News and Information from Bond Buyer

If the deal closes, the two systems say they will evaluate existing debt structures and combine credits where possible and beneficial.

The territory has to respond to a change in U.S. tax policy that will eliminate a substantial source of revenue.

Affluent, urban communities enjoy a natural edge when it comes to competing with their less-resourced rural peers for the new infrastructure funds.

An MSRB analysis finds that trading volumes have fallen dramatically since the Great Recession, led by a drop in short-term paper, while trading surged at certain times of uncertainty and market dislocation.

Valuations look increasingly attractive relative to other fixed income asset classes, even as rising interest rates continue to weigh on the market, strategists say.

Gov. Gavin Newsom's focus on voluntary water conservation has not brought much in the way of water conservation — consumption grew 19% year-over-year.

The Illinois Sports Facilities Authority's hotel taxes are on the rebound but Chicago is on the hook for a $28 million debt service gap this year.

Outflows continue with the Investment Company Institute reporting $6.167 billion pulled from muni bond mutual funds in the week ending May 4, up from $5.371 billion of outflows in the previous week. 

While expenditures also grew, revenues came in 4.5% higher than projections and were higher than the authority's cost growth.

Oregon State Hospital's Junction City campus has three months to correct problems after an investigation revealed lax supervision.

The Louisiana House passed a bill to limit firms that "discriminate" against the firearms industry from government business. A similar bill was vetoed last year.

The Michigan State University economist endured a grueling political fight over her nomination and secured a party-line vote in her favor on Tuesday night. 

Referring to the $105 billion California high-speed rail plan, transportation Secretary Pete Buttigieg said the administration continues “to want that project, as we want any project, to succeed.”

New York Dormitory Authority school bonds and Northwell Health priced and upsized, while Wisconsin and Oregon offered general obligation bonds. Analysts say municipal curves are oversold, creating a buying opportunity.

The recent Texas law led the Texas Department of Housing and Community Affairs to drop three underwriters from a recent deal late in the process.

Teachers petition court for a rehearing before the full appeals court panel of judges.

Inflation is "absolutely a problem," Yellen told a Senate panel, adding that the hot labor market illustrates the success of aid packages like the American Rescue Plan.

The Metropolitan Pier and Exposition Authority will take higher ratings linked to the state's recent upgrades when it returns to the market to refinance debt.

San Antonio and Fort Worth voters approved bonds, while a few school districts stumbled, particularly with projects unrelated to academics.

The special district formed for the Walt Disney Company in Florida is to be dissolved under a new state law driven by Gov. Ron DeSantis.