Wisconsin

A local memorial service in Madison, Wisconsin, for Hoadley is set for Saturday with a Washington, D.C., gathering expected in November.

Higher education borrowing led by century bond deals helped offset the dive in refundings brought on by rising interest rates.

Frank Hoadley retired in 2013 after 25 years as Wisconsin's capital finance director during which he built a reputation as a standard bearer of state debt management.

Wisconsin Capital Finance Director David Erdman, who is leaving for the private sector, hands the reins of the office to his deputy on Friday.

Erdman closes the books on a three-decade career with Wisconsin next week and heads to municipal advisory firm Baker Tilly.

This week's $61.8 million Wisconsin Health and Educational Facilities Authority deal folds two new subsidiaries into the obligated group.

The firm poached four Piper Sandler bankers to increase its presence in a sector that serves one of the fastest-growing U.S. demographics.

If the deal closes, the two systems say they will evaluate existing debt structures and combine credits where possible and beneficial.

Wisconsin's debt manager Dave Erdman will make the leap to the private sector when he exits state employment after three decades.

The city's share of American Relief Plan Act funds eased fiscal pressures and provides runway for the city to work on a pension funding fix.