Lincoln County to Issue Bonds for KY Fresh Harvest Project
Lincoln County will issue industrial revenue bonds for a high technology greenhouse project totaling $12 million. The 30-acre facility will grow niche vegetable items, such as cherry tomatoes, all year round. The bonds are being issued for the purpose of property tax abatement.
Study Urges Expansion of PABs
A new paper from the Reason Foundation argues that Congress should expand the permissible uses of tax-exempt private activity bonds and lift the PAB volume cap to facilitate financing of long-term infrastructure leases that could generate as much as $885 billion for state and local governments.
Duke Energy Sells $1B Worth of Green Bonds in Carolinas
Duke Energy Carolinas has closed on $1 billion worth of "green bonds" the utility can use to finance solar projects it builds and other clean-energy investments it makes in the next several years. Much of the money Duke Energy Carolinas will raise is likely to finance solar farms that Duke purchases and operates through the competitive-bidding process.
U.S. Voters Backed at Least $24.4B of Bond Sales
Voters across the U.S. were backing at least $24.4 billion of bond sales to support school construction and infrastructure upgrades including road and bridge repairs, led by multi-billion-dollar measures in California. The nationwide election brought about $76.3 billion of bond referendums from California to Maine, the most in an election since 2006.
Capital Markets Outlook: A Tough Road Ahead
All eyes will be on interest rates as the calendar turns to 2019. The Federal Reserve raised its benchmark interest rate a quarter point, to a range of 2% to 2.25% near the end of September, the third hike this year. Additional increases are also expected in the months ahead.
How the Elections Impact the Muni Industry
The Republican co-founder of the House Municipal Finance Caucus is among the muni industry allies who lost their recent re-election bids. While a Democratic House likely means more favorable treatment of muni-related legislation, the cost includes the loss of some industry allies such as Rep. Randy Hultgren.
FY 2019 CDFI Bond Guarantee Program Application Open
The U.S. Department of the Treasury's CDFI Fund has opened the fiscal year 2019 application period for the CDFI Bond Guarantee Program. The CDFI Bond Guarantee Program responds to the critical market demand for long-term, low-cost capital that can be used to spur economic growth in low-income communities.
JEDA Bonds Assist MUSC Foundation in SC
The South Carolina Jobs-Economic Development Authority (JEDA) has issued a $15,755,000 economic development revenue bond to secure favorable permanent financing by the MUSC Foundation for the acquisition of an office facility and a surface parking lot for the benefit of the Medical University of South Carolina.
Five Great Initiatives That Municipal Bonds Financed
For over 100 years – since the original tax code was written in 1913 – state and local governments have financed public infrastructure with municipal bonds. From housing to railways to schools, this article discusses five significant green infrastructure initiatives funded by municipal bonds.
Newark, NJ Airport Getting New $2.7B Terminal
Newark Liberty International Airport's smallest and most antiquated terminal is getting a major upgrade. A $2.7 billion project at the Port Authority of New York and New Jersey-operated facility will build a new terminal to replace 45-year-old Terminal A.
Weekly Capital Markets Update
Wye River | Nov. 19 |
Weekly Market Outlook
Moody's Analytics | Nov. 19 |
Weekly Rate Update
KPM Financial | Nov. 19 |
CDFA - PFM Capital Markets Webinar Series - The Capital Markets Today
November 28, 2018 - 2:00 - 3:30 PM Eastern
Understanding market forces at play in the capital markets is essential to successfully operating a bond financing program. Whether you issue one bond a year or hundreds in multiple categories, it's important to follow the conversation among economists and analysts as they evaluate monetary policy, changes in the capital markets, and movements in stock market indices. What about that flattening yield curve? And will tariffs affect the markets? This webinar will share insights on today's capital market, including insight and the role rating agencies play in the capital market.
|News from |
The latest municipal finance headlines from The Bond Buyer.
Atlanta, GA 'Gulch' Project Receives $1.9B in Munis
Atlanta has approved an incentive package with $1.9 billion in bond financing to support a $5 billion development proposal by the CIM Group. CIM will purchase parcels from various owners in the Gulch, install a platform to raise the property to the adjacent street level, and build a mixed-use development.
Detroit, MI Plans Stand-Alone Bond Market
Detroit is planning its return to the market by year's end with a $112 million issue that would mark its first stand-alone borrowing since its historic 2013 Chapter 9 bankruptcy filing. The city council has authorized a total of $255 million in tax-exempt bonds over the next five years to finance capital projects.
