News and Information from Bond Buyer

A full review of the deal pushes its consideration by the Texas Bond Review Board into January.

A Federal appellate court has issued two opinions in the cases of Ohio and Kentucky and Tennessee, and in the latter, agreed the offset provision is unconstitutional.

Incoming Gov. Wes Moore's political support for Hogan's signature project is uncertain.

Property owners in the path of a $5 billion highway extension and the Oklahoma Turnpike Authority are fighting over whether state statutes allow for the issuance of bonds for the project.

Fitch and S&P downgraded the city as it grapples with rising costs, limited revenue prospects and a looming pension funding spike.

All award winners will be honored at a ceremony at Guastavino's in New York City on Dec. 6 and are also finalists for the national Deal of the Year award, which will be announced at the close of the gala.

The financially distressed utility has less than two weeks to find a substitute supplier of 80% of its fuel.

Issuance shrinks to $722 million while Bond Buyer 30-day visible supply sits at little more than $7 billion.

The agreement has the potential to ease pressure on $1.7 billion of separate tax-exempt bond debt taken on to finance the massive mall and entertainment venue.

More than two years after COVID derailed three JFK Airport's high-profile terminal deals, the final project is now on track for groundbreaking early next year.

A combination of federal funding and rising tax collections has filled the coffers.

"We continue to see very strong job numbers. Florida is in as good of a position as we could possibly be," said Jimmy Heckman of the state Department of Economic Opportunity.

Nathaniel Singer, who has nearly four decades of experience in municipal derivatives and advisory space, has joined PFM.

New Jersey has overtaken Los Angeles as the busiest port in the U.S. The port attributed the decline to labor negotiations and retailers placing holiday orders this summer to avoid the potential for supply chain issues.

Chicago's Sales Tax Securitization Corp. will sell $150 million of social bonds next month in the city's first ESG-labeled deal.

Puerto Rico Gov. Pedro Pierluisi told lawmakers he would not support a PREPA debt settlement that would cause "extraordinary increases in the cost of electricity."

Municipals improved again Thursday, pushing the 10-year yield firmly below 3%, while Refinitiv Lipper reported $604.704 million of inflows into municipal bond mutual funds for the week ending Wednesday.

The deal has until the end of Friday to clear the Texas Bond Review Board, whose members had no questions about the transaction when it was presented at a Thursday meeting.

Robert Mujica Jr.'s experience with New York State debt makes him a good choice, according to an observer.

Major cities are generally doing well despite economic volatility.