Financing for a nearly $500 million long-term investment plan would include as much as $250 million of revenue bonds that could be sold next year.
Like state governments, most cities and counties remain on "solid footing" given high reserve levels and conservative budgeting, BofA strategists said.
A report by Ceres found climate risk — and climate resilience — disclosure uneven after a review of offering documents from 60 recent municipal bond sales.
Munis are beginning to see headwinds and mixed technicals as a strong summer winds down, according to Municipal Market Analytics' Kevin McGuigan.
The ratings agency cited strong financial metrics and affordable utility rates.
The draft RBP "updates and augments" an RBP on LSTs released in 2000, the NFMA said.
