Voters in Santa Fe County N.M. gave approval margins of 60% to three GO bond proposals totaling $38 million at last week's election.
County officials said approval of the bonds will not require an increase in the property tax.
The three-part referendum included $19 million for roads, $10 million for water utility work, and $6 million for parks and trails.
The New Mexico county's $136 million of outstanding GO debt is rated Triple-A by Moody's Investors Service.
Voters in New Mexico approved $140 million of state GO bonds last week, with $120 million of the proceeds allocated to higher education and other schools.
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"The rates market has started to turn from the upper end of the trading range this week," Barclays strategists wrote, but with the war with Iran still driving the market, nothing is certain.
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Changes in federal funding are sharpening the focus on how the states will be responding to disaster relief, running social programs and budget planning.
May 8 -
The defendants include many of the largest municipal bond underwriters.
May 8 -
The deal comes as high-yield muni investors are hungry for paper.
May 8 -
Nearly 21% of muni volume traded electronically in the first quarter, up from the previous quarter and surpassing the previous record set in the fourth quarter of 2023, according to a Coalition Greenwich report by Kevin McPartland and Neha Jain.
May 8 -
New research from The Bond Buyer finds the federal policy environment once again threatens the tax-exempt status for municipal bonds.
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