News and Information from Bond Buyer

Kathryn Garcia was tapped to lead the Port Authority of New York and New Jersey as it embarks on an ambitious capital plan. 

Dallas and police and fire pension officials approved a funding agreement that ends litigation filed by the retirement system last year.

"We are excited to welcome these eight outstanding lawyers to our partnership," Bracewell Managing Partner Gregory M. Bopp said.

Software as a service platform Adaje has acquired bond structuring software provider Munex and hired 25-year muni veteran Jon Sidman as its chief product officer.

Democratic Sens. Chris Van Hollen from Maryland and John Fetterman from Pennsylvania are reintroducing a bill to aid the public transit sector, a funding reduction target under Trump's administration.

Property taxation is being targeted in a growing movement across the nation for cuts or elimination to address homeowner angst over rising tax bills.

With large language models parsing EMMA filings and investor relations sites, municipal issuers must modernize their disclosure so both humans and algorithms can accurately understand their credit story and avoid unintended red flags.

Next year, the "muni market could see stable to improving returns depending on yield curve positioning, with better performance possible at the long end of the curve," said Jonathan Rocafort, managing director and head of fixed income solutions at Parametric.

The state paused recently approved transportation taxes after a Republican-led campaign to reverse them delivered signatures for a ballot measure.

Sage Memorial Hospital's $80 million financing brings a new model to tribal health care. The unrated, tax-exempt bonds recapitalized construction of a replacement hospital, an expanded outpatient clinic, and badly needed workforce housing serving the Navajo community in Ganado, Arizona.

Alaska Railroad Corporation's Cruise Port Revenue Bonds financed a new passenger terminal and dock at the Port of Seward — critical infrastructure for one of the world's top cruise markets.

The Virginia Port Authority executed a landmark financing to reshape control of the Virginia International Gateway terminal.

Columbus Regional Airport Authority returned to market with a $1.207 billion airport-revenue financing to launch a $2 billion capital program at John Glenn Columbus International.

Dallas Fort Worth International Airport advanced a massive capital plan with a nearly $2 billion refunding and improvement financing that reshaped how airports use the market.

New York set a precedent with a $944 million bond deal that prepaid three decades of electricity for the Power Authority.

The State of Wisconsin's 2025 refinancing set a new standard for municipal tenders. Instead of a fixed price, the state executed the first fixed-spread tender for tax-exempt bonds, anchoring pricing to the AAA BVAL curve.

New York Transportation Development Corporation's green bond financing for JFK's new Terminal 6 proves that big aviation projects can be built with climate goals at the center.

Kerrville Public Utility Board Public Facility Corporation entered the public markets with its inaugural bond sale to deliver a new peaking power plant for the Texas Hill Country.

Georgia's SR 400 Express Lanes financing shows how public and private partners can solve a regional mobility challenge at scale.

Brightline's $3.2 billion recapitalization marked a watershed moment in U.S. infrastructure finance.