Special Program Root Tag

"Insurance rationing by the leading insurers is becoming the mechanism by which climate risk is starting to impact municipal issuers," said Triet Nguyen, vice president of strategic data operations at DPC Data.

The Municipal Bonds for America Coalition, headed by the Bond Dealers of America, is putting its lobbying work into overdrive as tax reform begins to show its head as a major legislative priority.

Gov. Tina Kotek sent a letter to transportation commissioners asking them to scrap a tolling plan for Portland-area highways that was seven years in the making.

Since Gov. Ron DeSantis took office in 2019, Florida has paid down $5.3 billion of state debt, or about 25% of the Sunshine State's total debt.

The American High-Speed Rail Act has seen "some initial interest from Republican lawmakers – I'm working hard to get them on board too," said bill sponsor Rep. Seth Moulton, D-Mass.

Rural hospitals and clinics are closing in Wisconsin while Democratic Gov. Tony Evers battles the state's Republican legislature over Medicaid expansion.

The top five bond financings have an average dollar volume of more than $957 million.

California's Inglewood Transit Connector Project, Chicago's Red Line extension, New York-New Jersey's Hudson Tunnel and the Second Avenue subway would all win funds under the spending proposal.

Gov. Michelle Lujan Grisham said her public-private sector plan to build a strategic water supply will remain a top priority after a bill for financing failed to advance in the legislature.

States and local governments can use the funds to hire advisors to consider alternative delivery models for transportation projects.

Market participants said it is yet to be seen whether issuers will pull back their BABs refundings due to concerns after several bondholders sent a letter to the trustee on a Regents of the University of California deal, saying it was "prohibited" from executing the redemption.

Vivian Altman, Head of Public Finance at Janney, sits down with Bond Buyer Executive Editor Lynne Funk to discuss the state of the muni market, how the new-issue market is faring and where risks and opportunities exist in the space.

"Cry me a river, Rep. John Garamendi, D-Calif., told officials testifying about grant funding problems in the infrastructure law. "You guys have never had it so good."

In President Biden's State of the Union address, he touted the progress he's made on raising corporate taxes while setting up a larger battle for further increases as Trump era cuts are set to expire.

One investor is offloading the debt, while another sees an opportunity.

The state's February general revenue collections came in $30.62 million below official estimates. but total collections for fiscal 2024 are $428.1 million ahead of forecasts.

The North Dakota Housing Finance Agency recently priced $189 million of bonds for its home mortgage finance program, a sector in which issuance has increased.

Investor demands and lower account minimums have grown separately managed accounts across fixed-income markets, particularly in munis. Russell Feldman, CEO and co-founder of IMTC, discusses this evolution and how technology has contributed to changing market dynamics.

State lawmakers last week passed bills including stadium financing to boost efforts to lure professional baseball and hockey teams to Salt Lake City.

Boston is more dependent on property taxes from commercial real estate, and property taxes in general, than most of its large-city peers.