News and Information from Bond Buyer

U.S. Treasuries saw losses pushing municipal to UST ratios on the 10- and 30-year lower again.

The board has long maintained that if the pension laws are allowed to stand, the Plan of Adjustment would not be implemented, scuttling the entire bankruptcy deal.

Malveaux will take the reins from Carol Polumbo in 2022 at the Southwest's top bond counsel firm.

An influx of federal funds contributed to the stable outlook.

The Illinois Municipal League will press lawmakers to support giving local governments more time to hit a 90% funded ratio and lowering the target to 80%.

The framework that will guide federal transportation strategy in the coming years does not currently include any financial goals or objectives.

Experts discuss the proliferation of chief diversity officers across the industry and what it may mean for future progress in diversity.

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.