The Latest

Political change in Washington and the looming budget battle is raising anxiety in state legislatures.

The rating agency cited an easing of the state's fiscal challenges for lifting the outlook on the state's Aa2 rating to stable from negative.

Bond Buyer senior reporter Keeley Webster hosted a wide-ranging discussion on the state's fall bond slate, housing, and second-term priorities with California Treasurer Fiona Ma and Deputy Treasurer of Public Finance John Sheldon.

A circuit court judge earlier this year struck down the law prohibiting state and local government contracts with firms "boycotting" the fossil fuel industry.

As stadium and arena deals grow in complexity and expense, the capital stack often includes a combination of public and private money along with revenue generated by the facilities.

Firms including PNC, FHN and Texas Capital are hiring to build their public finance teams and increase their presence across the country.

Munis are in the black so far this month, with the Bloomberg Municipal Index at +0.33% in December and +2.88% year-to-date, the high-yield index is at +0.27% in December and returning 8.41% in 2024, while taxable munis are returning 0.43% so far this month and 4.58% in 2024.

Principal Street Partners will acquire the bankrupt firm that specialized in high-yield bonds issued for senior living facilities and charter schools.

The San Diego County-based healthcare district is at risk of "breaching financial covenants which, absent lender cooperation, could lead to acceleration of all of Palomar's outstanding revenue debt," Moody's Ratings analysts wrote.

The legislation sends unobligated dollars from the TIFIA program to the popular Surface Transportation Block Grant.