Texas

A tender offer and a debt service shortfall related to bonds issued in the wake of Winter Storm Uri popped up this month as its financial impact lingers.

Public sector employers are in a fierce competition with the private sector for workers and may be losing amid labor shortages and inflation.

The Biden Administration has partnered with five cities and the State of California in efforts to reduce homelessness.

A change by the IRS increases the Permanent School Fund's capacity by nearly 86%, allowing its triple-A school bond guarantee to be widely available again.

Harris Health System is asking Harris County to place a bond proposition on the November ballot.

Chicago Mayor Lori Lightfoot and Texas Gov. Greg Abbott traded barbs over the flow of migrants as the city has been overwhelmed since Texas began sending them on to Chicago last August.

Public school districts account for most of the bonds on ballots as some need to finance new facilities to accommodate rising enrollment.

Total volume for the month was $30.599 billion in 577 issues, down from $40.423 billion in 900 issues a year earlier. Total issuance year-to-date is at $107.626 billion, falling 25.2% from the same period of 2022.

A bill that advanced last week in the Texas Legislature would force a citywide vote on bonds for the Project Connect plan to build light rail.

Photos from The Bond Buyer's Texas Public Finance conference.