"A lawsuit like this is probably critical for any future settlements or agreements, because it will (maybe) determine up front if the incoming [board] members, and thus whatever agreements they sign, are valid or not," said Matt Fabian, a partner at Municipal Market Analytics.
Munis have outperformed USTs and corporates by more than 1.0% month-to-date on the heels of this rally so far, BofA strategists said.
Minnesota school districts face a financial crunch as the end of pandemic relief funds coincides with rising expenses, lower enrollment and labor pressures.
For the 24th year, The Bond Buyer editorial board will identify and recognize the year's most outstanding municipal finance transactions. Nominations close on Tuesday, October 14.
BDA plans to hold the fly-ins twice a year, CEO Mike Nicholas said.
All of fiscal 2025 was funded under continuing appropriations instead of the traditional appropriations process.
