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Tag Archives | Municipal Bonds

Moody’s Gives Positive Outlook After Passage of Groundwater Bill

Moody’s has reported that the Groundwater Bill signed by Governor Brown is a credit positive for the drought-ridden Central Valley. While issues still loom surrounding water supply for the region in the drought, this piece of legislation requires that local government create groundwater sustainability plans for over-drafted basins, prescribing that local governments regulate their groundwater […]

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Urban Futures, Inc. Performs Infrastructure Finance Districts Feasibility Study

Urban Futures Inc. (UFI) has completed an Infrastructure Financing District (IFD) Feasibility Study for the City of Menifee, allowing the City to make informed decisions when determining its next move in this post-redevelopment era. With the passage of SB 628, the State legislature has indicated a willingness to empower local governments to invest in their […]

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What SB 628 means for local government

SB 628 (Beall) stands to shift back to local government certain powers related to financing infrastructure improvement projects that had been stripped away with the dissolution of redevelopment. After the Governor eliminated redevelopment in early 2012, cities were left with few tools to fund large-scale infrastructure and economic development projects. SB 628 empowers local governments […]

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S&P ratings accurate, according to Municipal Market Advisors

Municipal Market Advisors (MMA) has released data that suggests Standard & Poor’s (S&P) ratings, while generally higher than Moody’s and Fitch, are not inaccurate. This data speaks to the growing concern over S&P’s new methodology implemented last year when calculating ratings. The data suggests that while S&P ratings have been higher, they are not inaccurate […]

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Changes in ‘Liquidity’ rules could impact local government

Next month, regulators at the Federal Reserve, Federal Deposit Insurance Corporation, and Office of the Comptroller of the Currency will meet to finalize rules that will likely impact state and local governments. During the 2008 financial crisis, markets froze due to a lack of liquid assets. In an effort to safeguard against that, regulators are […]

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Urban Futures, Inc. Corporate Office: 17821 E 17th St, Suite 245 Tustin, CA 92780
Northern California Office: 1470 Maria Lane, Suite 315, Walnut Creek, CA 94596