Tag: Debt

"The current global financial market crisis could have serious implications for New York’s local governments if access to the credit markets remains constrained," says a issued today by the office of state Comptroller Thomas DiNapoli. Read More

India's current plight shows why it's not a good idea for any local or state government in America to think it can depend on private-public partnerships to fund its infrastructure construction projects once it's out of municipal-borrowing capacity (o Read More

As suspected and reported anecdotally, municipal-bond issuance fell off the charts in September and October. Municipal Market Advisors, in its weekly outlook today, notes that such bond issuance was 54 percent below last year's levels for September a Read More

Update: The Times reports that the MTA put off a planned debt issue Tuesday because of the still-inhospitable capital markets. Ohio and Hawaii did the same. The good news is that despite increasing pressure on both revenues and Read More

Ohio sold $240 million worth of long-term municipal bonds yesterday. The bonds carried an annual yield of 5.21 percent, 18 percent higher than last year. Ohio's long-term general-obligation credit is rated two notches above New York State's, which Read More

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