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Without federal funding, many toll facilities will be forced to comply with bond covenant requirements, which could mean reductions in workforces and delays in capital projects, toll groups said.

Red tape and the need for more funding has slowed the process, according to the NLC.

The announcement comes at a pivotal time for the municipal market as the SEC released a statement earlier this month detailing the kinds of coronavirus disclosures municipalities should be making.

First finance officer from a K-12 school district to serve as GFOA president had to deal with coronavirus fallout.

GFOA will be launching a new online learning-management system by the end of the year to connect its members.

Investors, while confident long-term about the transit authority, worry about immediate risks, Chairman Patrick Foye said in a letter.

The GFOA is advocating for federal funding for special districts, which have not received any specific funding.

Groups want action before municipalities have to approve their budgets.

In March 2020, spreads skyrocketed to 97 basis points before dropping slightly to 88 basis points in April 2020.

The request for a second municipal lending facility was made in a bipartisan letter sent to the Fed last week by four senators.

The MSRB also said more municipalities have begun referencing CARES Act loans in their disclosures.

Kent Hiteshew, who was recently hired by the Fed to help with the municipal market, said the Municipal Liquidity Facility opened Monday.

The co-chair of the House Municipal Finance Caucus also predicted the cost of the $3 trillion HEROES Act will be negotiated downward.

Analysts and issuers say the Municipal Liquidity Facility is a last resort aimed primarily at lower-rated issuers. But recent deals could prove the MLF’s effectiveness as a backstop.

With retail sales' record decline, budget pain will continue.

Most observers expect advance refundings and BABs will be included in some legislation enacted this year.

SIFMA released two new model documents to reflect the senior managing underwriter’s role to make standard disclosures as well as its own dealer transaction specific disclosures to keep up with changes to the MSRB's fair dealing rule.

The $3 trillion plan doesn't allow advance refundings or reinstate Build America Bonds

Market participants want the Fed to get the program up and running by the end of this month.

More than four out of five states needed supplemental appropriations, rainy day funds or fiscal reserves to meet coronavirus challenges.