News and Information from Bond Buyer

With incumbent Eric Garcetti awaiting confirmation to an ambassadorship, would-be successors are lining up for a two-round election in June and November 2022.

An agreement on the $10,000 limit on the federal deduction for state and local taxes is a priority for local governments.

The state-supported issuance marks the initial debt offering to backstop a $523 milion initiative.

Puerto Rico Gov. Pedro Pierluisi said the power agency's new leaders must end the outages plaguing the island.

With a lot of cash still needing to be put to work, the Investment Company Institute showed another large week of inflows at $1.814 billion.

Mayors are urging Congress to preserve major housing support in the reconciliation bill.

KeyBanc Capital Markets priced tax-exempt bonds that will fund more than 300 units in Clayton County, Georgia, with the help of a Fannie Mae finance program.

The city council's budget and finance committee approved the increase and now the matter is headed to the full council.

State Comptroller Thomas DiNapoli's annual report reinfornced the transit authority's struggles that took hold during the pandemic.

The New York City Housing Development Corp.'s chief operating officer, who died Friday, understood bond financing nuances and "connected people and ideas."

Seeking to keep pace with growth, one of the most populous counties in Texas seeks $400 million of bond authority from voters.

Municipals have not tracked directly with the UST moves, where the 10- and 30-year UST has risen 24 and 26 basis points, respectively, from Wednesday. Municipals have seen yields rise by 16 and 11 basis points.

The growing P3 sector would enjoy a boost across many markets, including rural broadband, under P3-friendly provisions in the bipartisan infrastructure bill.

The Plan of Adjustment confirmation hearing will still begin on Nov. 8.

City department heads are being asked to identify projects that would be eligible for federal funding.

The district follows up on a taxable refunding with some new money and refunding as the ink dries on pension legislation that removes the threat of insolvency.

Chris Johns and JT Thompson, portfolio managers at the Aquila Group of Funds talk about the possible return of a BABs-like program and if it’s good or bad news for the tax-exempt bond market. They also discuss infrastructure, tax-exempt advance refundings and monetary policy. (21 minutes)

Federal Reserve Bank of Dallas President Robert Kaplan cited his desire “to eliminate any distractions” at the central bank just hours after his Boston Fed counterpart, Eric Rosengren, said he will leave earlier than planned because of a health issue. They had engaged in stock transactions that drew criticism in light of their knowledge about the Fed's pandemic response.

The high-grade muni scales saw cuts of up to four basis points in a continued selloff Monday as the market faces a robust slate of new issues.

The move could push the Plan of Adjustment, and debt restructuring, closer to the finish line, although the Senate president listed eight more concessions he wants.