Bonds

City of Hope received approval Tuesday from the Illinois Finance Authority to refund up to $650 million of bonds sold last year to refinance a taxable bridge loan for its purchase of Cancer Treatment Centers of America facilities in Illinois, Arizona, and Georgia. The refunding was among $1.3 billion in conduit financings approved by the

Outstanding Illinois debt is now smoke-free after the state defeased the last $449 million of bonds backed by payments from a master settlement agreement with tobacco companies.  Gov. J.B. Pritzker said the move, which was included in Illinois’ fiscal 2024 budget, will save the state $50 million. “Today’s action reflects Illinois’ strong fiscal position and

Rural broadband firm Bug Tussel’s first bond deal was in 2012, when Fond du Lac County, Wisconsin, issued $5.85 million of bonds and the company installed new broadband that ran at five megabytes per second. These figures seem quaint now. Bug Tussel, through Fond Du Lac County, has priced $220.9 million in bonds in partnerships

The Oklahoma Turnpike Authority could be in the municipal market as early as next month after winning conditional approval for $500 million of revenue bonds from a state oversight board. Monday’s approval by the Oklahoma Council of Bond Oversight in a 3-1 vote is subject to the resolution or dismissal of a petition for a

Voters in Maine will have a lot of material to chew over before they decide later this year if a public agency should take over service provided by investor-owned electric utilities. What they won’t necessarily get is a slam-dunk yes or no recommendation. Maine’s Office of the Public Advocate, a state office created to represent

Officials in Polk County, Iowa, will decide later this month whether to place a referendum on the Nov. 7 ballot seeking voter approval for the issuance of up to $350 million of general obligation bonds for a terminal project at the Des Moines International Airport.  The Des Moines Airport Authority, which can issue debt on

Although the hospital sector has gained traction in recovering from the pandemic, smaller not-for-profit hospitals continue to struggle. With that in mind, California lawmakers took action by approving a zero-interest loan program in May to serve not-for-profit hospitals and public hospitals in significant financial distress. The two agencies charged with running the loan program announced

A bankrupt, bond-financed Texas hospital that opened for business in November 2021 will obtain $2.7 million for operating and other expenses under a federal judge’s interim order issued late last week. Sunland Medical Foundation, the nonprofit parent organization of Trinity Regional Hospital Sachse, is also seeking additional debtor-in-possession financing in an aggregate amount of up

California Attorney General Rob Bonta conditionally approved the $35.6 million sale of three northern California skilled nursing facilities owned by Eskaton. Eskaton, a Carmichael, California-based not-for-profit senior healthcare provider formed in 1968, had $102.8 million in revenue bonds and notes at the end of fiscal year 2022, according to combined audited financial statements for the

Enjoy complimentary access to top ideas and insights — selected by our editors. Transcription: Lynne Funk (00:03):Hello everyone, and welcome to another Bond Buyer podcast. I’m Lynne Funk, executive editor at The Bond Buyer. I’m excited to welcome Ruth Ducret, Senior Research Analyst at Breckinridge. Ruth has more than 19 years of experience in the

Kentucky is gearing up for the start of sports betting at retail locations on Thursday. “Excitement for sports wagering is building as we are just one week away from opening retail locations and one month from opening mobile applications for sports wagering,” said Gov. Andy Beshear said in a statement last week. Kentucky Senate Majority

Although Oregon’s tax collections have stabilized after several quarters of unexpectedly rapid growth, the state expects to pay out a record-breaking $5.6 billion through its “kicker” rebate, according to state economists, while lawmakers expect to have more to spend on infrastructure and social programs. The previous record kicker was $1.9 billion in 2022. Taxpayers will

Oregon’s third-largest city is about to lose its only hospital, illustrating the fallout of pressured health-care systems across the country.  Operator PeaceHealth announced last week its plan to shutter University District hospital because of underutilization. The hospital in Eugene, which is home to the University of Oregon, loses an average of $2 million a month,

The Oklahoma Turnpike Authority will return to a state oversight board in September in its quest to issue $500 million of revenue bonds for a controversial $5 billion, 15-year expansion project. The Council of Bond Oversight will take up OTA’s bond application at its Sept. 11 meeting, according to Alexandra Edwards, deputy state treasurer for debt

Securities issued by Hawaiian Electric Co. — including tax-exempt revenue bonds guaranteed by the company — have been in freefall in the wake of a devastating wildfire in Maui that killed at least 115 people.  The company’s bond ratings have been cut to below investment grade,  pushing prices on its municipal bonds as low as

California’s late audited financial statements continue to be a topic of discussion for agencies rating the state’s bonds. Fitch Ratings noted that the state was significantly late in producing its annual comprehensive financial report for fiscal year 2021 in a ratings report issued ahead of the state’s plans to price $2.6 billion in general obligation

California has made significant enough progress on its transportation infrastructure that the state’s auditor has removed the sector from its high-risk list. The state auditor puts out an annual report to the governor with a list of state agencies that it believes need improvement because their deficiencies “pose a high risk to the state.” The

A bankrupt California hospital will receive a $10 million loan from a new state program to aid troubled providers. The loan would throw a lifeline to the San Benito Health Care District, which operates Hazel Hawkins Memorial Hospital in Hollister. San Benito filed for Chapter 9 bankruptcy in May as it faced waning cash and

Pittsburgh’s long-running shift from the industrial Steel City to a technological hub is heading in a new direction — toward outer space and the moon. With Pittsburgh as hub, western Pennsylvania, West Virginia and Ohio are becoming a region where robotics, materials science, engineering and advanced manufacturing come together to serve the new space race.

Connecticut’s first offshore wind farm is one step closer to reality after a federal ruling came down this week. On Tuesday, the Bureau of Ocean Energy issued a “record of decision” on a federal environmental review of Revolution Wind, a 704-megawatt offshore wind farm planned for development off the coast of the state in a