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A surge in tax revenue driven by AI-related companies masks a persistent structural budget deficit, the Legislative Analyst's Office warned.

The Maryland Economic Development Corporation and the Internal Revenue Service have reached a resolution in a tax squabble over a bond issuance where proceeds of the sale were not spent within a three-year time window.

Market Intelligence analyst Jeff Lipton explains why energy prepays have become a popular SMA allocation for yield and diversification, while warning that financial institution counterparty concerns and "guilt-by-association" bank headlines can still trigger episodic spread widening.

The Kentucky State Property and Building Commission will be the issuer for the $885.5 million of bonds.

Ed Fierro, a partner at Bracewell, said "making any changes to the rule is a very lengthy process."

Municipal finance professionals surveyed by The Bond Buyer said unrealistic revenue projections were the top driver of problems for public-private partnership deals.

A sweeping Illinois bill to loosen local government audit requirements is on pause, but its backers hope to push the legislation through next session.

With increasing reports of cyber activity in the public finance industry as the war in the Middle East continues, our panel of experts will discuss the severity of what the market faces, what kinds of best practices for guarding against them exist – or should exist – and why all players in the industry need to coalesce around common goals to be more efficient in battling the threats.

Our panel of experts will explore how disclosure practices are evolving in response to cybersecurity threats, and what issuers must consider as regulations tighten and rating agencies take notice. We will also take a loko at how investors viewing the very real threats.

Ormonde said a significant portion of his practice will remain focused on California tax matters even as he works with colleagues across the firm's SALT team.

New data from The Bond Buyer finds more than half of respondents agreed that private sector partners stand to benefit the most from the increased use of P3s.

The Municipal Forum of New York recognized three muni veterans for their service.

Actions this legislative session include a ballot measure to tighten caps on property assessment growth and allowing bond issuance for charter schools.