Even as Florida advances a pair of bills expanding the state's already broad public-private partnership authority, the P3 message from the state's debt office appears less than enthusiastic.
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More than $17 billion of general obligation bonds piled onto May 4 election ballots in the state, with voters passing some of the biggest, including Dallas' $1.25 billion, 10-part package.
May 9 -
In a new debt profile report, the Comptroller Thomas DiNapoli says the MTA will be pressured if congestion pricing tolls in Manhattan are blocked.
May 9 -
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Charter schools had the most impairments in the past 12 months.
May 9 -
Municipal bond mutual funds saw another week of inflows as investors added $1.053 billion in the week ending Wednesday, the second-largest figure this year.
May 9
A state judge issued a temporary injunction against enforcement of the Energy Discrimination Elimination Act, which has led to the ban of seven financial firms, including four big municipal bond underwriters, from government contracts.
The latest revision of Oklahoma's fossil fuel "boycotter" list added Barclays, which joins three other municipal bond underwriters placed there last year.
Climate change presents a higher risk for muni bonds, compared to other investments, because the debt often has longer maturities and therefore, higher vulnerability to the long-term effects of climate change, said S&P' Sustainable1's global head of research and methodology.
In the wake of Citi's and UBS's exit from the municipal industry, other firms are seizing the opportunity to expand with new hires.
BNP Paribas' Lindsay Costigan discusses the progress and ongoing challenges for women in the financial sector, her role in pushing for gender parity and diversity in finance, and how critical career decisions at pivotal moments can define success.
The top 10 bond counsels saw some shuffling and welcomed two new entrants, Locke Lord and Ballard Spahr.
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California lawmakers asked the high court to intervene on the measure headed for November's ballot.
May 8 -
Immigration effects in municipalities are seen as pros and cons
May 8 -
"One big challenge is the amount of advocates that we've had in Congress that will be retiring or no longer running for re-election," said SIFMA's Leslie Norwood.
May 8 -
Lawmakers in Illinois have proposed legislation to consolidate the Chicago Transit Authority, Metra, Pace and the Regional Transportation Authority.
May 8 -
April's "poor performance" pushed munis further into negative territory, but "despite the poor start to the year, they may still end the year positive," said Cooper Howard, a fixed-income strategist at Charles Schwab.
May 7