News and Information from Bond Buyer

After Gov. JB Pritzker released his BUILD plan to lower housing costs, the Illinois Municipal League unveiled its proposal: the REAL Housing Act.

The Michigan Strategic Fund board approved a plan to issue $150 million in private activity bonds for developer Bedrock's Detroit development projects.

The muni market digested Tuesday's heavy supply in the way analysts expected, H.J. Sims analyst Tim Iltz said.

McKinney, Texas, is fighting a challenge to a refunding of sales tax-backed bonds sold for a commercial airline service project at its general aviation airport.

"Regulatory change in this area is needed without further delay," SIFMA said in a letter.

The drought-stricken Texas city's utility system rating was cut two notches to A, marking a continued downward trend in its credit quality.

Muni advocates are actively working on championing a bill that would address a wish list of provisions designed to boost bond sales.

PFM sees the expansion as a way to strengthen its position.

Months after the state cracked down on cities' tardy annual financial audits, adherence to a statutory filing deadline is improving with fiscal 2025 reports.

SWBC's Chris Brigati said he doesn't expect the geopolitical tensions to cause similar losses to muni yields unless oil prices or Treasury yields move significantly higher.

The ratings agency cited the school's compressed operating margins in recent years.

Allen Hoppe, the director of banking, investments and debt for the city of Minneapolis, retired on Friday after a long career in public finance.

The biggest-ever bond referendum in Texas was passed Saturday for Dallas schools, while voters in only one city chose to leave Dallas Area Rapid Transit.

With continued geopolitical tensions and surging oil prices, things could change on a dime, said Sweta Singh, founding partner and portfolio manager at City Different Investments.

Larry Rolapp helped grow Fieldman, Rolapp into a mainstay of California's municipal bond industry.

Doubts are emerging on Capitol Hill about when a surface transportation reauthorization may arrive and what effect, if any, it will have on the beleaguered Highway Trust Fund.

In addition to building a new patient tower dedicated to cancer care, the bonds will refund nearly all of Dana-Farber's outstanding debt.

Munis were quiet on Friday after an eventful April.

Brightline Florida's financial statements for 2024 and 2025 by Ernst & Young LLP, filed Thursday on the Electronic Municipal Market Access website, warn that the company lacks the cash to cover pending debt payments