Pennsylvania

Pittsburgh recently celebrated removing 11,000 lead water service pipes. It has around 6,000 to go, and estimates that it will finish around 2026. 

Josh Shapiro proposed $500 million of bonds for site development in his executive budget. But site development has its risks, and the returns may take time.

Since war broke out on Oct. 7 between Israel and Hamas, over $1.64 billion of Israel bonds have been sold to more than 35 U.S. states, counties, cities and municipalities.

After decades of underinvestment, Pennsylvania is launching two new grant programs to help schools fund facility improvements. These grants, the state hopes, will encourage districts to spend more money of their own.

The state Supreme Court ruled that prevailing wage rules for public projects don't apply to private entities that borrow using tax-exempt conduit bonds.

"My 'One Philly Budget' invests $2 billion over five years in new operating and capital dollars focusing on five pillars — public safety, clean and green, economic opportunity, housing and education," said Mayor Cherelle Parker, the city's first woman mayor.

An off year from municipal bond issuers in the Northeast in 2023 pulled the national volume numbers into negative territory.

Josh Shapiro proposed sweeping changes to Pennsylvania's K-12 and higher education systems and $500 million of borrowing for his economic development plan.

Josh Shapiro said his 10-year program is Pennsylvania's first coordinated economic development plan in nearly two decades.

The top five bond financings have an average dollar volume of more than $917 million.