Local issuers in Texas also received authority to postpone bond measure elections that are slated for May.
Puerto Rico Gov. Wanda Vázquez Garced issued an order for all residents except a few classes of essential employees to remain at home.
Questions about the impact of COVID-19 surround the state-run authority, which operates New York City transit and is one of the largest municipal issuers.
One strategy being used across international regions is to utilize value-added tax measures as a flexible and effective response to the economic slowdown.
Airports have nearly $100 billion in infrastructure debt that requires about $7 billion in airport bond principal and interest payments this year.
The Bradenton-Sarasota, Fla., area has been a red-hot housing market with the median price at or above $300,000 for the past year, providing job opportunities for 7,000 real estate agents.
Tax-exempt municipal yields rose substantially last week causing the MSRB to take a look at trade data, said John Bagley, MSRB chief market structure officer.
When lawmakers cast the final vote on the 2021 budget, they won’t have updated revenue projections but other states and industries do.
It’s a rare occurrence for a business to receive a huge business spike while also shutting parts of the operation, but that’s where the coronavirus has landed Farmstead.
State Comptroller Thomas DiNapoli released updated state revenue projections.