News and Information from Bond Buyer

Public finance advocates are trying to interpret mixed signals about plans to pass a major reconciliation bill that could put the threat to the tax-exempt status of munis back on the table.

The Texas city, which is a regional water supplier, is turning to several sources to boost dwindling water supplies amid an ongoing drought.

MSRB CEO Mark Kim described GFOA's letter suggesting changes the MSRB could make as "very constructive, very valuable."

Hamilton City Schools blames state funding formula changes and property tax reforms for a fiscal emergency that has prompted school closures and deep cuts.

The muni market has rebounded from the technical pressures of the first half of last year — a result of surging issuance — said John Miller, head and CIO of First Eagle's municipal credit team.

The city's Department of Water and Power, which saw spreads widen after last year's deadly wildfires, upsized a revenue bond deal amid strong investor interest.

Metro is considering a public-private partnership to deliver what is its largest project to date.

Bond advocates are watching the appropriations process while the possibilities of a Farm Bill and surface transportation reauthorization may offer openings for restoring advance refunding and raising the BQ cap.

Chicago general obligation bond prices have dropped sharply since the start of the year, according to the Center for Municipal Finance's muni indices.

The top two municipal bond insurers wrapped over $41.828 billion in 2025, up from $41.166 billion in 2024, data shows.

Analysts don't expect a rate cut at this meeting, but offer thoughts on the year ahead and the to-be-named Fed chair.

After Ken Paxton's opinion said giving preferences based on sex or race is unconstitutional, his office set a new certification requirement for bond issuers.

Munis were steady Monday following the large cuts the asset class saw last week, specifically on Tuesday, Jan. 20.

"We are on the cusp of major changes in how the municipal securities market operates," Dave Sanchez, director of the Securities and Exchange Commission's Office of Municipal Securities, said last week.

Subordinate bondholders will likely be wiped out.

The board wants the court to reject a wide range of bondholder discovery requests related to their administrative expense claim.

The cash-strapped city of Chester had been hoping the water authority sale would be its route out of bankruptcy.

Orrick promoted three California finance attorneys to partner as part of its 2026 class.

The bill was introduced by a state senator whose district includes a county that is struggling to roll over a privately placed tax anticipation note.

Munis were the best-performing U.S. fixed-income asset class through the first three weeks of January, but the strong performance has created some problems, Barclays strategists said.