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"We are on the cusp of major changes in how the municipal securities market operates," Dave Sanchez, director of the Securities and Exchange Commission's Office of Municipal Securities, said last week.

Subordinate bondholders will likely be wiped out.

The cash-strapped city of Chester had been hoping the water authority sale would be its route out of bankruptcy.

Orrick promoted three California finance attorneys to partner as part of its 2026 class.

The bill was introduced by a state senator whose district includes a county that is struggling to roll over a privately placed tax anticipation note.

Smith has more than 26 years of experience advising on municipal financings.

The Coast Guard endorsed an elevated fixed span to replace the Interstate 5 lift bridge linking Oregon and Washington over the Columbia River.

Former WMATA CFO Yetunde Olumide has joined the MSRB as its chief financial officer.

Major cuts to property tax revenue could push cities and counties to turn to less stable forms of revenue like sales taxes, analysts say.

"Compliance should never feel like a game of gotcha," SEC Chairman Paul Atkins said.

Native American Tribes are culling through new rules from the U.S. Treasury Department that could boost economic development.

Governors plan to cut taxes and expand school vouchers across many of the Midwest's Republican-led states in fiscal year 2027.