Capital expenditure to build artificial intelligence (AI) infrastructure is growing fast, and a rising share is financed with long-term debt and through complex off-balance sheet arrangements.

City finance staff reported a liquid portfolio and a city rate of return near benchmarks, and told the commission the FY2024 audit finished late and FY2025 audit remains outstanding while finance staff performed hundreds of catch-up accounting entries.

Loan growth outpacing nominal GDP growth is not a problem in itself. The concern lies in the composition of the loan growth. by Deepa Vasudevan, BasisPointInsight.com

From Satyam to YES Bank, the controls existed on paper. What failed was the flow of truth between the business, risk, audit and the board. by Rabi N. Mishra, Komal Gupta, BasisPointInsight.com

Committee members and staff described prior drafts and recommended reintroducing legislation to allow the fund to invest in a wider set of insurance‑related assets; the committee voted to include that support in its report to the legislature.

District staff outlined progress on the financial stabilization plan, citing restored reserves and prior gap-closing steps; some board members said the public briefing lacked fresh detail and demanded a specific, actionable plan to cut $30 million in unrestricted spending this year.

Staff noted actuaries recommended increasing the discount rate used for present-value liability calculations (from 3% toward 4.5%), which would reduce liabilities and funding pressures for many small relief associations; workgroup members asked staff to include that scenario in the report.

Davenport presented a pro forma showing strong recent revenue growth and reserves, but projected that 5'5.5% annual increases in water and sewer revenues beginning FY 2028 would be needed to sustain debt-service coverage and target unrestricted cash on hand.

Katrina Montgomery told the board Fitch recently downgraded the district from AA+ to AA; two other agencies earlier maintained triple-A for the district, and S&P is scheduled to review Austin ISD in November.

Commissioner Smith proposed a recurring storm‑cost financing mechanism like ongoing securitization: annual tranches of reviewed storm costs contributed to a special‑purpose vehicle and amortized over years to smooth rates. He framed it as ensuring companies neither profit from nor are harmed by storms.

Eversource witnesses told PURA that an off‑balance‑sheet SPV without securitization features is unlikely to lower financing costs; they reiterated storm costs must be recoverable and that the utility seeks recovery for prudently incurred financing costs at an appropriate cost of capital.

Panelists and lawmakers debated liability caps, disallowance limits and alternative funding—utilities and investors argued caps improve credit and attract long‑term capital; consumer and survivor groups warned caps could shift costs to ratepayers and increase moral hazard.

Executive Officer Rebecca Mitchell told the board the body lacks a mid-level manager to cover key enforcement duties and projected potential insolvency around 2032 absent revenue or scope changes. Members asked about options, and staff said they have identified the risk to raise with the Legislature.

KUALA LUMPUR, Oct 31 (Bernama) — Short-term interbank rates are expected to remain stable next week, supported by Bank Negara Malaysia’s (BNM) financial system operations. The central bank conducted daily liquidity operations this week through reverse repo tenders and Islamic reverse repo tenders, comprising both collateralised commodity murabahah and sell-and-buy-back agreements, to reduce surplus funds in the financial system. On a Friday-to-Friday basis, surplus liquidity in the conventional system fell to RM36.40 billion from RM43.10 billion a week earlier. Surplus liquidity in the Islamic system rose to RM36.40 billion from RM28.10 billion at the end of last week. The Malaysia […]

Utility staff showed scenario-based models tying water sales to weather and proposed several multi-year rate paths (5–9% starts) to rebuild reserves, eliminate an interfund payable and avoid degrading service; staff favors a one-step, annual-review approach.

S&P Global Ratings has announced revisions to its ratings for the City of Austin, Texas’ Series 2026 Electric Revenue Bonds, reflecting an assessment of the city’s financial status and the operations of its utility. The ratings have been affirmed as follows: Series 2026A Electric Revenue Bonds maintain a rating of ‘AA,’ and Series 2026B Electric

by Johanna Treeck — Politico.eu

The Ingham County Board of Commissioners approved the 2027 general appropriations resolution after commissioners praised staff work but debated whether the board should play a more active policy role in budget development. The vote followed remarks that the process had been unusually noncontroversial and technically well prepared.

Michael Warra said recent structure losses are unprecedented, that outcomes of subrogation reform depend on fund solvency and bankruptcy priority, and that extreme events could exhaust securitization accounts and shift large per-customer costs to particular utilities or POUs.

Professor Hillary Allen told the committee she sees limited social utility in blockchain and cautioned against special legal treatment, while industry witnesses and public commenters emphasized practical non-crypto use cases such as healthcare record integrity and supply-chain tracking.

KPERS officials told the joint committee the 2025 actuarial valuation shows the system’s funded ratio improved to roughly 75–76%, unfunded actuarial liability dipped slightly to about $10 billion, and the trust fund reached a record market value of about $32.5 billion.

County staff explained a 120‑day extension of a $4 million West Coast Community Bank line of credit for Pajaro Valley Healthcare District, with the county and partners each backing $1 million. Supervisors signaled support for ongoing assistance while the hospital pursues stabilization options.