New Jersey and Connecticut have eased longstanding pension pains
Improved commitments to pension funding, coupled with other changes to the two states' retirement systems, have yielded bond rating upgrades for both.
Source: bondbuyer.com
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Disposition of California's surplus may be rating inflection point
Rating agencies like Gov. Gavin Newsom's focus on one-time spending, but warn that the Legislature could upset the applecart by creating ongoing programs.
Source: bondbuyer.com
Massachusetts governor proposes $3.5 billion of funding for downtowns
The legislation proposed by Gov. Charlie Baker includes more than $1.3 billion in capital bond authorizations.
Source: bondbuyer.com