Special Program Root Tag

Public finance advocates are trying to interpret mixed signals about plans to pass a major reconciliation bill that could put the threat to the tax-exempt status of munis back on the table.

MSRB CEO Mark Kim described GFOA's letter suggesting changes the MSRB could make as "very constructive, very valuable."

Hamilton City Schools blames state funding formula changes and property tax reforms for a fiscal emergency that has prompted school closures and deep cuts.

The city's Department of Water and Power, which saw spreads widen after last year's deadly wildfires, upsized a revenue bond deal amid strong investor interest.

Bond advocates are watching the appropriations process while the possibilities of a Farm Bill and surface transportation reauthorization may offer openings for restoring advance refunding and raising the BQ cap.

After Ken Paxton's opinion said giving preferences based on sex or race is unconstitutional, his office set a new certification requirement for bond issuers.

"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.