News and Information from Bond Buyer

New York set a precedent with a $944 million bond deal that prepaid three decades of electricity for the Power Authority.

The State of Wisconsin's 2025 refinancing set a new standard for municipal tenders. Instead of a fixed price, the state executed the first fixed-spread tender for tax-exempt bonds, anchoring pricing to the AAA BVAL curve.

New York Transportation Development Corporation's green bond financing for JFK's new Terminal 6 proves that big aviation projects can be built with climate goals at the center.

Kerrville Public Utility Board Public Facility Corporation entered the public markets with its inaugural bond sale to deliver a new peaking power plant for the Texas Hill Country.

Georgia's SR 400 Express Lanes financing shows how public and private partners can solve a regional mobility challenge at scale.

Brightline's $3.2 billion recapitalization marked a watershed moment in U.S. infrastructure finance.

The Los Angeles Unified School District's $2.97 billion General Obligation Refunding Bonds represented the largest GO bond financing of the year.

Jefferson County, Alabama's $2.24 billion Sewer Revenue Warrants refinancing marked a monumental achievement in the county's financial turnaround following its 2011 bankruptcy.

The Illinois Finance Authority and the University of Chicago's $1.92 billion Revenue Bond transaction was a record-setting deal and the largest ever issued by the Authority.

The Cities of Dallas and Fort Worth's $1.32 billion financing for Dallas Fort Worth International Airport made DFW the first U.S. airport to introduce an Extendable Commercial Paper program.

The New York Transportation Development Corporation's $4.55 billion green bond issuance for the JFK International Airport Terminal One redevelopment represents the largest single-asset project financing in U.S. history.

The Westchester Medical Center Health Network's $286.9 million Series 2023 bond issuance supported the construction of a state-of-the-art patient tower.

The California Community Choice Financing Authority's $1.52 billion Clean Energy Project Revenue Bonds on behalf of Clean Power Alliance of Southern California is a record-setting prepayment financing which secured 30 years of renewable energy for over 225,000 homes, helping to avoid more than 775 million pounds of greenhouse gas emissions.

AlexRenew, the City of Alexandria, Virginia's Sanitation Authority, offered Virginia's first green bond issuance with its $45.7 million Wastewater Revenue Bonds.

Louisiana Public Facilities Authority's $1.33 billion financing for the I-10 Calcasieu River Bridge project tackles a critical infrastructure need on a major interstate.

It is one of several P3-related recommendations the board made to Transportation Secretary Sean Duffy.

The city council president hopes the panel will override the mayor's veto of the budget this week.

Federal Reserve Gov. Stephen Miran said higher goods prices could be the trade-off for bolstering national security and addressing geo-economic risks.

The creation of state-owned banks would be uniquely impactful to help states and municipalities meet today's unprecedented short- and long-term challenges.

"The steps that would be necessary to restore a sound fiscal profile are becoming increasingly drastic," the rating agency said in downgrading Jersey City.