Sentences with phrase «obligation bonds aa2»

Real estate taxes are the largest contributor to New York City's revenue and the primary source of funds that back its $ 40 billion in outstanding general - obligation bonds.

«As the state official who will issue and sign up to $ 175 million in general obligation bonds to finance the project, I want to feel comfortable that building the factory will proceed as the Legislature intended, and the Nevada taxpayer is protected.»

But general obligation bonds are mostly tied to real estate prices, and yet provide very low yields to investors.

The best municipal bonds are general obligation bonds, which are the least likely to experience a default.

General obligation bonds, issued to raise immediate capital to cover expenses, are supported by the taxing power of the issuer.

The taxes are not necessarily unlimited as to rate or amount, so while all general obligation bonds are tax backed, not all tax - backed bonds are general obligations.

The strategy may invest in all types of municipal obligations, including pre-refunded bonds, general obligation bonds, revenue bonds and municipal lease participations.

The index tracks general obligation bonds, revenue bonds, insured bonds and pre-refunded bonds rated Baa3 / BBB - or higher by at least two of the ratings agencies: Moody's, S&P, Fitch.

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.

The Index tracks general obligation bonds, revenue bonds, insured bonds and pre-refunded bonds rated Baa3 / BBB - or higher by at least two of the ratings agencies: Moody's, S&P, Fitch.

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

This segment is a small anchor as the index tracks just over $ 11billion in par amount of general obligation bonds.

Puerto Rico municipal bonds have enjoyed a positive bounce in 2016 however the general obligation bonds are still a small anchor on performance of the high yield municipal bond market as the S&P Municipal Bond Puerto Rico General Obligation Index is down over 2 % year - to - date.

The most common types of municipal bonds are general obligation bonds and revenue bonds.

General obligation bonds are backed by the «full faith and credit» of the issuer, meaning it has the power to tax residents to re-pay the obligation.

The debate over which sector of municipal bonds, general obligation bonds (G.O.'s) or revenue bonds can provide a better return is a constant one.

Illinois wrestled with its pension obligations all year making headlines but it is general obligation bonds from New Jersey that underperformed the overall market.

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.

In natural disasters of the magnitude of Harvey (think 2005's Hurricane Katrina) special bond programs can be created that offer incentives to investors that go beyond traditional debt issuances, such as general obligation bonds.

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.

a type of municipal bond backed by the full faith, credit, and taxing power of the issuer, specifically its ability to collect taxes; only entities that have the right to levy and collect taxes can issue general obligation bonds; certain governmental entities are subject to legal limits on the amount of taxes that they can impose, and their issues are called limited - tax general obligation bonds; unlimited - tax bonds are issued by government entities that are not subject to those limits

the area or activities to which the funds raised from a municipal bond issue will be directed and, in turn, the source of future bond interest payments and principal repayment; for general obligation bonds, funds raised may be for general purposes, both operating and infrastructure, and payments are secured by the general taxing power of the issuer — usually a state, town, or city; revenue bonds are categorized under terms such as «Utilities» or «Transportation»

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

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.

Municipalities may also issue unsecured bonds, or general obligation bonds, backed by the municipality's taxing power.

General obligation bonds: Municipal bonds that are backed by the full faith, credit, and taxing power of the issuer.

General obligation bonds General partner General securities firms Glass - Steagall Act of 1939 GNMA Good delivery Good - faith deposit Good - faith margin account Good»Til Cancelled (GTC) order Government bond Government National Mortgage Association Government securities principal Green shoe offering Gross investment income Gross - revenue pledge Group net order Group sales GTC order

Overall, general obligation bonds have underperformed revenue bonds over the last five years of low rates.

The Oregon Legislature this year authorized the sale of $ 123 million in state - backed general obligation bonds to fund a new School Capital Improvement Matching Program to help stretch local dollars and address urgent school facility needs across the state.

Already eligible for the ballot is the «Kindergarten Through Community College Public Education Facilities Bond Act of 2016,» which would authorize $ 9 billion in general obligation bonds, including $ 3 billion for new construction and $ 3 billion for modernization of K - 12 public school facilities, $ 1 billion for charter schools and vocational education facilities and $ 2 billion for California Community Colleges facilities.

States have used pension obligation bonds as a way to escape temporary budget problems, but the basic problems resurface if the state isn't disciplined enough to continue making pension contributions.

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.

Pension costs, including payments on pension obligation bonds, totaled $ 504 million, the report indicted.

State Comptroller Tom DiNapoli says the upgrade from Moody's Investors Service to Aa1 for the state's general obligation bonds is the highest level since the fiscal crisis of the mid-1970s.

The $ 3 million project will be funded through general obligation bonds that are paid off by revenues from the facility.

HOFFMAN ESTATES — The Hoffman Estates Park District Board this week approved a land donation agreement with Sears, Roebuck and Co. and the issuance of $ 17.7 million in general obligation bonds for its proposed community recreational center in the Prairie Stone business park.

BARRINGTON — The Barrington Park District will decide Nov. 5 whether to issue $ 300,000 in general obligation bonds to help pay for a renovation of the district's pool complex.

ROLLING MEADOWS — The Rolling Meadows Park District Board voted Tuesday night to issue $ 425,000 in general obligation bonds to raise funds that officials said would help restructure a loan and buy equipment.

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.

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

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

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.

General obligation bonds for the district, including the upcoming offering, total $ 939.39 million, Moody «s added.

DES PLAINES — The Des Plaines Park District Board voted this week to issue $ 4.9 million in general obligation bonds to build a 37 - acre park that will include an 18 - hole miniature golf course, soccer fields, walking and jogging paths and a playground.

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.

The village plans to issue $ 1.5 million in general obligation bonds for infrastructure improvements within the tax - increment financing redevelopment area and for development.

ST. CHARLES — The St. Charles Park District Board has voted to seek bids from financial institutions for the issuance of $ 2.17 million in general obligation bonds and to borrow an additional $ 1.2 million in an installment loan.

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.

The Crete Park District plans to issue $ 300,000 in general obligation bonds to fund recreational projects, including a second phase of a rails - to - trails bike path.