News and Information from Bond Buyer

The bulk of $743 billion in improvements needed to alleviate climate risk and aging infrastructure would be borne by the utilities, a rating agency says.

The Investment Company Institute reported another week of inflows, but at a lower clip than recent weeks with $541 million coming into municipal bond mutual funds.

Daniel Isacksen Jr. replaces the retiring interim chief financial officer, Cynthia Clemence, for the Livonia, Michigan-based hospital system.

Long-term economic stability is not sustainable, economists say, after federal aid dries up.

Rep. Richard Neal, D-Mass., the committee chairman, also called for reviving direct-pay Build America Bonds.

The two systems began negotiations in January to transfer 14 CommonSpirit hospitals in Minnesota and North Dakota to Essentia.

Incumbents Bill Peduto and Eric Papenfuse were unseated, the Allentown race is too close to call and constitutional amendments to curb a governor's emergency powers appear headed to victory.

BondLink and ICE said the deal will provide issuers with direct access to real-time market data as they come to market and throughout the lifecycle of a bond.

The city will sell $439 million of general obligation bonds voters authorized in 2018 in three tranches instead of the originally planned four.

The new-issue market came alive with two high-grade competitive loans and the speculative-grade Pacific territory pricing bonds to strong demand.

Texas governments and advisors are waiting to see if the potential exclusion of the state's largest municipal bond underwriters will affect issuance costs.

The American Infrastructure Bonds Act of 2021 would create a new series of direct-pay bonds that, unlike BABs, would be exempt from federal budget sequester cuts.

The state's surplus is overstated and agencies can't handle the mountain of cash proposed in the May budget revision, state analysts say.

The state's high court justices could resolve legal questions raised in a lawsuit that argues `$14 billion of outstanding GOs are invalid.

The fuel tax increase state lawmakers sent to Gov. Mike Parson promises funding to begin working down the deferred maintenance backlog on highways and bridges.

Federal aid and vaccine distribution boosted the city's finances and optimism for economic recovery, but uncertainty lurks at the national and state levels.

Tom Kozlik of Hilltop Securities explores federal guidance over rescue aid use, whether states and local governments are ready to allocate the funding, and how a "golden age" could loom for public finance. Paul Burton hosts. (20 minutes)

States are well-positioned to emerge from COVID-19, the investment firm said in its annual grading.

Reported savings from advance refundings make great headlines, but they come with a concealed opportunity cost: waiting with refunding until the call date is likely to be considerably more beneficial.

Price indexes in the latest New York manufacturing survey came in higher than expected, furthering inflation concerns.