Mississippi

Low temperatures in Mississippi's capital on Christmas Eve caused pipes to burst across the city. Utility crews are struggling to make repairs.

The former municipal advisor Porter Bingham has been sentenced to four months imprisonment and two years term of supervised release following his fraudulent billing to the city of Rolling Fork, Mississippi in connection with a 2015 bond offering.

Mississippi's largest city is without running water. It has $191 million in outstanding water and sewerage revenue bonds, according to Moody's.

While the report offers many positives for states, headwinds loom, according to investment management firm Conning.

The rating agency also confirmed the city’s Ba2 rating on $191 million of outstanding water and sewer revenue bonds.

Month over month, the municipal market is in a much better position, as heavy demand and flows continue to drive it.

The state is selling $1.2 billion of GOs, and a recent deal from Vicksburg highlights a structure that makes a difference to the state's local governments.

Porter Bingham stands accused of stealing $33,000 from the city of Rolling Fork, Mississippi.

Refinitiv Lipper reported $600 million of outflows from municipal bond mutual funds as the market correction caught up. High-yield funds lost a massive $722 million after $330 million a week prior.

States that are projecting fiscal 2021 revenue declines of more than 15% include California, Colorado, New Jersey, New Mexico, Oklahoma, and Vermont.