Northeast

Almost $25 million of bond funds provided for school technology and security enhancements to state school districts this year from the 2014 Act.

While the report offers many positives for states, headwinds loom, according to investment management firm Conning.

Laura Rabinow of the Rockefeller Institute of Government talks with Chip Barnett about New York State’s $4.2 billion environmental bond referendum. Find out how the Clean Water, Clean Air and Green Jobs Environmental Bond Act of 2022 got on November's ballot and what it will actually do. (20 minutes)

California has received the most, at $9.7 billion, followed by New York. Transportation is the top spending category nationally followed by climate, energy and environment.

Last year the university's investment portfolio grew by 47%, a factor contributing to the university's triple-A ratings.

Despite compelling yields and ratios, buyers continue to be selective. Even if rates stabilize, municipal investors will likely be cautious for some time, waiting for fund outflows to abate, strategists said.

Fitch Ratings revised its outlook on the city's AA-minus rating to positive ahead of a $1.08 billion general obligation bond sale.

The Louisiana House passed a bill to limit firms that "discriminate" against the firearms industry from government business. A similar bill was vetoed last year.

Mayor Jorge Elorza said the reworked bond proposal was better than the larger one put before the state Legislature last year.

Despite the pandemic, operating revenues increased 7.6% from 2019 to 2020 and 8.25% from 2020 to 2021.