NYC Plans $900 Million General Obligation Bond Sale (Update1)
New York City plans to sell $900 million of general obligation bonds as soon as next week, including $675 million of taxable Build America Bonds, according to the city’s Office of Management and Budget.

Paterson-Backed Sugary Beverage Tax Is ‘Unfair,’ Opponents Say
New York Governor David Paterson and New York City Mayor Michael Bloomberg said they favor a penny- per-ounce tax on sugary beverages that a group representing about a dozen state lawmakers and companies including Coca-Cola Co. called “unfair.”

Yields on Tax-Exempt Bond Sales Reach Lowest in Three Months
Yields on local and state government tax-exempt bonds fell to a three-month low as supply shrank to the smallest amount in four weeks.

Georgia Taps Build America Bonds to Subsidize Nuclear Expansion
Georgia’s Municipal Electric Authority tapped the Build America Bond program, selling $1.22 billion of the taxable securities as it seeks to license the first nuclear power plant in the U.S. in 30 years, according to Bloomberg data.

New York Dormitory Authority Will Sell $634 Million of Bonds
The New York Dormitory Authority, the second-biggest municipal bond issuer after California last year, is back in the market with its second offering in as many weeks, backed by the state’s personal income tax revenue.

Catholic Health East Issuing $400 Million in Tax-Exempt Bonds
Catholic Health East, the largest U.S. provider of home health-care services by visits, plans to sell $400 million of bonds in the biggest tax-exempt offering this week.

Georgia Seeks $2.5 Billion for First Nuclear Plants in 30 Years
Georgia’s Municipal Electric Authority plans to borrow more than $2.5 billion this week to help finance its share of two nuclear reactors, which would be the first licensed in the U.S. since the Three Mile Island reactor accident in 1979.

Tax-Exempt Yields Slide to Two-Month Low as Bond Offerings Slow
Benchmark state and local government borrowing costs slid to the lowest in two months as tax-exempt bond sales eased this week to less than $5 billion.

New York State Paying More for Appropriations-Backed Bond Issue
New York, the state with the second- highest tax-supported debt after California, sold $252.8 million of bonds backed by annual appropriations for mental-health centers and rated lower than its full faith and credit pledge.

Maryland Sells $595 Million Debt as Build America Auctions Rise
Maryland, the U.S. state with the highest median household income, led municipal debt auctions today with a $595 million deal that included its largest competitively bid offering of Build America Bonds.