IRS Says Some Advance Refundings OK
The Internal Revenue Service is publicly affirming that last year's tax law changes do not preclude the issuance of tax-exempt bonds to advance refund non-tax-advantaged, taxable bonds. The assurances were made in an IRS Chief Counsel Memorandum.
Minneapolis, MN Green Bond Deal a Step Toward Climate Designation
Minneapolis will offer its first green bonds as part of a $112 million sale, of which the majority will pay for facilities designed to support the city's green and climate initiatives. The proceeds from the $97 million capital improvement green bond series will finance an east side storage and maintenance facility and a new public service building.
CDFA is proud to partner with The Bond Buyer as our Official Media Sponsor. Read more about this partnership and all of its benefits here.
|Bond Finance Headlines|
AIDEA Awarded Financial Development Honors
Daily News-Miner | Nov. 19 |
Winfield, IN OKs Borrowing $1.5M for Street Revamping Work
Kokomo Perspective | Nov. 19 |
Florence, SC City Council Approves Two Bonds for Redevelopment Project
WMBF News | Nov. 15 |
Philly, PA Voters Approve $180M Bond Question
The Inquirer | Nov. 14 |
CA Voters Back $1.5B Bond Initiative to Upgrade Children's Hospitals
Becker's Hospital CFO Report | Nov. 14 |
Harlingen, TX Approves $32M Revenue Bond for Hotel Construction
Valley Central | Nov. 13 |
$3.5B Bond Request Approved for San Diego, CA Schools
American School & University | Nov. 13 |
RI Voters Approve $47.3M Environmental Bond
Providence Journal | Nov. 13 |
Franklin County, OH School Bond Issues, Levies All Pass
The Columbus Dispatch | Nov. 13 |
Bonds, Not Stocks, Are the Real Midterm Winners
Bloomberg Opinion | Nov. 13 |
Wake County, NC Voters Approve Millions in Bonds
WRAL | Nov. 13 |
Voters Pass San Benito, TX Schools' $40M Bond Issue
Valley Star | Nov. 13 |
Board Approves $337M Downtown Convention Hotel for Salt Lake City, UT
Desert News | Nov. 13 |
MN Housing Approves Five Commonbond Projects
Star Tribune | Nov. 13 |
CA Voters Give Another Multi-Billion-Dollar Thumbs up to School Bonds
CALmatters | Nov. 13 |
Miami Beach, FL Voters Approve Convention Center Hotel and $439M in Bonds
Miami Herald | Nov. 13 |
Short-Term Bonds to Help Fund Rail in Honolulu, HI
Star Advertiser | Nov. 7 |
Fastest-Growing Charter Network in TX Planning Massive Bond Package
Houston Chronicle | Nov. 7 |
For the Corporate Bond Market, It's Business as Usual on Election Day
Bloomberg | Nov. 7 |
$3.5M WHEFA Bond Financing Helps Stoughton, WI Hospital Association Renovate
WHEFA | Nov. 7 |
Litchfield, IL Authorizes $6M Bond Issuance
The Journal-News | Nov. 5 |
Nonprofits Give Political Push to Affordable Housing Bond in Austin, TX
Statesman | Nov. 5 |
AZ Continues to Benefit from Municipal Bonds
Phoenix Business Journal | Oct. 30 |
Augusta University Health System Closes on $85M in Tax-Exempt Bonds in GA
Augusta Chronicle | Oct. 29 |
Lansdale, PA OKs $10M Bond for Elementary Renovations
The Reporter | Oct. 26 |
Phoenix IDA Refinances Bonds for Vista College Preparatory School in AZ
Phoenix IDA | Oct. 24 |
MS Agency Plans on Issuing $895M Bond
The Northside Sun | Oct. 19 |
$4M in Bonds to Be Issued by Gibson City, IL School District
Ford County Record | Oct. 19 |
The Council of Development Finance Agencies is a national association dedicated to the advancement of development finance concerns and interests. CDFA is comprised of the nation's leading and most knowledgeable members of the development finance community representing public, private, and non-profit entities alike. For more information visit CDFA.net or email firstname.lastname@example.org
For more information about sponsoring one of CDFA's electronic newsletters, please contact CDFA or call 614-705-1300.
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