Maine's healthy reserves, achieved through proactive budget management, have positioned the Northern New England state to withstand revenue uncertainties stemming from the COVID-19 pandemic, according to analysts. Moody’s Investors Service analyst Pisei Chea said Maine’s strong reserve levels would enable it to weather any potential pitfalls that may arise this winter

Municipals outperformed Treasuries as yields rose 10 basis points on the UST 10- and 30-year on talk of a potential stimulus deal and equities hit all-time highs. Secondary trading held municipal yields steady while Illinois’ highway deal priced and re-priced five to nine basis points lower and New York City Municipal

Wisconsin Gov. Tony Evers’ administration is treading cautiously as it assembles a new two-year budget over concerns that the COVID-19 pandemic could cut more deeply into state revenues than forecast. Modest revenue growth is projected over the course of the biennium that begins July 1, enough even to make a small

Federal Reserve Governor Lael Brainard said Tuesday that more government fiscal aid is needed to prevent deeper damage to a U.S. economy coping with a fresh surge in coronavirus cases.

A federal court should strike down the Securities and Exchange Commission’s conditional exemption for muni advisors because the regulator did not solicit stakeholders’ input and was “arbitrary and capricious,” according to the Securities Industry and Financial Markets Association. SIFMA made its case in a newly-filed brief in the U.S. Court of

Money market funds (MMFs) have long been a staple in brokerage accounts as a safe place to stash cash that’s not being invested. In light of the events of the past year, it’s time financial advisors and their clients re-examine this approach. Historically, MMFs have been used to provide safety, liquidity,

The California courts are still sorting out rulings made by appellate courts and the state’s Supreme Court in lawsuits brought against public pension reforms signed into law by Gov. Jerry Brown in 2013. The high court denied on November 24 two requests for depublication of the First Appellate District’s decision in

With supply low and demand high, home prices have risen, making it difficult for first-time homebuyers, leading to a 1.0% decrease in pending home sales, the National Association of Realtors Sales declined a revised 2.0% fall in September, first reported as a 2.2% drop. Economists polled by IFR Markets anticipated a

Title: Assistant TreasurerFirm: Transurban — North AmericaAge: 37John Markowitz, a 2005 graduate of the University of Virginia, started his career in commercial credit at SunTrust Bank. He was about to go to law school when a colleague contacted him about working in a unique and growing form of infrastructure financing,

The Puerto Rico Electric Power Authority