in case it becomes available.
How To Prepare For Rising Rates Thursday, July 22, 2010 @ 4:08PMGet to know the basic, time-tested strategies that any investor or trader can use to profit in a rising interest rate environment.