Colorado

Colorado lawmakers are working on a $5 billion funding proposal for transportation; this week's $500 million debt issue targets immediate needs.

After facing outside economic data pressures and rising U.S. Treasuries, municipals ended the week on solid footing ahead of a larger calendar with newly upgraded Connecticut leading with $1 billion of exempt and taxable GOs.

With help from a flood of federal funding, Colorado lawmakers were able to restore funds lost in the pandemic.

Anticipating a flood of funding from President Biden's infrastructure plan, states are positioning for an expansion of broadband to rural and underserved areas.

S&P Global downgrades Tri-State Generation and Transmission Association to BBB-plus amid plans to reduce coal consumption and lower costs for members.

Newman, who died in November at 87, played a key role in public finance in Colorado's boom years.

Denver is selling $274 million of dedicated tax bonds in a deal to fund projects at the National Western Stock Show complex and Colorado Convention Center.

They assumed their jobs over the past year in the face of a pandemic, civil unrest and financial uncertainties, and in an industry often set in its ways.

The $125 million deal from the Colorado Housing Finance Authority carries a third-party social bond opinion from Kestrel Verifiers.

Facing resistance from the local investor-owned utility, the Colorado college town ended its bid to form a municipal utility and signed a new franchise deal.

State lawmakers took only three days to approve more than $200 million of relief for businesses and individuals in a special legislative session.

The Regional Transportation District will issue $340 million for Denver Transit Partners, the concessionaire of three Denver-area commuter rail lines for RTD.

Among the measures, Arkansas voters voted to make a temporary transportation sales tax permanent and Arizona voters raised income taxes on high earners.

The airport will sell $925 million in a deal structured to lower short-run debt-service outlays as it manages through the coronavirus-driven air travel decline.

One example of the growth of the industry is the nearly tenfold increase in Colorado’s marijuana tax revenue to $250.7 million in 2018 from $25.3 million in 2014.

Low rates in an economic crisis brought a plethora of Southwest municipal bonds to market, and some see a strong second half coming.

The Longmont City Council is expected to formally decide in August whether to seek voters' November election approval of a ballot question that would authorize the city to sell up to $80 million in water revenue bonds.

State auditors will continue to be represented on the Governmental Accounting Standards Board after Chairman David Vaudt ends his term June 30 although not as the chairman.

Even with the news that New York City is looking to potentially borrow $7B through its Transitional Finance Authority as it faces $9B in lower revenues, the market didn’t blink and TFAs traded firmer.

Colorado will continue its highway building with $500 million of certificates of participation, as it weathers its deepest downturn in years.