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The revenue bonds will fund highway improvements expected to spur economic development in West Alabama.

The muni market is dealing with elevated supply this week and secondary flows have "reacted in tandem," said Kim Olsan, senior fixed income portfolio manager at NewSquare Capital.

Fortress Investment Group bought the property in 2021 after it was largely destroyed by Hurricanes Irma and Maria and financed a major renovation that featured reinforcement standards designed to protect against a category 5 hurricane.

After selling $260 million of voter-approved bonds for the project, county officials are eyeing a sales tax ballot measure in 2026 to cover the higher cost.

The U.S. and California economies will slow in early 2026, only to recover later in the year, according to the forecast.

"The county will file an appeal," Suffolk County said in the Dec. 1 EMMA filing.

The county treasurer's new report describing large hikes in Chicago residential tax bills effectively takes property tax hikes off the table for the city.

The transaction, which supports the Navajo community in Ganado, Arizona, represents a major landmark in furthering Native American health care infrastructure, overcoming hurdles tribal governments typically face in issuing municipal debt to open a replicable path to market other indigenous health systems can follow.

This movement comes on the heels of muni yields remaining relatively unchanged throughout November.

A budget forecast prepared by the Virginia House Appropriations Committee shows tightening financial constraints in 2026 —including a higher cap on state and local tax deductions — could result in the state's issuing bonds.