News and Information from Bond Buyer

As the economy normalizes, state revenues are shrinking

The first of its kind for the group, the National Federation of Municipal Analysts has released a final 10-section recommended best practice detailing the various elements that go into State Revolving Fund disclosure.

The merger, which takes effect Jan. 1, will combine the firms' public finance practices, which have a current headcount of 29 attorneys.

Americans are not benefitting enough from federal infrastructure investment, said Judge Glock of the Manhattan Institute.

The Louisiana native looks back on five years with the board, including two years as chair and one as vice chair.

The developer of a moribund mall in Cape Girardeau is the latest to receive bond-financed support from a local government for some of the costs of its project.

"The sheer magnitude" of this redevelopment project presented a challenge, but it stands a chance of succeeding where previous efforts have fallen short, Clay County Commissioner Scott Wagner said.

Demand for munis looks "fairly stable" for now, particularly after the 10- to 25-basis-point rally ended in the 30 days before the Federal Reserve cut rates last week, Municipal Market Analytics, Inc. said, noting the "bull-steepening adjustment" looks like the 30-day move before the beginning of the Fed's last cutting cycle, at the end of July 2019.

This collaboration allows users with a DPC Data subscription to access content directly within BondWave's Effi, providing Effi users with more information for all municipal bond positions in their portfolio.

S&P Global Ratings placed more than 400 state and local government issuers under criteria observation as the agency adopts an updated rating methodology.

The trade group alliance is lobbying for the restoration of advance refunding and other legislative changes.

An outlook revision to positive for the state's Aa2 general obligation rating comes as a methodology update led to downgrades for certain revenue bonds.

They new hires will serve various functions in different regions of the country.

Water agencies in Texas, Oklahoma, and Denver are selling a combined nearly $2 billion of triple-A-rated bonds this week.

NYPA's green designation and two credit upgrades are drawing lots of attention in a crowded market.

With the Municipal Securities Rulemaking Board's new amendments to Rule G-27 and the future of the tax-exempt status afforded to municipal bonds in the balance, there are many noteworthy policy developments.

Several factors make the current market "an attractive entry point" into the muni market, AllianceBernstein strategists said. For one, municipal valuations are cheap to fair value relative to U.S. Treasuries, partially due to the surge of supply in 2024.

The Los Angeles Unified School District bonds carry a sustainability label with a third party opinion from Kestrel.

The study also projected a $1.475 trillion loss to productive infrastructure by 2050.

The bills have a slim chance of advancing in the Senate, but offer a glimpse of Republican goals if they gain power in the November election.