News and Information from Bond Buyer

Healthy coffers, revenue growth, and strong market technicals led to declining need for short-term borrowing among municipalities last year.

The transportation bond sector may see the greatest growth in 2023 as a result of the infrastructure act, one analyst said.

"This peculiar shape of the muni yield curve has created a conundrum for investors, as all high-quality municipal bonds, with the possible exception of the long end, have become quite rich," Barclays strategists said.

Low income residents of Puerto Rico won't be charged the proposed monthly fees the Oversight Board said.

The new law gives the governor the power to appoint the Disney district's board members and renames it the Central Florida Tourism Oversight District.

A lawsuit seeking $389 million filed by a representative of junior lenders is the latest financial headache for the mall developer Triple Five.

Plaintiffs who challenged the legislation plan to ask the Illinois Supreme Court to hear the case. Meanwhile, the consolidation process has moved forward and the majority of funds have transferred their assets.

An initial toll corridor would require $8.5 billion in upgrades, which would be financed by a new bond credit under a plan under consideration by Michigan lawmakers.

The rainy-day fund is currently at $904 million, but Gov. Joseph Lombardo's budget targets $1.6 billion in reserve by the end of the biennium.

"The large taxable refunding or combined transactions were accomplished earlier in the year when rates were relatively low," says John Hallacy.

Michael Ballinger, Publisher, The Bond Buyer; Kevin Murphy, Partner, Hawkins Delafield & Wood LLP; Tim Sullivan, Managing Director, UBS Financial Services Inc

Treasurer Goldberg will be introduced by Tim Sullivan, Managing Director, Head of New England Region and Housing Finance at UBS Wealth Management Americas.

Join our panel of top industry leaders as they discuss their expectations on regulatory developments, market performance, bond issuances, credit conditions, and potential challenges and opportunities for the year ahead.

The discussion will center around the current credit conditions and what challenges and expectations are for 2023.

Topics will include: market conditions and expectations, issuance projections, evolving investor base, credit conditions, growing focus on ESG factors and more.

Jonathan Ballan, Partner, Harris Beach PLLC; Elizabeth Fine, Counsel to the Governor, New York State Executive Chamber; RuthAnne Visnauskas, Commissioner and CEO, New York State Homes and Community Renewal

As statistics continuously show that a diverse workforce has better outcomes, the discussion will center on what has been done thus far and what else needs to be done to diversify the workforce in the muni sector.

Electronic trading and AI are expected to play a more prominent role in the muni market in the next five years and beyond. The municipal market is ripe for growth in these areas and our panelists will discuss how participants can integrate technology to help create a more efficient marketplace.

In light of the inflationary pressures and continuous shortage of skilled workers, how have governments and localities fared when it comes to updating, finishing, and starting new infrastructure projects?

As demand for and pushback against ESG grows in the municipal space, participants will discuss the risks and opportunities surrounding ESG for both investors and issuers.