Muni Lowdown: Rank and File

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The FOMB filed its proposed plan of adjustment to restructure USD 35bn of debt and other claims against Puerto Rico, the Public Buildings Authority, and the Employees Retirement System. The US Virgin Islands Water and Power Authority is facing a plethora of problems, including the need for additional funding, massive cost overruns, regular losses of power, providing water that may not be fit to drink, and falling victim to a USD 2m fraud, Across the US, more than 50 million students made their way back to school last month, but some of the largest districts in the country will continue to struggle with declining enrollment. The California Public Utility Commission approved Pacific Gas & Electric’s proposed sale of a hydroelectric plant and reservoir to the Nevada Irrigation District.

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