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For the 30th week in a row, municipal bond funds reported inflows, according to Lipper data released Thursday, as demand for tax-exempts remained high through tax season.

Williston, North Dakota’s sales tax debt took a six-notch downgrade to junk amid continued oil and price declines.

Government

Allies of Puerto Rico Gov. Alexandro García Padilla have turned against an already approved increase in a business-to-business tax and conversion to a value added tax.

The weekly average yield to maturity of The Bond Buyer Municipal Bond Index, which is based on 40 long-term bond prices, rose two basis points to 3.96% from 3.94% in the previous week.

The Michigan House signed off on a $54 billion fiscal 2017 budget that provides more money to deal with Flint’s water contamination crisis and record spending for kindergarten through 12th grade education.

Glenn Straub, owner of Atlantic City’s shuttered Revel Casino Hotel, is planning a new ropes course in the 47-story resort.

Top-shelf municipal bonds finished stronger on Thursday, according to traders, as the last of the week’s new big issues came to market.

Atlanta signed a 20-year lease with Delta Wednesday that keeps the carrier based in the city and paves the way for a $6 billion capital expansion plan at Hartsfield-Jackson Atlanta International Airport.

Dustin McDonald, the current director of the Government Finance Officers Association’s federal liaison center, is leaving GFOA on Friday to lead the marijuana technology company Weedmaps’ government relations practice.

Missouri heads into the market next week with $100 million of its high-grade paper to finance state and public university building projects as lawmakers have wrapped up work on a fiscal 2017 budget with a final vote still looming on a gasoline tax proposal.

Kentucky Gov. Matt Bevin approved the state budget for the next two fiscal years, which cuts agency and education funding to address a portion of the state’s massively underfunded pensions.

The future of pension obligation bonds remains cloudy in California in the wake of the haircuts imposed on their holders in the San Bernardino and Stockton bankruptcies.

In a near unanimous vote, the Senate Environment and Public Works Committee on Thursday passed a bill that includes $1.4 billion in federal funding for Flint, Mich. as well as any other community facing a water crisis.