Today In The Markets

Harrisburg University of Science and Technology violated its bond covenant at the beginning of the month when it missed a monthly $1.2 million interest payment to the bond trustee. Jessica Warren, Harrisburg University’s executive director of marketing and communications, said the university only needs to make interest payments twice a year on its outstanding bond

The flooding in Vermont last summer illustrates climate change’s impact on U.S. localities and their financial responses. Severe floods that were triggered by several days of heavy rainfall in Vermont left homes washed out and businesses and municipal facilities with severe physical damage. It also left some of the rural communities in the state, which

As states and the federal government grapple with ways to replace or complement the diminishing gas tax, the idea of a per-mile user fee has gained public support over the last decade. That’s according to the latest annual survey from the Mineta Transportation Institute, based at San Jose State University, which for the last 15

Debt issued by the California Community Choice Finance Authority, a conduit for the state’s community choice aggregators, has climbed to nearly $10 billion in the three years since its inception. The first California CCA agency was created in 2010 to offer communities alternatives to purchasing power from private utilities and to encourage growth in more