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"A lot of these priority items are bottlenecking, said Brian Egan, director of government affairs at the National Association of Bond Lawyers.

Plans for a garbage-to-jet fuels facility in Gary, Indiana, are on hold after bonds for the same operator's plant in Nevada went into default.

LSEG Lipper data Thursday showed $297 million of outflows from municipal bond mutual funds for the week ending Wednesday after $780.1 million of outflows the week prior.

Ahead of issuance, the city's $40.2 million of general obligation bonds received top marks from Fitch and S&P.

The state's strong reserves contributed to brighter rating outlooks from Moody's Investors Service and, earlier this year, S&P Global Ratings.

"It's not hard," said Sanchez, the SEC's director of the Office of Municipal Securities.

The state is issuing more GO debt this year because it's well positioned to tap the bond markets, Nevada State Treasurer Zach Conine said.

The rating agency raised the city's general obligation and sales tax securitization bond ratings a notch to BBB-plus and AA-plus respectively.

Rep. Jim Jordan, R-Ohio, has endorsed a plan that would raise the state and local tax deduction limit to $20,000 for single filers and $40,000 for couples.

Pessimism reigned during the state of the union panel at The Bond Buyer's California Public Finance conference in San Francisco.