City of Los Angeles, CA

Mayor Eric Garcetti emphasized the city’s robust reserves and plans to issue housing bonds to aid efforts to alleviate homelessness.

The boutique consultancy firm, which focuses largely on transportation infrastructure, is growing "modestly" amid an uptick in federal funding.

The city is pricing $168 million of subordinate wastewater revenue bonds on Tuesday. The system's main plant spilled raw sewage into Santa Monica Bay last year.

The market is being driven by the prospect of higher long-term inflation and the potential that the Federal Reserve may have to raise rates further than expected.

DASNY leads the calendar with $2.3 billion of exempt personal income tax bonds and $662.32 million of taxables. Potential volume is slated to be $5.11 billion, with $4.392 billion of negotiated deals and $718.1 million of competitive loans.

The new-issue calendar is $5.45 billion while 30-day visible supply sits at $11.14 billion. The largest deal of the week comes from the New York City Municipal Water Finance Authority with $793.83 million.

A new report from Merritt Research Services looks at potential post-pandemic problems for big cities that rely on taxes from commercial real estate.

The primary led Thursday's firmer tone while Chicago schools faced 10 to 20 bp penalties compared to price talk, signifying investors are being more selective and demanding more in the new higher-yield range.

It would mark only the third transit P3 in the country and would be under pressure to deliver without the problems that dogged the other two.

Municipals triple-A benchmarks continue the trend of ignoring other markets to start 2022. The new year will likely usher in slower growth and continued inflationary pressures, analysts said.

Fitch Ratings changed the outlook on the city's bonds to stable from negative ahead of the deal.

The Los Angeles Department of Water and Power will share some State Water Project supplies with smaller water agencies in Southern California.

With incumbent Eric Garcetti awaiting confirmation to an ambassadorship, would-be successors are lining up for a two-round election in June and November 2022.

The city council's budget and finance committee approved the increase and now the matter is headed to the full council.

City department heads are being asked to identify projects that would be eligible for federal funding.

ReThinkNYC, battling entrenched transit and real-estate interests in its call for a unified network, cites economic development gains and capital savings.

Ridership displacement, remote work and online shopping amplify pre-pandemic challenges such as large capital plans.

A volatile U.S. Treasury market and month-end positioning are pressuring municipal yield curves.

The short end of the yield curve faced pressure from a cheaper UST five-year. As the flattening trend in UST takes hold, demand for duration will also spill over into the tax-exempt space, with long-dated munis continuing to outperform, analysts say.

Kroll analysts say federal aid helped the city avoid tapping deficit financing to pass a balanced budget.