The bill was a response to a charter school fraud that took the state for $400 million, but Gov. Gavin Newsom said the proposed reforms were too expensive.
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Maryland's Capital Debt Affordability Committee is recommending the state stick to its guns by endorsing a plan to borrow up to $1.75 billion for capital projects in the coming fiscal year, despite the job shedding inflicted by the Trump administration's plans to shrink the federal government.
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The attackers did not steal any data, but the firm had to rebuild its servers to get back into operation, said Albert Rodriguez, a manager at ImageMaster.
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Frederick Putnam has joined Texas Capital's government, nonprofit and institutions team as managing director, senior relationship manager.
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Earlier Thursday, the market was "chugging along, doing OK, just kind of nothing, in between slight strength to modest upticks, but the narrative changed when that bank news came out. The market really ran pretty quickly," said Chris Brigati, managing director and CIO at SWBC.
October 16
R. Wade Norris has joined the Washington, D.C., office of Dinsmore & Shoal as a partner to shore up operations in the firm's work in multifamily finance and public private partnerships.
Federal Reserve Gov. Stephen Miran said Thursday that the central bank's forays into examining climate change and racial justice under the prior administration politicized the Fed. He also argued that Fed officials should limit their comments on economic policies such as tariffs.
The Trump administration's tariff policy is affecting vulnerable pockets of the economy including the construction industry, port operations and states with a reliance on international trade.
At The Bond Buyer's Buy-Side Summit, panelists from BlackRock, Goldman Sachs, Invesco, and BAM Mutual explore how demand for customization, transparency, and active strategies is transforming the muni fund landscape.
Introducing The Bond Buyer's newest class of Rising Stars, who will be honored at an awards dinner in Boston on Sept. 30, 2025.
In this panel from The Bond Buyer's July 31 Virtual Summit, "The Shifting Muni Buy-Side," experts explore how volatility, tariffs, and reduced federal support are transforming municipal credit and attracting new forms of private capital.
The steady demand for municipal bonds in high-risk areas underscores the complex relationship between climate change and financial markets.
Oppenheimer's Head of Public Finance Beth Coolidge and Columbus Auditor Megan Kilgore delve into the future of public finance and human infrastructure on a wide range of topics, from affordable housing and workforce development to public health, climate resiliency, and digital access.
As extreme weather events occur with more frequency across the country, Michael Gaughan, executive director of the Vermont Bond Bank, says municipal bond banks can help smaller communities deal with the effects of them. Gaughan speaks with The Bond Buyer's Lynne Funk on the effects of climate change and how the various levels of government can work together to address it.
The rating agency's review was triggered by the city's move to effectively end plans for a seawater desalination project that has $235 million of bonds outstanding.
This year's portfolio growth will save the city $2.18 billion over the next five years, Comptroller Brad Lander said.
Moody's cited continued liquidity improvements in the ratings lift for the northern California clean energy aggregator.
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The new-issue calendar is at $15.637 billion and boasts four mega deals.
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State and local pension funds are "surviving but not thriving," said Equable in its State of Pensions 2025 report.
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By delaying the bill signing, Oregon Gov. Tina Kotek shortens time opponents have to gather signatures for a measure to overturn the transportation bill.
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Fitch Ratings cited the hospital's growing revenue and other factors in lifting the issuer's outlook.
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The city plans a competitive general obligation bond sale, as well as a sales tax revenue bond issue to help finance a professional basketball arena next year.
October 16