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In 1991, several members of the National Association of State Treasurers met in Nashville and decided to form a group designed to improve debt management for its membership. Although most [...]

WASHINGTON - Seven state treasurers and the American Bankers Association are seeking the Federal Deposit Insurance Corp.'s help to bolster state programs that back public deposits. They argue that more [...]

Like an ocean liner, state and local governments do not change direction very easily or often. In fact, they turn so slowly it's hard to notice, but eventually they set [...]

For the past several years, educational reform has held center stage in Massachusetts -- either in the legislature, Governor's Office, Department of Education, or the Massachusetts Teachers Association. Hardly mentioned [...]

One day after Standard & Poor's told Illinois that its credit could be raised if it meets a couple of conditions, the state received even better news from Fitch, which [...]

ILLINOIS More TIF Bonds The Chicago City Council last week authorized the sale of up to $250 million of tax increment financing bonds for the city's downtown Central Loop TIF [...]

Fostered by rapid growth that has fueled the need for public capital spending, Florida is poised to become one of the nation's biggest users of swaps, especially as smaller units [...]

BRADENTON, Fla. - Florida lawmakers set the stage for a number of bond issues during this year's session -- issues that will come to pass if Gov. Jeb Bush approves [...]

New York State officials reached a final agreement on the state's budget late yesterday that included provisions to reform borrowing practices on a statutory rather than constitutional basis. With the [...]

BRADENTON, Fla. - The Florida Legislature came to an agreement over the state's $50 billion budget in the nick of time Tuesday, meaning bailout funds for the fiscally troubled Tampa [...]

Washington state Treasurer Michael Murphy has instituted a number of significant changes to the office since his election in 1996, the most important for the municipal market was developing a [...]

WASHINGTON - Since Maryland is in such robust fiscal health, no bonds will be issued to finance the state's share of an extension of a Washington-area subway line in Prince [...]

James Smith, the executive director of the Council of Infrastructure Financing Authorities since 1990 who is retiring next week, has had a long-standing love affair with the state revolving fund [...]

A program to eliminate the risks of cross-calls has paid off for the New Mexico Mortgage Finance Authority, prompting strong demand for $55 million of new-money single-family mortgage revenue debt [...]

SAN ANTONIO - Several states remain reluctant to sell bonds to expand their state revolving fund programs, and sometimes that is partly due to a lack of understanding of the [...]

SAN FRANCISCO - Rising interest rates resulted in the first half of 1999 seeing fewer refundings, which was the main force behind a 21% decline in issuance as compared to [...]

The California Commission on Building for the 21st Century has recommended spending: Between $500 million and $1 billion for transportation projects Between $3 billion and $4 billion for parks and [...]

A booming economy, conservative revenue forecasting, and prudent fiscal management have left state governments in their best financial condition in decades, according to the preliminary results of a survey conducted [...]

ILLINOIS IDFA Chief Resigns Diane A. Cullinan stepped down last week as chairman of the Illinois Development Finance Authority over concerns that her role as a Peoria-based developer would pose [...]

In 1997, when the management of the Massachusetts lottery decided to replace all of its computer equipment and terminals, it issued a request for proposals to provide $75 million of [...]

SAN FRANCISCO - Oregon Senate Democrats refused to show up for work Thursday afternoon, preventing a vote on whether to put the state's share of the national tobacco settlement into [...]

DALLAS - Texas officials may be close to partially resolving a legal crisis the state Legislature created in May when it made a wording change that created uncertainty about the [...]

WASHINGTON - Analysts who follow the tobacco industry say they are increasingly certain that the master settlement agreement between cigarette companies and states will be able to withstand almost any [...]

ATLANTA - Alabama Gov. Don Siegelman yesterday agreed to use some of the state's federal tobacco settlement to back bonds for an economic incentives package that has lured an auto [...]

President Clinton yesterday signaled his willingness to compromise with the nation's governors on the use of funds from the states' settlement with tobacco companies, and agreed to give states more [...]

