The Latest

State legislators are prepping for a coming storm of budget turmoil caused by shifting Medicaid policy as the era of historic tax cuts appears to be ending.

California faces an estimated $18 billion deficit as a new poll finds state residents expressing more concern about the rising cost of living.

Municipal bond supply projections for next year range from a high of $750-plus billion to a low of $520 billion, with most firms expecting issuance to hover around $600 billion, easily surpassing 2025's record.

Stargate data centers in Michigan and Wisconsin illustrate the risks to municipalities of such projects and the growing backlash to data centers.

Photos from The Bond Buyer's 2025 Deal of the Year awards gala.

A 2025 state law prohibits cities from increasing their property tax revenue if they fail to produce a timely annual financial audit.

Omaha Public Power District will go to market the week of Jan. 5 with about $164 million of Series 2026A separate electric system revenue refunding bonds.

While muni returns moved lower last week, year-to-date returns still hover around 4%, said Jason Wong, vice president of municipals at AmeriVet Securities.

Market Intelligence analyst Jeff Lipton finds that low debt burdens, stronger rainy-day funds, improved pension metrics and robust legal safeguards help states remain a core source of stability and diversification for muni portfolios despite slowing growth and fiscal headwinds.

Concerns about Brightline have dragged down performance in the high yield sector this year.