News and Information from Bond Buyer

The Miami metro area saw the most private-sector job growth among all metro areas in the state in June and year-over-year.

Munis were firmer to end the week but underperformed U.S. Treasuries.

Court decisions are highlighting the complexity of controlling how states spend money allocated them by federal law.

Several U.S.-based Puerto Rican diaspora groups call for full debate of the proposed status plebiscite and possible amendments to it.

Fitch raised Michigan's general obligation rating one notch to AA-plus.

As passengers return and revenues climb toward pre-pandemic norms, the Port Authority of New York and New Jersey has billions of capital construction on tap at the region's largest airports.

Genesee County and Flint supported the bonds issued to finance construction of a pipeline with the county ultimately on the hook.

Mayor Daniella Levine Cava said her proposed $9.3 billion fiscal 2022-2023 budget, with the tax cut, safeguards the county's fiscal stability and maintains critical services.

Investors pulled $698.782 million out of municipal bond mutual funds, per Refinitiv Lipper data, versus the $206.127 million of inflows the week prior. High-yield saw small inflows.

The ruling means the Puerto Rico government will have $400 million less in its coffers.

Park View School Inc., a charter school operator in Prescott Valley, has filed for bankruptcy following years of financial mismanagement and a lawsuit from the SEC.

The new law kills tolling for the Major Bridge program but allows the P3 contract to remain in place.

Because revenue from riders at the farebox has not recovered as well as the MTA had expected, budget gaps are rising as federal funds are falling.

Most public pension funds are fragile not distressed, according to Equable.

While an Oklahoma regulatory official said the bond sale's results for ratepayers was “simply horrifying,” the rapid increase in U.S. Treasury and municipal interest rates since the start of the year were directly correlated.

The top two bond insurers — Assured Guaranty and Build America Mutual — accounted for $17.132 billion of deals in the first two quarters.

The governor refused board's order to suspend implementation and enforcement of the new law that the board says will hurt the island's labor market and revenues.

“We have to be able to build things better and faster in this country and you don’t have to be a Democrat or a Republican to agree with that."

The Investment Company Institute reported investors added $543 million to muni bond mutual funds in the week ending July 13 compared to the $1.061 billion of outflows in the previous week.

The 2023 fiscal year chair, vice chair and four new members will be announced after the meeting and the board will adopt its FY 2023 budget.