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The ASCE in a report analyzing future infrastructure needs says it will take a mix of public and private funds to narrow the funding gap.

With the market "hungry" for high-yield bonds, declining cigarette sales have not had as much of an impact "as maybe it should or could in the future," said John Miller, head and chief investment officer of First Eagle's High Yield Municipal Credit team.

Along with tax cuts and school funding increases, lawmakers created passenger rail funding streams and paved the way for a historic hotel's bond-financed purchase.

The muni market improvement has the asset class seeing gains of 1.08% so far in May, as year-to-date returns inch closer to "positive territory," said Jason Wong, vice president of municipals at AmeriVet Securities.

Argument continues over how much PREPA will be able to pay bondholders.

The proposal would codify a supervisory system that recognizes the work from home reality.

On Friday, Mayor Brandon Johnson will headline Chicago's 2024 investor conference, organized around the narrative that rating agencies underestimate the city. 

California Gov. Gavin Newsom's May budget revisions brought 260 program cuts, but he will not raise taxes or layoff or furlough employees to close the deficit. His plan would cut 10,000 vacant positions.

Pittsburgh recently celebrated removing 11,000 lead water service pipes. It has around 6,000 to go, and estimates that it will finish around 2026. 

The New York City Transitional Finance Authority leads the new-issue calendar with a total of $1.8 billion of future tax-secured subordinate bonds in the negotiated and competitive markets.