Municipal Bonds News

North Carolina Utility Cuts Borrowing Cost 21% on $182 Million Muni Issue

North Carolina Eastern Municipal Power Agency , which supplies electricity to 32 communities, cut its borrowing cost by a fifth on a $182 million tax-exempt offering as power bond yields rebounded from an all-time low.
U.S. Municipal Bond Bid-Rigging Investigation Yields a Sixth Guilty Plea

A Florida man pleaded guilty to fraud in a bid-rigging conspiracy targeting U.S. state and local governments, the sixth to admit participating in arrangements designed to profit at taxpayers’ expense.
Christie Seeks to Move Past $400 Million Education Funding `Speed Bump'

New Jersey Governor Chris Christie is pushing lawmakers to adopt his plan to overhaul state government, while Democrats who control the Legislature say they’re not in any rush after his administration’s failed attempt to win $400 million in school funding.
Utah Gets Tax Boost From Hollywood, Reduces Forecast Deficit to a Fifth

Utah ’s anticipated 2010 budget deficit is as much as a fifth of projections, as revenue was boosted by tourism including taxes paid by moviemakers.

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