News and Information from Bond Buyer

The states intend to come to market with $600 million and $1 billion, respectively, bringing state GO credits in an improving credit environment that has held yields down.

The chief opponent of the measure is the Arizona Board of Regents that governs the state’s three public universities.

The $8.5 billion on the ballots included $6.5 billion for schools, $1.6 billion for cities, $319 million for counties and $139 million for community colleges.

Rates, ratios and credit spreads have munis entering May on solid footing, though some pressures due to tax season and rising U.S. Treasuries remain.

With federal aid rolling out, the municipal credit picture is improving and issuers are coming to market at a faster clip. An infrastructure package could push issuance levels even higher.

The North Texas Tollway Authority will sell a mix of taxable first-tier and tax-exempt second-tier bonds in the refunding transaction.

Passage of the bill Thursday authorizes programs to receive funding, though money would still need to be appropriated through an appropriations process or a comprehensive infrastructure bill.

Federal and state aid camouflage danger around the corner, fiscal watchdogs and others insist.

Refinitiv Lipper reported another week of inflows at $1.64 billion, with $630 million headed into to high-yield. Benchmark yields rose as much as four basis points following weaker U.S. Treasuries, resistance to ultra-low yields.

Northwest Community became the second independent hospital to affiliate with the Evanston, Ill.-based NorthShore Health system over the past year.

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Fitch also affirmed the authority's $1.8 billion of senior lien bonds at AA-minus and $968 million of subordinate lien bonds at A-plus.

Public finance groups hope that the Biden administration will show the same support for tax-exempt bonds that House Democrats do.

SEC Chair Gary Gensler's pick for enforcement director resigned just days after being announced.

Stronger-than-expected state revenues and other borrowing options meant the California School Finance Authority's note program didn't use its full authorization.

Congestion pricing, a Manhattan Greenway, open-streets programs and a plethora of other uses are all at play as city officials plan a recovery from COVID-19 and a full reopening of the city by July 1.

Judge Laura Taylor Swain says they can be dealt with in the process of confirming the central government plan of adjustment.

Income tax payments and improving revenue collections have helped bring the state's bill backlog down to $3.5 billion.

The municipal market largely ignored the FOMC news that it would hold rates steady. New Jersey was 20 times oversubscribed and ICI reported $2.5 billion of inflows into long-term municipal bond mutual funds.

A deep dive into how President Biden's plans will affect infrastructure spending, ESG, tax-exempt munis and the municipal bond market at large.