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Muni issuers are staunchly opposed to what they characterize as an unfunded mandate that provides limited benefits.

Changes to the district's pension code now enshrined in state law put it on a path to full funding in 30 years after voters approved a property tax levy hike.

The scheduled expiration of the TCJA tax cuts "is the most significant factor pushing up tax revenues relative to income over the next 10 years," the CBO said.

A reduction in the program's reserves and February debt payments and maturities of outstanding guaranteed bonds will increase capacity by $7 billion to $9 billion.

Rising interest rates depressed refunding opportunities, but new money issuance rose amid demand for infrastructure to serve the region's growing population.

With $300 million of term bonds due in 2051 underperforming in secondary market trading, Kansas officials are eyeing a surplus revenue funded buyback plan.

The Federal Reserve will likely have to keep raising interest rates to rein in price growth, which could slow economic expansion and affect the jobs market, Governor Michelle Bowman said.

Total volume in 2022 was at $389.094 billion in 9,123 deals, down 19.5% from the $483.358 billion in 13,130 deals in 2021, according to Refinitiv data.

The two main insurers, Assured Guaranty Municipal Corp. and Build America Mutual, accounted for $28.823 billion of deals in 2022 compared to $37.193 billion of in 2021.

Healthy coffers, revenue growth, and strong market technicals led to declining need for short-term borrowing among municipalities last year.