April's volume was revised upward to $45.825 billion in 727 issues, up 2% from $44.945 billion in 707 issues in the same period in 2024, according to revised LSEG data.
Republicans balked at a national car registration fee to support the insolvent Highway Trust Fund.
State officials say the long-term infrastructure service contracts Sustainability Partners signs with municipalites should be legally treated as long-term debt.
The top 10 saw some changes, with Gilmore & Bell and Squire Patton Boggs entering the top 10, while Troutman Pepper Locke and Ballard Spahr were bumped.
The muni market is coming out of oversold conditions, said David Litvack, a tax-exempt strategist at BofA.
Dan Aschenbach and Namsoo Lee created Municipal Financial Solutions Associates to help utilities manage the changing economic and regulatory landscape.
