Ohio

Illinois closed the books June 30 on a "record-breaking" year for general fund revenues.

Moody's downgraded the university and its housing and parking borrowing arm ahead of a bond sale to support the school's goal of increasing on-campus housing.

The Cleveland-based university's 100-year taxable bond landed at a 5.4% interest rate.

The state's two-year capital budget includes incentives for Intel's $20 billion chip production plants and spending on local and state construction projects.

ProMedica's senior living division has suffered deep pandemic-related fiscal wounds while its hospitals' recovery was set back by the Omicron variant.

Relative cheapness, wider spreads and underperformance in munis are providing better value, all set against a very solid and resilient credit background, analysts say, but supply is testing investor sentiment amid volatility.

Columbus is offering $423 million to municipal bond investors in a mix of new money, refunding, tax-exempt and taxable debt.

"If you clean it, they will come," says an EPA official as new federal environmental funding helps cities revamp old industrial areas into new neighborhoods.

Municipal bond issuance in the Midwest reversed course last year, falling by 7.4% to $77.5 billion.

Price has deep experience at the SEC, and Abonamah was once a top presence in the muni office.