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Because revenue from riders at the farebox has not recovered as well as the MTA had expected, budget gaps are rising as federal funds are falling.

Most public pension funds are fragile not distressed, according to Equable.

While an Oklahoma regulatory official said the bond sale's results for ratepayers was “simply horrifying,” the rapid increase in U.S. Treasury and municipal interest rates since the start of the year were directly correlated.

Federal Reserve Chair Jerome Powell recently sold more than $1 million of municipal bonds issued by various entities across the U.S. as tough new ethics rules took effect for central bank officials in the wake of a trading scandal last year.

The top two bond insurers — Assured Guaranty and Build America Mutual — accounted for $17.132 billion of deals in the first two quarters.

The governor refused board's order to suspend implementation and enforcement of the new law that the board says will hurt the island's labor market and revenues.

“We have to be able to build things better and faster in this country and you don’t have to be a Democrat or a Republican to agree with that."

The Investment Company Institute reported investors added $543 million to muni bond mutual funds in the week ending July 13 compared to the $1.061 billion of outflows in the previous week.

The 2023 fiscal year chair, vice chair and four new members will be announced after the meeting and the board will adopt its FY 2023 budget.

Bond premiums decrease when a city facing flood risk adopts measures that will reduce those risks, according to a recent study.