Brightline West bondholders agreed to give Brightline more time to secure a $400 million equity contribution that was originally due on March 31.
Law firms, think tanks and advocacy groups are digesting the ROAD to Housing bill and offering strategies to municipalities about how to maximize the public finance benefits.
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.
