Washington News from Bond Buyer

Illinois released its 2025 Annual Comprehensive Financial Report last week, completing the report nearly eight months earlier than its 2024 ACFR.

The nearly $18.3 billion fiscal 2027 budget signed by the governor this month provides $1.4 billion in tax cuts over four years.

Market Intelligence analyst Jeff Lipton explains why constrained state budgets should not be mistaken for broad credit deterioration, pointing to rainy-day funds, revenue diversity, low debt burdens and strong debt-service protections as key stabilizers.

Squire Patton Boggs alum Sarah Vilms will advocate for large public power providers in D.C. at a time when the demand for electricity is skyrocketing.

The firm violated MSRB Rules G-47 and G-27, FINRA found

Democrats have, at least temporarily, blocked measures that would have led to local sales tax increase referendums.

The Commonwealth Transportation Board in Virginia rolled out a $28.5 billion, six-year transportation infrastructure improvement plan that covers roads, bridges, rail, and more.

Cameron Hamilton, the current nominee to head up the Federal Emergency Management Agency, responded to accusations of political bias during a Senate hearing on Wednesday.

"The upgrade recognizes two important factors: the strong operating performance of Vogtle Units 3 and 4 since entering commercial service and the strength of the project's contractual framework," said Ernest Libershteyn, MEAG director of finance and treasury.

For the first time since 2023, Georgia will bring its general obligation bonds to the municipal bond market, with a $1.57 billion competitive deal.

Ohio Gov. Mike DeWine on Monday signed the state's $3.7 billion FY2027-28 capital budget, lauding the budget's breadth and impact on ordinary Ohioans.

Alexandria, Va. is moving forward with a $155 million plan to convert a former power plant into a 2.5 million square feet development by leveraging tax increment financing and bond sales.

The port processed 840,165 twenty-foot equivalent units in May compared to 716,618 a year ago.

Kansas City, Missouri, is weighing $235 million in special obligation bonds to help fund the $1.4 billion expansion of the KC Current's two-year-old stadium.

As the Trump administration touts an end to the Iran war and the eventual opening of the Strait of Hormuz, oil prices are dropping which may push muni yields down and fuel demand.

South Carolina — which just passed a law allowing tolls and public-private partnerships — won federal funding for a statewide asset scan focused on its major transportation corridors for potential P3s.

The Texas city's $115 million general obligation bond sale comes as a water supply emergency and potential further negative rating actions loom.

After the DOT "expedited" a $25 million investment in the train, Q1 trespassing incidents and collisions on Brightline Florida fell 30% year-over-year, the office said.

Hospitals, universities and transit agencies are among the issuers that would face heightened uncertainty around federal funding if the rule is enacted.

Budget legislation was introduced in both houses of the California legislature last week, setting up negotiations.