News and Information from Bond Buyer

The non-partisan Public Policy Institute of California released results of an election poll on Thursday.

The PFC bondholders are to get cash and some new appropriation-backed bonds.

The $53 billion Army Corps of Engineers plan is the largest of hundreds of coastal protection projects launched since Superstorm Sandy swamped the area in 2012.

The municipal market was a tale of two halves in fiscal 2022, the report says.

The MSRB will seek comment on Rule G-3 on professional qualifications that would add an exemption for muni advisors having to requalify in instances where their qualification had lapsed.

Increased use of third-party vendors by transportation issuers may be putting those entities at increased risk.

Chittenden Solid Waste District officials say the facility is needed to future-proof its recycling infrastructure. Voters will have the final say on Nov. 8.

Municipal to UST ratios have risen this week with the 10-year approaching 90% and the 30-year topping 100%.

While only 29 city related pension plans in 2021 reported future fail dates for meeting retirement benefits, that number could worsen this year as investment returns tumble.

California has been losing legacy companies, but boosters say it remains an incubator for new technology companies.

The first class includes people who forged seven of the industry's most impactful careers, embodying a mix of municipal professionals from a variety of sectors to represent the myriad ways in which to have an influential career.

The influential financial advisory board has assembled a task force to sharpen terminology.

Outflows continued as investors pulled $3.876 billion from mutual funds in the week ending Oct. 19 after $4.532 billion of outflows the previous week, according to the Investment Company Institute.

The Metropolitan Pier and Exposition Authority will restructure a portion of fiscal 2023 debt service amid tax collections still recovering from the pandemic.

Several California cities have waged a multi-year climate change battle against oil companies

South Carolina-based Jasper Pellets borrowed $12.5 million in private activity bonds in 2018. A deal to settle the firm's Chapter 11 bankruptcy pays the debt.

Vern Buchanan looks poised to succeed Richard Neal as chairman of the powerful Ways and Means Committee should Republicans take the House on Nov. 8 and could offer the muni agenda a fresh start.

American Rescue Plan Act dollars amounted to around 22% of states' annual general fund budgets, according to a court filing from a trio of southern states fighting ARPA's restriction on tax cuts.

While muni performance has turned negative for October, "the asset class is significantly outperforming UST," said Jeff Lipton, managing director of credit research at Oppenheimer Inc.

In a letter to Federal Reserve Chair Jerome Powell, the chair of the Senate Banking Committee warned that the Fed was in danger of going too far in its efforts to tame inflation.