News and Information from Bond Buyer

Personal income tax revenues rely upon taxpayers continuing to be taxpayers and remaining residents of New York, especially high-income earners.

Investors will see almost $11.5 billion of volume head their way in the largest new-issue week of the year. More participants expect municipals to improve in the second half of 2022.

Following the Supreme Court ruling in Carson v. Makin, states with bans on using bond proceeds for religious purposes may be forced to amend such laws.

Transportation Secretary Pete Buttigieg announced $1 billion in federal grants to 85 airports, including LAX.

Proceeds of the taxable business-tax backed special obligation revenue bonds will pay down federal debt the state accrued during the COVID-19 pandemic for unemployment insurance costs.

New York Fed president calls Puerto Rico's recovery from the COVID-19 slump "astounding."

The county is working with PNC Bank to set up a line of credit that could provide up to $300 million of short-term loans to local suburban Chicago taxing bodies.

"It seems that munis are on the outside looking in, but we are hopeful," said Brett Bolton, Vice President and Head of Government and Industry Relations at Bond Dealers of America.

After 40 years in the municipal bond industry — 35 of them at American Century — Steve Permut left the California-based mutual fund firm on June 30 for retirement.

The three public finance professionals added to BondLink’s issuer relations team are part of the company’s ongoing initiative to help its network navigate a turbulent market.

Despite rising U.S. Treasuries, municipals are making gains and are in the black to start July.

The investors conference allows city officials to pitch investors on its pandemic recovery and future fiscal prospects while investors get the chance to scrutinize those efforts and pose their own questions.

Many Puerto Rico legislators want the governor to cut PREPA's debt by 75% before they will support his spending measure.

The MSRB’s proposed changes to its fee structure fails to address the discrepancy between fees generated from dealers and municipal advisors in addition to a lack of transparency in its budgeting process.

More frequent and extreme rainfall can produce amounts of stormwater runoff the city’s infrastructure was never designed to capture.

Phil Washington would bring an issuer's perspective to the top FAA spot.

Lawmakers approved the first $500 million for the program as a trailer bill to the fiscal 2023 budget. Bonds may be used to fill the gap.

Fitch Ratings said the upgrade reflects the city's improved operating performance due to a robust tax revenue rebound and management's proactive budgetary actions.

The Investment Company Institute reported investors pulled $1.372 billion from muni bond mutual funds in the week ending June 29.

The budget package awaiting Gov. Gretchen Whitmer's signature leaves billions on the table, for now, with contentious negotiations looming over the shape of tax relief.