News and Information from Bond Buyer

It's one of the most controversial uses of tax-exempt debt, but repeated legislative efforts to eliminate it have failed.

St. John's Lutheran Church in Madison is redeveloping its property to build affordable housing blocks from the Capitol in the booming East Washington corridor.

Resident Commissioner Jenniffer González Colón surprised incumbent Gov. Pedro Pierluisi in the New Progressive Party primary for governor.

New-issue volume has topped $50 billion over the past few weeks, said AllianceBernstein in a weekly report.

The saga dating back to last year appears to be concluded with a settlement.

The project will expand the plant's capacity from 75 million gallons per day currently to 100 million gallons to serve a growing population.

Falling occupancy figures, staffing shortages, and rising labor costs have elevated the sector's risk, with Greenwich Investment Management's bankruptcy yet another example of how the sector requires thorough credit analysis.

The lawsuit filed in 2017 points to funding disparities when public school districts turn to local property taxes and bond issuance for capital funding.

Co-authors of a bill to authorize a tax measure seen as crucial to Bay Area transit killed it amid opposition from multiple quarters.

This week's surge in issuance, which tops $14 billion, is "likely going to keep a lid on any enthusiasm," Birch Creek strategists said in a weekly report.

The American Public Transportation Association is looking for $42.5 billion in rail funding.

The WAPA board of directors says it is looking for a replacement who would start on July 1, when Andrew Smith says he will depart.

Recognizing the formidable construction challenges, the White House has created a Nuclear Power Project Management and Delivery working group "to help identify opportunities to proactively mitigate sources of cost and schedule overrun risk."

Source: LSEG

BofA Securities led the underwriting of healthcare issuance in 2023, with $3.3549 billion in total.

Healthcare issuance in 2023 was lower than usual, as many issuers were still using COVID-related federal aid. The largest issuances came from the Massachusetts Development Finance Agency.

Connecticut's GO deal is expected to benefit from its improving fiscal reputation, embodied in two rating outlook revisions to positive ahead of the pricing.

While particpants expect some pressure in the near-term with more than $16 billion on tap, they also say the current yield and ratio levels offer investors opportunity.

Oregon Democrats and Republicans had opposite takes on the possibility the state could be dispersing a kicker credit of $582 million for the 2025-27 biennium.

The first chip in the state's triple-A crown comes ahead of plans to competitively auction $1.2 billion of general obligation bonds next week.