News and Information from Bond Buyer

The MTA's biggest-ever capital plan focuses mostly on upkeep for the system. But it's more than $33 billion short of funding for the five-year program.

Municipal triple-A yield curves closed out the week with few changes, valuations were little changed, but at attractive levels, and the forward calendar climbs to more than $10 billion to open the fourth quarter.

Minneapolis will sell $123.6 million of Series 2024 general obligation bonds via competitive sale on Tuesday, buoyed by triple-A bond ratings.

Florida's catastrophe fund will weather the storm and shouldn't need reinforcements yet. Two Florida-related sales are still expected next week.

States and tax experts are wrestling with post-SALT scenarios.

Ramirez & Co. continues growth plans with the addition of bankers in Texas, Florida and New York.

"Our issues seem complicated, but have the simple end goals of saving tax dollars, investing in infrastructure and creating jobs," retiring Rep. Dutch Ruppersberger, founder of the House Municipal Finance Caucus, told a public finance crowd Thursday.

The Chicago Board of Education adopted a nonbinding resolution declaring a moratorium on school closures during a heated public meeting on Thursday.

California hospitals will be forced to close if they don't complete earthquake safety upgrades by 2030. Gov. Gavin Newsom vetoed a bill to extend the deadline.

The commission also made changes to planned Louisiana State gas and fuel tax bonds of up to $1 billion

High-yield muni issuance totals $20 billion year-to-date, "reflecting normalization from relatively depressed levels in 2023 ($7.6 billion over the comparable period), and now virtually equal to the trailing five-year average for the period ($20.1 billion)," said J.P. Morgan strategists, led by Peter DeGroot.

Mayor Eric Adams was indicted on federal bribery, campaign finance and conspiracy charges, the U.S. Attorney's Office announced Thursday.

The privately placed taxable bonds to be issued through Bernalillo County will help finance a manufacturing facility for Ebon Solar.

"The market is strong right now, and we expect that to continue into next year," Loop's head of public finance Bo Daniels said.

The continuing resolution to keep the government funded was passed without the inclusion of controversial legislation requiring proof of citizenship in order to vote.

Daniels assumes the role at a pivotal time for the regulator, which in the next year will see the launch of a new EMMA system, and implement its first new budget since 2023.

California State Controller Malia Cohen was asked to form a task force to draft best practices for the state's charter schools after 11 San Diego charter schools became embroiled in a fraud case.

State income tax collections were off last year and some analysts are watching to see how planned tax cuts will affect the triple-A state's revenues.

Dan Callahan joined UMB Bank as a senior vice president and public finance banker.

The Investment Company Institute reported $1.329 billion of inflows into municipal bond mutual funds for the week ending Sept. 18 after $1.402 billion of inflows the week prior. Exchange-traded funds saw $55 million of inflows after $1.048 billion of inflows the previous week.