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"The overall muni market appears to be in a good balance despite the hefty slate of primary issuance that has occurred over the past few months," Birch Creek Capital strategists said.

While it may cost the city more to sell its bonds, the negative outlook could increase market participation, one analyst said.

Though further adjustments may be needed, Fitch Ratings analysts said the budget supports the state at its current AA rating level.

The Jeffrey Matthews Financial Group has been charged $110,000 for charging unfair prices on 86 municipal bond transactions a week after being dinged for Reg BI violations.

U.S. Soccer will issue $200 million of tax-exempt revenue bonds through the Fayette County Development Authority. 

With Antonelli's hiring, IMTC will be able to more efficiently scale fixed-income management and maximize alpha opportunities for clients, the firm said.

The city will return to the market two weeks after closing its Transitional Finance Authority's biggest-ever deal.

Continued economic growth and budgetary discipline could lead to an upgrade of the state's AA rating over the next two years, S&P said.

The muni market tends to have "remarkable patience" in relation to USTs, said BofA strategists.

California Gov. Gavin Newsom released an executive order directing state agencies to clear homeless camps off state properties and urged cities to do the same.