News and Information from Bond Buyer

Several major technicals are beginning to improve in the muni market, said Burt Mulford, portfolio co-manager of fixed and strategic income at Eagle Asset Management.

The December 2020 supplemental aid package provided $9.8 billion directly to state departments of transportation, the only direct stimulus that DOTs received.

Chicago hasn't shied away from using its relationships with investment banks to pursuit of larger social goals, but it hasn't always gone the city's way.

John Boyd, principal at The Boyd Company, chats with Chip Barnett about how the COVID-19 pandemic and hybrid work has altered the way companies look at cities and states when they think about locations for their headquarters. (20 minutes)

Fixed-income markets have had a tough 2022 but municipal bonds have been among the ones that have struggled the most.

The latest Congressional effort challenging the state and local tax deduction cap would stop the IRS from restricting state legislation that offsets the policy.

Toll roads, registration fees and mileage-based fees are seen as the most sustainable options for replacing declining fuel tax revenue, but feasibility issues and political pressures complicate the way ahead.

Michigan's new revenue and economic forecast add billions onto existing surplus projections but officials also warn of looming economic headwinds.

The recommendation would build reserves toward a target of 16% of tax revenues in order to prevent drastic service cuts during a recession.

Elected officials in Republican-dominated states say S&P Global Ratings, by introducing ESG analysis, is politicizing the ratings process or even possibly acting illegally.

Given the volatility of risk assets is likely to remain high, and the focus on the flight to safety increases, all fixed-income assets could benefit as a result, including municipals, Barclays strategists say.

Several states have passed, or are considering, legislation to bar local governments from making payments to criminals who hold computer systems hostage.

The Forum honored Homer Schaaf of Norton Rose Fulbright, Kym Arnone of Jefferies, and Elizabeth Fine, of counsel to New York's governor, at the first in-person dinner since 2019.

The authority will takes steps to raise $1 billion to address expected growth of expenses.

The Port of Oakland cited supply disruptions in China for an April traffic decline, though Long Beach and Los Angeles posted gains.

A teachers' request was rejected, but another ruling could force the board to release documents it chose to withhold.

The temporary injunction halts all work on Pennsylvania's $2.2 billion Major Bridges program.

The city of 55,000 is the first to be slapped with the most severe Tier IV designation of the state's Municipal Accountability Review Board oversight program.

The office of Rob Bonta filed its objection to the dismissal with a California appellate court in San Francisco May 19.

Corrigan thrived on crisis situations, a colleague said. He received plenty of practice in 25 years at the Fed and another two decades at Goldman Sachs.