Texas

Public schools account for most of the $28.48 billion of bonds on Texas ballots Nov. 7.

Fitch Ratings did a deep dive on the nation's major airport capital programs, as projects have begun, and how they plan to fund them.

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.

"People are just kind of sitting on their hands and being careful because MMD is raising yields every day and people don't know which way this is heading," said John Farawell of Roosevelt & Cross.

A constitutional amendment on the Nov. 7 ballot would deposit $1 billion in a Texas Water Fund with at least 25% earmarked to increase the drought-prone state's water supply.

States nationwide saw slower general fund revenue growth in fiscal 2023 after gains the previous two fiscal years fueled by high inflation and federal stimulus.

Trinity Regional Hospital Sachse filed for Chapter 11 bankruptcy after problems left it unable to pay municipal bond debt service or cover operating expenses.

Airports are returning to the municipal bond market to build and renovate runways, concourses and terminals as passenger traffic rebounds.

The city, which issued POBs in 2005, is awaiting recommendations from an actuary on how to deal with a $3 billion unfunded liability in its public safety fund.

Despite this, August saw the largest monthly volume of 2023, helped by several billion-dollar deals and multiple Texas school district deals.

The 32-bed Trinity Regional Hospital Sachse opened in 2021 and was funded through municipal bonds sold through the Wisconsin-based Public Finance Authority.