Municipal Markets

Chicago Faces Record Tax Increase

September 22, 2015

BY ELIZABETH CAMPBELL, BLOOMBERG NEWS Chicagoans are bracing for the biggest property tax increase in the city’s history as Mayor Rahm Emanuel contends with a budget shortfall and soaring retirement bills that have sent its credit rating tumbling. Emanuel, a Democrat, will today propose raising property taxes by $588 million

Municipal Market Weekly TV

September 21, 2015

Taylor Riggs, an editor at Bloomberg Brief, talks with reporter Kate Smith about this week’s municipal market news. Watch here.

Mississippi Sells Debt Backed by Gambling Tax

September 21, 2015

BY BRIAN CHAPPATTA, BLOOMBERG NEWS Mississippi, the poorest U.S. state, is selling its first bonds backed by gambling taxes after its share of the winnings fell to the lowest since 1997, two casinos closed and its neighbors began looking at expanding into the business. Investors may still like the odds.

Municipal Market Weekly Digest

September 21, 2015

Catch up on the top stories in Municipal Market with our free weekly digest. Access here.

Drivers Decry Toll Lanes as Texas Highway Opens

September 17, 2015

BY DARRELL PRESTON, BLOOMBERG NEWS The 13 miles of rebuilt Interstate 635 in North Dallas offer something for everyone: express lanes for those who want to pay to bypass traffic, toll-free lanes for those who don’t, no maintenance costs for the state and, officials hope, less congestion. For investors in

Muni Debt Seen as Haven as Fed Normalizes

September 16, 2015

BY ROMY VARGHESE, BLOOMBERG NEWS If the last time the Federal Reserve raised interest rates is any guide, U.S. state and local government bonds will be a refuge for investors once policy makers bring the era of nearly free money to a close. When the central bank began tightening monetary

Puerto Rico’s Debt Plan Seen Stinging Banks: Moody’s

September 15, 2015

BY CLAIRE BOSTON AND MICHELLE KASKE, BLOOMBERG NEWS Puerto Rico’s plan to restructure its public debt would probably set off “messy and protracted” litigation and potentially broader financial turmoil that harms the island’s banks, Moody’s Investors Service said. The commonwealth’s restructuring proposal, unveiled last week, could lead be credit negative

Municipal Market Weekly Digest

September 11, 2015

Read our free digest of the top stories from our Municipal Market daily newsletters.

Municipal Market Weekly TV

September 10, 2015

Watch the latest edition of the Taylor and Joe weekly Munis Show!

Municipal Market Weekly Podcast

September 10, 2015

Listen to Joe Mysak and Taylor Riggs discuss Tomato stakes and capital appreciation bonds. Click here to launch player.