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Public finance professionals need to contemplate uncertainty as they work with municipal issuers to help them plan and meet their needs.

New research from The Bond Buyer finds the federal policy environment once again threatens the tax-exempt status for municipal bonds.

Mayor Karen Bass introduced a multi-year comprehensive plan, saying it is a first for a city that for too long had a fragmented approach to infrastructure.

"MSRB's strategic plan was shaped by the many conversations we've had with stakeholders from across the municipal securities market," MSRB CEO Mark Kim said.

The bond sale follows an upgrade by S&P Global Ratings but comes while the city is in the midst of an extreme drought.

Senior bonds most recently traded for 30 cents on the dollar.

The Michigan Strategic Fund board approved a plan to issue $150 million in private activity bonds for developer Bedrock's Detroit development projects.

"Regulatory change in this area is needed without further delay," SIFMA said in a letter.

Muni advocates are actively working on championing a bill that would address a wish list of provisions designed to boost bond sales.

PFM sees the expansion as a way to strengthen its position.

Months after the state cracked down on cities' tardy annual financial audits, adherence to a statutory filing deadline is improving with fiscal 2025 reports.