Northeast

KBRA upgraded the long-term rating on the state's special tax obligation transportation infrastructure purposes bonds to AAA with stable outlook from AA-plus ahead of the deal, slated for the week of Oct. 16.

Peter Lam has served as bond counsel to state and local issuers for public and privately placed bond issuances.

The minor league venue in the Massachusetts city didn't generate enough revenue in its first two seasons to pay for all of the debt service.

Mesirow's public finance group will collaborate with the firm's institutional sales and trading team to offer clients defeasance and cash-flow management for their portfolios.

It's the bank's eighth issuance of its climate-certified one-year notes. Buy-in starts at $100.

"That puts us well on our way to hitting our ambitious goal of $25 billion awarded to MWBEs by 2026," said New York City Mayor Eric Adams.

"We were pleased to achieve such strong results, especially in light of the recent volatile market conditions," said Philadelphia Treasurer Jacqueline Dunn.

September's total volume ticked up 1.2% to $27.585 billion in 531 issues from $27.251 billion in 592 issues a year earlier. However, the month's total is lower than the $30.652 billion 10-year average, according to Refinitiv data.

Ed Koch, the late mayor of New York, used to ask residents "How am I doin' ?" The Citizens Budget Commission plans to do that this fall with a survey.

Following multiple revisions and debate that stretched into the new fiscal year, the Massachusetts House of Representatives passed the tax relief package.