Riverside Unified School District scrapped plans to develop a STEM center with the local University of California campus amid a critical state audit report.
The initial reaction following the CPI report didn't "move the needle" in the bond market, as the 10-year UST yield was just over 4.5%, said Jay Woods, chief market strategist at Freedom Capital Markets.
Illinois Gov. JB Pritzker proposed changes to address his state's underfunded pensions in his budget proposal. Two made it through the legislature.
Hays County prevailed in its appeal of a district court ruling affecting nearly $440 million of general obligation bonds voters approved in 2024.
On the state P3 front, PennDOT aims to complete a review of a proposed $5 billion toll lane project next year.
Ohio Dominican University became the latest Midwest private religious college to run into financial trouble after it missed a bond payment.
