Thomas Nocera
The Bond Buyer
New York, United States
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Past articles by Thomas:
American Dream mall misses another debt payment
A reserve account doesn't hold enough cover the semi-annual $8.7 million interest payment, said the bond's trustee. → Read More
Maine governor's budget proposal seeks debt-free capital funding
Janet Mills wants to use $1 billion in federal infrastructure aid and higher-than-expected state revenue to fund billions in transportation improvements. → Read More
South Carolina governor wants bigger reserve, more capital spending
Gov. Henry McMaster wants to fuel capital development while avoiding new debt and is asking lawmakers to approve billions in one-time allocations. → Read More
Federal funds help repair water and waste lines after Kentucky floods
The funds will be used to restore running water in counties still grappling with infrastructure damage wrought by July's flash floods, Gov. Andy Beshear said. → Read More
Fitch upgrades Morgan Stanley-backed municipal prepaid gas bonds
The upgrades follow Fitch's upgrade of Morgan Stanley, the guarantor to the gas supplier in all of the transactions. → Read More
Heather Litzebauer
A job tip from a former Little League coach helped lead Heather Litzebauer to a fruitful career at municipal underwriting and advisory firm NW Financial Group. → Read More
Douglas Goldmacher
When Douglas Goldmacher, a Long Island native, graduated from the University of Rochester in 2011, a career in municipal finances wasn't on his mind. → Read More
With flush reserves, Massachusetts gains S&P outlook boost
The rating outlook boost to positive from stable follows recent progress on steadying reserve rates and paying down debt, S&P said. → Read More
Tax appeal may impact PILOTs for American Dream mall in New Jersey
The mall operator want a downward reassessment of the property's estimated value, a move that could reduce quarterly PILOT payments that back tax-exempt bonds. → Read More
New Jersey and Connecticut have eased longstanding pension pains somewhat
Improved commitments to pension funding, coupled with other changes to the two states' retirement systems, have yielded bond rating upgrades for both. → Read More
Lisa Gorab, a New Jersey bond counsel 'trailblazer,' is remembered
Gorab, president and managing director of New Jersey's Wilentz, Goldman and Spitzer, died in June at age 61. → Read More
Georgia's multi-billion-dollar surplus will fuel election-year debate
The latest revenue numbers come ahead of a governor's race that rematches incumbent Brian Kemp against Democrat Stacey Abrams, whom he narrowly beat in 2018. → Read More
Revenue surge will play a role in New Jersey budget deliberations
Signs of robust economic recovery in New Jersey added an additional $4.5 billion in revenue to the state's fiscal 2022 tax revenue estimates. → Read More