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Following multiple revisions and debate that stretched into the new fiscal year, the Massachusetts House of Representatives passed the tax relief package.

The last time muni mutual funds saw outflows top $1 billion was the week ending May 31 when they were $1.345 billion.

CEO Andrew Smith says authority is taking steps toward settling its outstanding debt.

Bonds tied to Destiny USA in Syracuse were cut deeper into junk by Moody's Investors Service on doubts about its ability to extend an outstanding loan.

"The major question is whether a shutdown is going to result in a ratings impact in the municipal market, and the answer here is no," said Jennifer Johnston, director of research for Franklin Templeton's fixed income-municipal bond team.

Two out of three Californians said they expect bad economic times in the next 12 months, according to a Public Policy Institute of California poll.

The city plans to refund the privately placed special tax revenue obligations with long-term bonds in 2024.

California priced $625 million in State Public Works Board lease revenue bonds this week.

"The market has taken to heart the [Federal Open Market Committee] actions from last week," said Jeff Lipton, managing director of credit research at Oppenheimer Inc.

The eleven member General Assembly Joint Tax Credit Review Panel has met several times since the end of the 2023 legislative session.