News and Information from Bond Buyer

Issuance this year is "well on its way" to $450 billion, mostly from the tax-exempt supply of new money projects, said Matt Fabian, a partner at Municipal Market Analytics.

The city and its Austin Transit partnership are seeking court validation for bonds to help finance the multi-billion-dollar project.

A coalition of metropolitan planning organizations and transportation officials along the Interstate-4 corridor approved a resolution supporting further development.

Columbus' technology modernization push has embedded artificial intelligence functionality into its payroll, revenue and accounting and operations systems.

Investors may want to consider non-disclosure of climate hazards as a symbol of non-resilient projects and limited planning.

The legislature addressed the cost of a $329 million property tax refund in the state's largest county as well as passed a fiscal 2025 budget.

Despite some slight weakness Monday, munis continued an "impressive start to June," with yields falling 10 to 13 basis points last week, Birch Creek strategists said.

The City of Angels is the latest in recent days to score a ratings upgrade as Fitch reviews its local government ratings using amended criteria.

According to the board, the addition is an important means to enhance market transparency and is in line with its FY24 priority to expand the EMMA platform.

The Philadelphia Fed president said there can be as few as no cuts or as many as two this year, but if his projections are accurate, one decrease would be appropriate this year.

Laura Allen, former president of the Government Finance Officers Association, hands the baton off to Tanya Garost at a time when the group is taking new steps to recruit and engage with its members.

The county hopes one-time revenues will help it "live to fight another day" as it awaits a state-assisted financial plan.

The new-issue calendar is led by the New York Transportation Development Corp. with $1.5 billion of green AMT special facilities revenue bonds for the John F. Kennedy International Airport New Terminal One project,

Ten other pension obligation bonds are under review by Fitch Ratings as a result of the agency's new local government criteria.

House Transportation and Infrastructure Committee lawmakers urged new bills and new ways for transit authorities to deal with the post-COVID dynamics.

Louis English joined Janney Montgomery Scott as managing director and head of municipal sales in the fixed-income division, based out of the Chicago office.

A new Professional Sports Development Area just passed by the City-County Council will be going before the Metropolitan Development Commission on June 26.

The one-notch upgrade from Fitch Ratings comes as the county plans to to sell up to $900 million in two lease revenue bond deals this summer.

Observers and participants said the ruling sends a message that the municipal revenue bond pledge is strong and the Oversight Board's plan of adjustment for PREPA as it currently is proposed is unlikely to be able to stand.

"Even after this week's rally, absolute yields look attractive in the context of the trading range over the past three years, May's underperformance versus taxable fixed-income, and our longer-term projections for lower rates this year," J.P. Morgan strategists said.