News and Information from Bond Buyer

The Build Back Better in its current form essentially has been killed by Sen. Joe Manchin, likely limiting the potential for tax hikes in the coming year.

To qualify for bond credit enhancement, the state treasurer requires school districts certify compliance with a court ruling against public health mandates.

Sen. Schumer said the Senate would take up Build Back Better "very early in the new year."

Arizona, Nevada and California agreed to bank more water in the rapidly shrinking Lake Mead as drought wreaks havoc on Colorado River water supplies.

Photos from The Bond Buyer's annual gala honoring exemplary public finance transactions and Trailblazing Women in Public Finance.

The program helped South Carolina’s local governments bridge financial gaps resulting from lost revenues or delayed collections regardless of population size.

The financing was effectively an inaugural issuance, as it marked the Board’s first issuance after transitioning back to local board control after operating under state control for 25 years.

The Health Care winner is the $300 million taxable bond issuance by the SouthEast Alaska Regional Health Consortium to fund construction of a critical access replacement hospital. The issuer is a nonprofit, tax-exempt tribal health consortium and this was their first public bond issuance.

The Small Issuer honoree is the Buffalo Sewer Authority for its $49.2 million issuance of sewer system environmental impact revenue bonds, the authority’s first bond sale since 2003.

The project used a P3 structure to overcome adverse market conditions to successfully finance much-needed development along a major travel route.

The Foothill/Eastern Transportation Corridor Agency’s $760 million issuance of taxable and tax-exempt toll road refunding revenue bonds produced significant benefits for the issuer relative to conventional alternatives.

The transaction established a model that can be replicated, both for other Texas communities facing stress from storms like Winter Storm Uri, and for other cities and utility systems that face an increasing risk of natural disaster.

Proceeds from the sale will contribute to neighborhood improvement and blight remediation projects throughout the city, making it one of the rare uses of municipal bonds to fund urban blight removal, allowing the city to reach every neighborhood.

This marked the first new financing credit for the MTA’s transit and commuter capital program since its 2002 restructuring and marked the first long-term issuance under the security.

PortMiami is the largest cruise port in the world and a large containerized cargo port. As a result of the COVID-19 pandemic, PortMiami cruise operations were suspended for nearly 16 months.

Municipal volume is estimated at a lean $558.8 million with $494.7 million of negotiated deals and $64.2 million on the competitive slate. Thirty-day visible supply is at $3.17 billion.

The opening video for The Bond Buyer’s return to live events with the Deal of the Year ceremony in New York City on Dec. 16.

While the U.S. continues to lag pre-pandemic levels, Puerto Rico is now ahead by 2.3% from November 2019.

The measure is a response to long-time criticism of ballot titles and summaries crafted by the California Attorney General's office.

The Missouri State Employees Retirement System filed an amended complaint against Catalyst Capital Group Inc. accusing it of mismanaging investments. The firm counters the fund is trying to shift the blame for its own mismanagement.