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Reduced ridership, political backlash, and zero-fare agencies are challenging transit system finances.
"I think your first question to them should be 'Are you from the future?,'" the deputy director of the SEC's Office of Municipal Securities said.
Issuance this year has been "relentless" since the start of the year, while historically the "new-issue machine" takes a while to get rolling, said Scott Diamond, co-head of AM Municipal Fixed Income at Goldman Sachs.
Questions over what to disclose in the bond document's risk section has concerned issuers for years, through issues like the pandemic to climate change, and now potential federal funding cuts.
Incoming president Lunda Asmani hopes more entry- and mid-level finance officers will join the association for training and networking.