Texas

Record-breaking hot temperatures in the Southwest this summer likely had economic consequences and could focus the municipal bond market on heat-related credit risks and infrastructure needs.

Surpassing $150 million in total investments, New York, Illinois, Pennsylvania, Texas, Ohio, Arizona and Georgia have joined Florida, Miami-Dade and Palm Beach counties and Miami Beach in supporting Israel financially in the wake of the deadly terror attacks by Hamas.

The top five bond financings have an average dollar volume of more than $1.2 billion.

As the program inches through the federal appropriation process, Texas lawmakers have allocated state funds and created a five-county district with taxing power.

John Whitmire said one of his main priorities as mayor would be repairing and upgrading a decrepit, leaky water-distribution network.

Several states enacted school voucher or tax credit laws this year, while Arizona officials grapple with rising costs in its universal program.

This comes as the firm shores up its presence in Texas.

Escalating operating losses led to bond rating downgrades for Wise Health System ahead of its potential acquisition this quarter.

September's total volume ticked up 1.2% to $27.585 billion in 531 issues from $27.251 billion in 592 issues a year earlier. However, the month's total is lower than the $30.652 billion 10-year average, according to Refinitiv data.

The city plans to refund the privately placed special tax revenue obligations with long-term bonds in 2024.