Colorado

Jared Polis' $42.7 billion all-funds spending plan for the fiscal year that begins July 1 includes a $16.7 billion general fund with a $2.174 billion reserve.

The upcoming Federal Open Market Committee meeting on Tuesday and Wednesday has led to a lighter new-issue calendar with $2.72 billion on tap.

Triple-A curves were a touch firmer in spots as secondary trading took a backseat to the larger primary activity with Connecticut and Massachusetts pricing general obligation bonds, a large CommonSpirit healthcare and several competitive issues led by Rhode Island GOs.

The nation's largest not-for-profit health system returns to the market with a mix of new money and refunding debt offering tax-exempts and taxables.

With Texas reporting a double-digit revenue increase in fiscal 2022 and projecting a record budget surplus, Gov. Greg Abbott wants a large property tax cut.

The "after-action" report concluded that the Great Hall project would have been better served with a more traditional finance and contracting approach.

Moody's said 35 out of the 82 borrowers that disclosed first-time draws on debt service reserve funds since April 2020 have averted delinquency "at least for now."

Bond issuance in the Southwest region was down 10.1% to $40.8 billion from January through June compared to the same period in 2021.

At the Colorado DOT, Shailen Bhatt oversaw the $1.2 billion I-70 expansion, a public-private partnership that was the state's largest highway project to date.

Munis have been steady to firmer in spots over the past few trading sessions as fundamentals have taken over. Triple-A 30-year munis dipped below 3% Tuesday, the first time since early June.