Regional News

Bond parties say the board's failure to settle the PREPA bankruptcy has contributed to the system's unreliability.

The effects could hit island economies, like those of Puerto Rico and the U.S. Virgin Islands, whose bonds are speculative grade partly because of fiscal concerns.

At issue is whether PREPA bondholders may get a portion of the roughly $575 million available for unsecured claims against Puerto Rico's government

KBRA said the negative outlook reflects declining coverage of maximum annual debt service coverage from both a lower tax rate and declining rum sales.

Ohio's governor is critical of a legislative plan to support a Cleveland Browns stadium in suburban Brook Park with $600 million of state bonds.

The law Indiana Gov. Mike Braun signed earlier this month will make it harder for local governments and school districts to issue bonds.

The bond trustee filed notice of a settlement that would extend the maturity of the Industrial Development Authority of Platte County Zona Rosa bonds 30 years.

The Democratic states sued a day after schools were required to certify the elimination of DEI programs or risk losing federal funding.

The $500 million deal was delayed after the tariff announcement rocked the markets. It has priced, but offering documents include new trade war disclosures.

New Britain is reaping a rating reward from higher revenues and stronger budgetary practices, including full actuarial funding of its pensions.

S&P revised the outlook for the Maryland Transportation Authority's outstanding revenue bonds to negative from stable due to the timing of the federal funding needed to rebuild the Francis Scott Key Bridge that was damaged by a cargo freighter in March 2024.

The Democratic states sued a day after schools were required to certify the elimination of DEI programs or risk losing federal funding.

Long Beach has few, if any, peer credits for the $88 million of marina revenue refunding bonds it plans to price next week.

The bill would create a not-for-profit corporation modeled after California's IBank, but with more flexibility to handle large-scale projects, backers say.

Washington lawmakers delivered a balanced budget after tweaking program cuts and tax increase plans multiple times.

The Democratic states sued a day after schools were required to certify the elimination of DEI programs or risk losing federal funding.

State officials say the long-term infrastructure service contracts Sustainability Partners signs with municipalites should be legally treated as long-term debt.

S&P noted volume growth and solid operating margins at the large Florida-based healthcare system.

The coming fiscal year will have more than 10 times the state bonding as the current fiscal year.

The state hopes bonds and associated incentives will help to address a state-wide housing shortage.

Fiscal 2026 general fund revenue for the city, which is considering a November bond election, is expected to be flat amid economic uncertainty fueled by tariffs.

State lawmakers gave final approval to a bill that bans state and local government contracts with companies that "discriminate" against the firearm industry.

The $350 million revenue bond issue will refund bonds sold in 2015 and finance improvements to the airline's primary maintenance facility in Tulsa, Oklahoma.

Bills have been introduced to eliminate the May election option for local bond and tax propositions, forcing them onto the November general election ballot.