Regional News

Puerto Rico Gov. Jenniffer González Colón filed suit to end the island's contract with LUMA Energy for electrical transmission and distribution.

This is the first upgrade of bonds supported by assets currently or formerly in the Puerto Rico government's hands since the passage of PROMESA in 2016.

Fortress Investment Group bought the property in 2021 after it was largely destroyed by Hurricanes Irma and Maria and financed a major renovation that featured reinforcement standards designed to protect against a category 5 hurricane.

The utility responded that it is not eligible to declare bankruptcy.

A vote Wednesday by Chicago's city council would speed up budget hearings and signals that a majority of alders may go their own way on the budget.

Omaha Public Power District will go to market the week of Jan. 5 with about $164 million of Series 2026A separate electric system revenue refunding bonds.

The Project Tundra carbon capture project – a public-private partnership involving a 2,500-mile pipeline through parts of the Midwest – suffered a setback.

As South Dakota becomes the latest Midwest state to consider property tax reform, some officials are scrutinizing school districts more closely.

Both Janney and Huntington are among the top 30 underwriters in the muni market and are neck in neck.

The state comptroller's office purchased about $5 million of shares in a bitcoin exchange traded fund last month for a newly created strategic reserve.

Investors are about to get a chance to buy bitcoin-backed municipal bonds. It won't be the last, according to the team behind the New Hampshire-based deal.

A New York state board advanced three proposals to build casinos in New York City, two in Queens and one in the Bronx.

The well-regarded pediatric hospital system is not alone in facing downgrades amid the myriad challenges healthcare has experienced in recent years.

Pasadena and the Rose Bowl Operating Co. are suing UCLA, saying plans to relocate football games to SoFi stadium could jeopardize $130 million in revenue bonds.

The nonprofit Oroville Hospital filed for Chapter 11 bankruptcy after failing to sell itself or secure an affiliation with a larger hospital system

The changing climate is increasing insurance rates for residents and cities and lowering property values in areas that face more frequent and intense disasters.

The bonds are to be used for a variety of projects aimed at recovering from multiple natural disasters that struck Lake Charles in 2020 and 2021.

The changing climate is increasing insurance rates for residents and cities and lowering property values in areas that face more frequent and intense disasters.

While the plan of reorganization says bondholders will get 100% of principal, it won't be for 12 years. And they will lose some interest.

C. Christopher Trower was the lead attorney before the Supreme Court in a case that upheld states' rights to preferential tax treatment of their own bonds.

A review Moody's launched in September ended with rating downgrades and negative outlooks for the city's outstanding general obligation and revenue bonds.

AllianceBernstein hired four municipal credit special situations analysts based in its Dallas office.

A 2025 state law prohibits cities from increasing their property tax revenue if they fail to produce a timely annual financial audit.

The state comptroller's office purchased about $5 million of shares in a bitcoin exchange traded fund last month for a newly created strategic reserve.