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The fiscal 2026 budget would increase police and fire funding by $63.1 million as the city works to comply with a voter-approved public safety spending mandate.

A flow of public dollars to private schools has raised credit concerns about public schools and spurred litigation in Southwest states.

Citing a "meaningful improvement in the state's balance sheet," S&P Global Ratings Monday upgraded New Jersey to A-plus from A.

Returns for the month currently stand at 0.64%, which have "pushed muni returns back into the green with year-to-date returns of 0.09%," said Jason Wong, vice president of municipals at AmeriVet Securities.

The largest investors in the Brightline Florida train have negotiated new terms ahead of an Aug. 13 repayment deadline.

The Virginia Port Authority will sell bonds to finance upfront rent payments for the privately owned Virginia International Gateway.

The University of California is slated to price $1.5 billion in revenue bonds next week even as it battles Trump administration threats to research funding.

Federal Reserve Vice Chair for Supervision Michelle Bowman said she foresees three interest rate cuts for this year, a view bolstered by the latest employment data.

The rating agency cited stong debt service coverage and modest leverage.

Both sides of the muni market would be affected by new tax schemes being weighed by states with growing populations and dwindling revenues, according to analysts.