News and Information from Bond Buyer

The muni market produced $586.195 billion of debt issuance in 2025, up 14.1% from the previous record of $513.652 billion in 2024, according to LSEG data.

The sprawling Dallas-Fort Worth metroplex served by three transit agencies could see more regionalization of services in the future.

The rating agency, which also put the bonds on CreditWatch Negative, cited weakening liquidity and aging assets. 

"Unsurprisingly, the market is taking these numbers in stride, with the bond market only slightly higher after a large rally over the last couple of days due to the equity market sell-off," said John Kerschner, global head of securitized products and portfolio manager at Janus Henderson Investors.

The lawsuit contends the city is not complying with a 2024 voter-approved charter amendment requiring increased spending on police.

Bonding should increase in the next few years to address aged state and local infrastructure, Moody's Vice President Dan Seymour said.

A California Department of Water Resources issuance, based on a resolution extending contracts with water agency customers, drew strong demand.

Cases involving bonds for the city's convention center and a light-rail project are pending before the Texas Supreme Court.

The agency's Disaster Recovery Fund has a sufficient balance for the near term but a funding lapse will translate into longer response times to local and state governments, FEMA's associate administrator warned.

Los Angeles County and Contra Costa County supervisors both approved placing sales tax measures on the June ballot to address federal Medicaid cuts.

Currently, munis are largely operating "in their own world" — ignoring rich valuations and upcoming supply, said Kim Olsan, senior fixed income portfolio manager at NewSquare Capital, in a report.

As the industry grapples with the retirements and retrenchment, how does it entice talented younger individuals to enter the space?

After two years of record issuance — and more than two years of rising inflation —

As the municipal market navigates the world of technology and AI,

Water challenges abound across the country. From droughts to flooding,

The Senate voted to disallow Washington D.C.'s attempt to decouple its tax policy from the One Big Beautiful Bill Act, as the city's mayor charts more budget challenges in the near future.

The Indiana House has passed legislation that would eliminate an estimated 164 townships across the state through consolidation.

The statutory watchdog requirement that arrived with Proposition 39 has not delivered on its promise — and the Legislature has authority to try something better.

How do Northeast state and local government leaders see 2026 playing out for their states and localities?

State lawmakers introduced bills to eliminate sales tax exemptions and tax credits for data centers and mandate public disclosure of water and electricity use.