News and Information from Bond Buyer

Although the strike shouldn't "have significant adverse revenue consequences for Michigan or its local governments, it nevertheless highlights longer-term challenges for a state that is still disproportionately exposed to the domestic auto and auto parts industries," Moody's says.

Fund flows "should be moving along a more positive trajectory, but they have yet to do so with munis unable to break free of the Treasury market's tight grip," Oppenheimer's Jeff Lipton said.

Moody's also affirmed the A3 rating on the MTA's $20.6 billion of transportation revenue bonds.

As the Disaster Relief Fund runs dry, FEMA asks Congress for appropriation renewal.

Jena Watson, who has nearly 30 years of experience, moved over from HomeBank.

The state managed to grow revenues above forecast for the first two months of the fiscal year despite the delayed tax filing deadline.

School districts and local governments may only hold bond elections once a year now, in November. They also face new state-imposed revenue limits.

Gov. Brian Kemp signed an executive order to suspend state taxes on gas and diesel as fuel costs remain stubbornly high nationwide.

With a light new-issue calendar ahead of the FOMC meeting, "secondary flows may benefit from greater attention," said Kim Olsan, senior vice president at FHN Financial.

Gov. Gavin Newsom, speaking at Climate Week NYC, said he'll sign bills requiring companies to increase reporting on greenhouse emissions and climate risks.

The GOP stopgap funding measure may only kick the can down the road for a month, but how this bill passes will have implications for how Congress feels about additional spending measures.

A constitutional amendment on the Nov. 7 ballot would deposit $1 billion in a Texas Water Fund with at least 25% earmarked to increase the drought-prone state's water supply.

With the Federal Open Market Committee expected to skip an interest rate hike, all eyes turn to the Summary of Economic Projections and Chair Powell's remarks.

Chat with Chicago Mayor Brandon Johnson, moderated by Chicago CFO, Jill Jaworski about the infrastructure side, but the human infrastructure side and some of the things that we can be thinking about in the future as to how we bring those two things together.

We will look to understand where things are with P3s in the US and what the impediments are to having more of this type of an arrangement in infrastructure projects around the country.

During this discussion, we will hear from the issuer side as well as from the buy-side on what more needs to be done to get the muni marketplace in alignment with everyone's expectations on ESG-related matters.

As the stimulus money dries up, the ridership levels remain the same, and the pressure to "green" the fleets intensifies, the public transit systems throughout the country are forced to look for immediate ways to meet their operational and infrastructure challenges.

In light of considerable water shortages in various parts of the country to which lead pipe situation added a significant burden in certain states and municipalities, the search for cost-effective solutions to ensure regular supply of clean water is helping spur innovative financing ideas for dealing with the water challenge. 

During this discussion we will examine latest developments with the IIJA and IRA, including Greenhouse Gas Reduction fund. 

After a volatile 2022 and lowest issuance year in decades, the industry will come together in Chicago, to discuss market conditions, still low issuance levels  and issuer credit in 2023.