Special Program Root Tag

Half of the top 10 issuers are from New York, California issuers hold two spots on the list.

Raymond James was the sole new entrant in the Top 10, knocking out Citi — which formally exited the muni market by the end of Q1 2024.

North Dakota's Bismarck State College returned to the market, pricing $30 million of bonds, with proceeds used to finance the construction of an 80,000-square-foot athletic center.

In Texas, the Austin City Council set a climate bond election for no later than November 2026, while an Arizona water authority is dealing with a funding drought.

"Lobbyists have to be prepared for any eventuality," said Chuck Samuels, attorney at Mintz Levin and counsel to the National Association of Health & Educational Facilities Finance Authorities.

One-time spending, rainy-day funds and fare hikes are forming a rickety bridge for crossing the transit funding ravine.

Public pensions are averaging a significantly improved 80.6% funded ratio, but took on riskier investments to obtain higher returns, which would be problematic in a market correction.

The new rule will require FEMA to consider climate change's impact on future flood patterns in determining how and sometimes if to build back after flooding. 

Sterling Heights, Michigan, plans to issue $45 million of bonds to help finance a $1.06 billion redevelopment of Lakeside Mall, which closed at the end of June.

Neither presidential candidate is talking enough about the "unsustainable" U.S. deficit, BlackRock CEO Larry Fink said.

The $238.8 million of voter-approved debt will end a 12-year drought in new money general obligation issuance by the nation's fifth largest city.

The Federal Reserve chairman has two years left in his term, which he will serve regardless of who occupies the White House. Powell's term on the Fed Board of Governors expires in 2028.

While the market awaits the initial FDTA proposal, some wonder if the rulemaking will be affected by the upcoming presidential election and the U.S. Supreme Court's Chevron decision.

The New York City Transitional Finance Authority is set up to refund Build America Bonds as part of a $2.11 billion deal slated to land in the market this week.

Without legislation, the Supreme Court's Chevron ruling makes it "less likely" the U.S. will meet its stated climate goals, said Moody's Investors Service.

The Grants Pass decision was viewed as the most consequential for local governments of the U.S. Supreme Court's recent session.

The airport reports that both passenger and freight traffic has grown well beyond pre-pandemic levels.

A revenue bond issue for Galveston Wharves will price Tuesday after Hurricane Beryl interrupted port operations earlier this week.

Every state in the Midwest has clean water and drinking water financing programs. Those financing mechanisms may face greater strain in the years ahead.