News and Information from Bond Buyer

Budget Director Annette Guzman left her role Monday, Chicago Mayor Brandon Johnson said, in the latest high-profile finance departure from his administration.

Muni yields are still higher than they were in June, said Patrick Luby of CreditSights, so investors were happy to put redemption money to work

Two hospital deals were among the first to price Monday, including $1.317 billion for Henry Ford Health and $1.118 billion of bonds for Intermountain Health.

But a toll-backed public-private partnership remains possible for the more than $1 billion project.

The city moved to a less-restrictive Stage 2 drought status for water use in another sign after recent rain that a water supply emergency is no longer imminent.

If the referendum passes, it is expected to have major impacts on the finances of local governments in Florida.

Proposals for reforming the Federal Emergency Management Agency are attracting attention from the ratings agencies.

The Texas city will offer $540.55 million of senior lien and $122.45 million of junior lien special tax revenue bonds to investors this week.

Market Intelligence analyst Jeff Lipton says overreliance on financial ratios can obscure forward-looking credit risks, making qualitative factors such as political willingness, management strategy, cyber-threat preparedness, legal security and economic and policy change essential to muni decision-making.

Positive developments in Iran have munis looking stronger, said Tim Iltz of H.J. Sims, but if the headlines turn negative, it could hurt markets in a week with high volume.

"The upgrade also reflects the city's continued financial strength that has extended for decades and been preserved even during recessionary periods via prudent budget management," analysts said. 

As Virginia prepares for a key primary election on Tuesday, the controversy over tax exemptions and data center proliferation is spurring alerts from law firms.

Brightline Florida now has until Friday to make the payments, negotiate another extension, or restructure its $5.5 billion of debt.

Two muni veterans are joining PNC's public finance team.

Fitch Ratings raised the outlook on two series of sales tax revenue bonds structured as a TIFIA loan.

The continuing resolution would also kick the debate over the next surface transportation bill to the lame duck session.

The Chicago Board of Education passed an amended fiscal year 2027 budget Thursday that assumes $150 million in additional funding from the state.

Issuance was $44.928 billion in 694 deals, down 19.8% year-over-year from $56.055 billion across 860 transactions.

More than 30 municipal water systems in Minnesota — and more in other states — were hit by a coordinated cyberattack last week that spurred an FBI alert.

Although the proposal ultimately didn't become law, that disconnect created an attractive entry point for investors because prices reflected tax policy fears — not deteriorating municipal credit.