Far West

But governor and an analyst caution about appropriating "excess revenues" before an audit.

The capital finance director of the San Francisco Public Utilities Commission delivered some biting remarks to states banning underwriters based on political issues.

Fiona Ma delivered speeches Monday at The Bond Buyer California Public Finance conference and California Debt and Investment Advisory Commission pre-conference.

Monday's opening panel of The Bond Buyer California Public Finance conference in Los Angeles was an insiders' look at muni market challenges and opportunity.

The Bond Buyer conference, held online in 2020 and 2021 because of the pandemic, returns in person Monday in Los Angeles for the first time since 2019.

Outflows from municipal bond mutual funds receded as investors pulled $1.090 billion out of funds in the latest week, versus the $3.416 billion of outflows the prior week, according to Refinitiv Lipper data.

Richmond issued $154.1 million in pension obligation bonds in a refunding that terminates swaps, ends a county intercept, and extends the final maturity.

The muni market may get a temporary boost of support this week as investors received $18 billion of maturing and called bond proceeds on Sept. 1.

Economists presented a good news-bad news scenario during their September forecast that included the possibility of a recession, which would kill the kicker rebate.

Baker Tilly will fold specialty consulting firm Management Partners into its public sector practice next month.