By Whalen, Robert Florida's Republican-dominated government should have little or no difficulty moving its $1.13 billion debt agenda through this year's legislative session, state Rep. Robert Henriquez said following his [...]

By David Hoffman The Pennsylvania House yesterday approved a plan worked out among legislative leaders and Gov. Tom Ridge to raise the state's debt ceiling by $650 million to pay [...]

By David Hoffman Pennsylvania Gov. Tom Ridge yesterday unveiled an $18.6 billion budget that includes $322 million in bond proceeds to fund various capital projects. Absent from Ridge's budget address, [...]

By Meisler, Daniel The Department of Housing and Urban Development announced Tuesday that seven state and four local housing finance agencies have been approved to carry out its Section 8 [...]

Daisy Stiner, the interim executive director of the Texas Department of Housing and Community Affairs, has faced a two-fronted battle since she took the post in September. In addition to [...]

By Meisler, Daniel States are likely to be able to proceed with proposed tax cuts next year because their revenue collection continues to be healthy in spite of fears of [...]

By Meisler, Daniel Eighty-nine percent of state and local governments feel confident about their ability to deal with the year 2000 computer problem, according to a survey released late last [...]

By Kaplan, David Rhode Island's tax-supported debt has dropped by $108 million to $1.6 billion in the last two years, but it remains one of the four most-indebted states on [...]

By Kinnander, Ola Several states are planning to take advantage of a provision in the massive federal transportation law enacted last summer that allows them to use funds included in [...]

By Resnick, Amy B. The District of Columbia's financial control board wants to work itself out of a job, chairman Alice M. Rivlin said yesterday. Rivlin, who is also vice [...]

At a quick glance, the state revolving loan fund and state infrastructure bank programs look similar. But when you get beneath the surface, the two innovative finance programs are quite [...]

State and local finance officials are seeking ways to provide the services taxpayers expect, while trying to control costs and deal with a wave of unknowns - from welfare reform [...]

The good news about the supply crunch plaguing the tax-exempt market is that better days are ahead, according to optimistic municipal players. But for now, retail investors on a scavenger [...]

West Virginia has found its solution, and is putting it into practice today. South Carolina and Indiana have decided to kick the matter to the voters. The three are the [...]

Top Louisiana politicians are leaning toward using about $220 million of surplus revenue to defease all remaining Louisiana Recovery District bonds, paving the way to eliminate an issuer unpopular with [...]

Outside money managers who were hired as part of a recent restructuring of Virginia's public funds management program have helped boost returns on the commonwealth's $2.1 billion general fund portfolio, [...]

Is it possible to make the Slugs program more useful and successful? Many market participants believe it is, but they think it may take more than the Treasury Department and [...]

Securities and Exchange Commission chairman Arthur Levitt issued a strong warning yesterday to state and local government investment officers that they need to be more accountable for the investment decisions [...]

Ted Sullivan has placed a Texas-size bet on Texas. Bonds from the Lone Star State make up 18.5% - $222 million - of Allianz Insurance Group's $1.2 billion in municipal [...]

WASHINGTON - In the wake of Orange County, Calif.'s financial woes, several industry groups have picked up the pace in their efforts to help state and local officials understand more [...]

Most state-run local government investment pools eschew the use of derivatives and shun extensive leverage, according to a survey by The Bond Buyer. Leverage and the heavy use of risky [...]

Washington -- Texas' investment fund, TexPool, suffered paper losses of $70 million as a result of its investment in U.S. treasury securities, the state treasurer's office said yesterday. 'The loss [...]

Q: AND A: Governments tend to grow; they rarely stay the same or shrink. State governments are no exception. Real state spending grew more than two and a half times [...]

SANTA FE, N.M. -- Both are first-term state treasurers. Both were hit by headline-grabbing accusations of wrongdoing, and both went down to defeat in primaries this year. And both told [...]