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Moody's cited the district's narrowing financial position as its available fund balance sank to 4.8% of revenue in fiscal 2025.
March 5
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Glen Carbon, Illinois, has applied to host the state's first NOVA district, a bigger version of a STAR bond district, to support a big mixed-use development.
March 5
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Rapidly rising property values have led many Republican legislators to back measures that would substantially reduce local government property taxes.
March 5
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With USTs stable and the "snoozer" of economic data Wednesday morning, the muni market has settled, with muni yields little, said Jeff MacDonald, EVP and head of fixed income strategies at Fiduciary Trust International.
March 4
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Los Angeles' weakening fiscal picture and the city utility's exposure to lawsuit liability from the 2025 Palisades fire were cited for the downgrades.
March 4
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The California complaint was filed 12 years ago.
March 4
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As the next surface transportation reauthorization bill takes form in Congress, the transit sector is making a case for its slice of the pie and expanding the use of private activity bonds.
March 4
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The federal government's attempt to end congestion pricing has been thwarted. Other challenges to the program remain.
March 4
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Minnesota lawmakers hope to pass a major bonding bill this year as they face $5 billion of requests from local governments and state agencies.
March 4
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"Once the damage is done, it takes a little longer for it to come back," said Elaine Brennan, executive director of the public finance department at Roosevelt and Cross, of the muni market.
March 3
