The Deal of the Year awards, presented Wednesday, recognize innovation in municipal finance and this year’s nominees had to deal with the COVID-19 pandemic in addition to other challenges.
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While the threat of shifting more costs from the federal government looms in the background, the end of the fiscal year is revealing stabilized tax revenue for most states.
The city took the measure to partially address a shortage in its general fund.
Lifting the PABs cap is a priority for transportation advocates, lawmakers from both sides of the aisle and the Trump administration.
A default under the concession agreement could result in termination of the project, according to an analyst.
Geopolitical and macroeconomic factors are hurting USTs, but the muni market still has momentum, said Hennion & Walsh's James Pruskowski.
The larger tax-exempt portion of the bonds reportedly were 18 times oversubscribed.
