Miami-Dade County

Fitch also affirmed the A rating on $800.3 million of senior lien seaport revenue bonds Miami-Dade County issued on behalf of its seaport department.

The county plans to expand the existing Metromover to create a transit corridor that will connect the cities of Miami and Miami Beach without riders having to transfer.

Modeled after New York City's Hudson Yards, the plans call for a high-density urban district with a transit terminal and at least 35% affordable housing.

It was a busy day in the primary Tuesday, with New York City pricing $950 million of GOs for retail and Miami-Dade County, Florida, and Mecklenburg County, North Carolina, selling in the competitive market.

Funding transit infrastructure is one of the county's key initiatives and also reinforces its policy to reduce carbon emissions, increase mobility equity and promote transit-oriented development, says Fitch's Michael Rinaldi.

Mayor Daniella Levine Cava said her proposed $9.3 billion fiscal 2022-2023 budget, with the tax cut, safeguards the county's fiscal stability and maintains critical services.

Munis have been steady to firmer in spots over the past few trading sessions as fundamentals have taken over. Triple-A 30-year munis dipped below 3% Tuesday, the first time since early June.

Investors will see almost $11.5 billion of volume head their way in the largest new-issue week of the year. More participants expect municipals to improve in the second half of 2022.

Changing federal policies toward hurricane aid may change these events' credit impacts.

Hosting a World Cup game brings a variety of economic benefits to cities and counties, from increased spending by fans and tourists from around the world to burnishing a region's reputation.