Virginia

The Virginia Port Authority will sell bonds to finance upfront rent payments for the privately owned Virginia International Gateway.

University of Virginia president James Ryan resigned under White House pressure as the Trump administration pushes higher education to comply with its ideology.

Volume in the Southeast was up 46% in 2024, led by Florida, where municipal bond sales more than doubled to $27.49 billion.

Both houses of the Virginia state government have advanced budget bills that include rebates to taxpayers from surpluses fattened by federal funding and robust tax collections, a trend that concerns policy experts.

The projects funded by the deal align with the city of Alexandria's goal to reduce community-wide greenhouse gas emissions 50% by 2030.

Nashville, Tennessee, voters approved a $2 billion bond measure, while Lancaster County, South Carolina, and Cary, North Carolina, opposed the bond referendums.

Large measures to authorize or support bonds are on the menu in several of the region's largest cities and suburbs.

As federal funding dries up, cites are searching for new funding sources.

Moody's has raised the senior bonds to Aa1 from Aa2 and assigned a stable outlook to them.

North Carolina is the latest state to eye using a P3 to build tolled express lanes amid insufficient state funding.

The region's municipal bond volume grew by 42.4%, outpacing the nationwide 32% increase in a first-half marked by gas prepay deals and Brightline's big sale.

In the first half of 2024, winding-down federal aid, a resurgence of Build America Bond refundings and election uncertainty have contributed to the surge in issuance, said James Welch, a portfolio manager at Principal Asset Management.

A strong tax collection season combined with compromise to seal the deal in a special session.

The Virginia Beach Development Authority priced about $189 million of debt on Thursday with some of the bond proceeds financing portions if the attraction.

The budgetary process has been marked by political fights between the governor and the general assembly.

The Virginia Resources Authority and the Virginia Housing Development Authority have deals on tap while gilt-edged Delaware is selling its GO debt.

The city will leverage its own GO bonds to finance the stadium.

Capital outlay investments in the governor's "common ground budget" provide over $1.4 billion in general fund cash and tax-supported debt for projects, including $100 million of bonds for improvements to wastewater treatment plants.

D.C. promises $515 million in improvements to its existing downtown arena.

LSEG Lipper reported fund inflows of $63.8 million for the week ending Wednesday following $300.5 million of inflows the prior week. High-yield saw its 11th consecutive week of inflows at $180.4 million, down from $278.6 million the week prior.