Sentences with phrase «general obligation bonds»

The district has a right to sell about $ 200,000 in general obligation bonds without seeking voter approval, district officials said.

General obligation bonds issued by local units of government are secured by a pledge of the issuer's property taxing power and must be authorized by the electorate.

This debt is likely to take the form of general obligation bonds, which is a type of debt that is backed by the full faith and credit of the issuer.

I am somewhat negative on local general obligation bonds; higher education; leasing & rental; hospital and tobacco sectors.

State general obligation bonds have been the sector that is holding back returns as the lower yield and shorter duration characteristics of these bonds have resulted in muted returns in the up market.

If approved, the bond sale would also fund property maintenance and retire $ 300,000 in existing general obligation bonds.

I would follow this closely with Developed European Debt, then municipal general obligation bonds, and high grade corporate bonds (there are a few AAA companies out there).

While revenue bonds have a larger foot print by par amount outstanding in the municipal bond market, general obligation bonds remain an integral component of the financing of infrastructure.

ELMHURST — The Elmhurst Park District board on Monday authorized issuing $ 975,000 in general obligation bonds for improvements, including repair of a ceiling in the Courts, its health facility on West Avenue.

Notably, in June 2012, Standard and Poor's Ratings Services lowered the county's long - term general obligation bond rating to «BBB - «from «BBB +» and rated the management practices as «vulnerable» based on overly optimistic budgeting.

Puerto Rico general obligation bonds tracked in the S&P Municipal Bond Puerto Rico General Obligation Index have rallied 13.67 % this year ahead of the planned $ 3 billion bond sale by Puerto Rico this coming Tuesday.

Although no state has defaulted on general obligation bonds in over 80 years, the 19 th century witnessed numerous instances in which states - and the Florida territory - defaulted on their debts or even repudiated them outright.

However, a deal that granted unsecured holders of the city's unlimited tax general obligation bonds a 74 percent recovery was possibly at the top range of reasonableness, Rhodes said.

GLEN ELLYN — After a public hearing Monday night, Glenbard High School District 87 school officials said they would proceed with a $ 3 million general obligation bond sale authorized last month by the school board.

The recent ratings downgrades by both Moody's and S&P Global Ratings have placed the State of Illinois general obligation bonds on the edge of becoming junk.

Historically, the Park District and the village have financed capital improvements with general obligation bonds, but Blievernicht says voters have a right to decide whether either one should go into debt.

by Peter Gleick, President October 23, 2014 On November 4, California voters will decide the fate of Proposition 1 — the 2014 Water Bond — which authorizes the sale of $ 7.12 billion in new general obligation bonds and the reallocation of an additional $ 425 million of previously authorized, but unissued, bonds.

Naperville Park District commissioners are considering the district's financial future, including the possibility that, with interest rates falling, the district might be able to refinance general obligation bonds at a lower interest rate.

Puerto Rico's general obligation bonds fell 8 percent in early trade on June 29 to a record average low of 70.778 cents on the dollar from 77.111 cents on June 26.

«Impairing constitutionally protected general obligation bonds will bring chaos to America's municipal bond market.

CRYSTAL LAKE — The Crystal Lake Park District on Thursday night touted its plan to sell $ 1.8 million in limited general obligation bonds to purchase land and buildings as well as to pay off existing bond debt.

Approval of the expenditure would not raise taxes because the Park District is retiring other general obligation bonds this year, Park District Director Eric Burns said.

CRETE — As part of his campaign against issuing general obligation bonds without voter approval, Crete resident Richard Blievernicht spoke out against two bond proposals at recent local public hearings.

Moody «s Investors Service Inc. confirmed the double - A rating assigned to Metropolitan Water Reclamation District of Greater Chicago general obligation bonds in connection with the district «s offering of $ 200 million of capital improvement bonds, series of June 1991.

Moody's Investors Service rates the city's general obligation bonds Aa2, while S&P Global Ratings and Fitch Ratings rate them AA.

While Illinois gets a lot of press it is New Jersey general obligation bonds that are moving more like Puerto Rico bonds in 2015.

In the first row, the State of Nevada general obligation bonds are offering a coupon rate of 5 % with a maturity in May of 2028.

The S&P New York AMT - Free Municipal Bond Index consists of investment - grade general obligation bonds and essential purpose revenue bonds issued within New York.

For example, a recent study by the bond ratings firm Fitch Ratings compared default rates of run - of - the - mill general obligation bonds (without reference to their credit ratings) to the default rate of corporate bonds rated AAA.

He is the past chair of the City of Hollywood Charter Review Committee, past vice-chair of the City's General Obligations Bonds Oversight Committee, and was a member of the City's Ad Hoc City Attorney Screening Committee.

Residents just voted in favor of the Miami Forever Bond, a $ 400 million general obligation bond intended to shore up the city's ability to withstand extreme climate events.

Approved for CCSD financial consultants to prepare, price and tentatively market the sale of general obligation bonds for voter - approved SPLOST purposes;

Moody's Investors Service downgraded Cook County's general obligation bond rating to A1 from Aa3 due to the county's «growing pension liability.»

General obligation bonds issued by Puerto Rico tracked in the S&P Municipal Bond Puerto Rico General Obligation Index have returned a negative 11.97 % for the month - to - date (a record monthly drop in this index).

General obligation bonds tracked in the S&P Municipal Bond Illinois G.O. Index have also seen volatility as they have recovered by returning 8.34 % so far.

This will spurt other states from New Jersey to Illinois to ask for Super Chapter 9, and the result would be a disaster for millions of American retirees who are invested in state and local general obligation bonds.

The settlement specifically pertains to unlimited - tax general obligation bonds, Orr said on «Squawk on the Street.»

A $ 3.4 billion general obligation bond sale last week brought in nearly $ 1 billion for the School Facility Program, officials said Monday.

The recent ratings downgrades by both Moody's and S&P Global Ratings have placed the State of Illinois general obligation bonds on the edge of becoming junk.

The Arlington Heights Park District uses funding from voter - approved bonds, grant funds, land dedication funds, recreation funds and non-referendum general obligation bonds.

With general obligation bonds, the government entity that issues the bonds puts their «full faith and credit» behind the bonds.

While the change doesn't mean the actual rating has improved, it does mean that, with a better outlook, investors buying state general obligation bonds can do so with a bit more confidence.

Unlike the bond payments that went into default on Monday, the ones coming due are on general obligation bonds — the kind many investors have been led to believe would never go into default because the issuer's full faith, credit and taxing authority stand behind them.

Illinois postponed a sale of $ 500 million of general obligation bonds on Jan. 30 after a ratings downgrade increased the cost of financing.

Carol Stream Park District officials said they need voter approval in a referendum Tuesday in order to issue $ 6.1 million in general obligation bonds for construction of the facilities.

If the island misses a payment on the general obligation bonds coming due on January 1, ««it would be an earthquake for the markets,» Matt Fabian, a partner at Municipal Market Analytics, a financial research firm, told Dealbook.