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Potential threats to tax policies and federal infrastructure programs could weigh on the ability to fund the future.

$24,760,000* CITY OF PORT ST. LUCIE, FLORIDA GENERAL OBLIGATION REFUNDING BONDS, SERIES 2025

TOWN OF ASHFORD, CONNECTICUT $1,600,000 GENERAL OBLIGATION BOND ANTICIPATION NOTES (BANK QUALIFIED) OPTION FOR NO BOOK-ENTRY

TOWN OF NEW MILFORD, CONNECTICUT $4,300,000 GENERAL OBLIGATION BOND ANTICIPATION NOTES BOOK-ENTRY-ONLY

TOWN OF NEW MILFORD, CONNECTICUT $6,160,000 GENERAL OBLIGATION BONDS, ISSUE OF 2025 BOOK-ENTRY-ONLY

$35,265,000* CITY OF PALM SPRINGS FINANCING AUTHORITY 2025 LEASE REVENUE BONDS (PUBLIC FACILITIES RENOVATION AND EXPANSION PROJECT)

TOWNSHIP OF ROBBINSVILLE, IN THE COUNTY OF MERCER, NEW JERSEY $26,226,000* GENERAL OBLIGATION BONDS, SERIES 2025A; CONSISTING OF $24,235,000 GENERAL IMPROVEMENT BONDS AND OF $1,991,000 SEWER UTILITY BONDS (Book Entry Only) (Callable) & TOWNSHIP OF ROBBINSVILLE, IN THE COUNTY OF MERCER, NEW JERSEY $1,826,000* GENERAL OBLIGATION BONDS, SERIES 2025B (FEDERALLY TAXABLE) (Book Entry Only) (Callable)

TOWN OF WINCHESTER, CONNECTICUT $8,000,000 GENERAL OBLIGATION BONDS, ISSUE OF 2025 (BANK QUALIFIED) BOOK-ENTRY-ONLY

$8,520,000 TOWN OF SOUTHBURY, CONNECTICUT GENERAL OBLIGATION BOND ANTICIPATION NOTES (BANK QUALIFIED)

$34,447,000 COUNTY OF SOMERSET, NEW JERSEY GENERAL OBLIGATION BONDS, SERIES 2025

NOTICE OF CASH DEFEASANCE AND ESCROW DEPOSIT NEW YORK CITY MUNICIPAL WATER FINANCE AUTHORITY WATER AND SEWER SYSTEM SECOND GENERAL RESOLUTION REVENUE BONDS

TOWNSHIP OF ROBBINSVILLE, IN THE COUNTY OF MERCER, NEW JERSEY $26,226,000* GENERAL OBLIGATION BONDS, SERIES 2025A; CONSISTING OF $24,235,000 GENERAL IMPROVEMENT BONDS AND OF $1,991,000 SEWER UTILITY BONDS (Book Entry Only) (Callable)

TOWNSHIP OF ROBBINSVILLE, IN THE COUNTY OF MERCER, NEW JERSEY $1,826,000* GENERAL OBLIGATION BONDS, SERIES 2025B (FEDERALLY TAXABLE) (Book Entry Only) (Callable)

$49,870,000 The Board of Education of the County of Putnam (West Virginia) Public School Bonds, Series 2025

$47,365,000* SANTA CRUZ COUNTY REDEVELOPMENT SUCCESSOR AGENCY TAX ALLOCATION REFUNDING BONDS 2025 SERIES A

TOWN OF FAIRFIELD, CONNECTICUT $9,250,000 GENERAL OBLIGATION BOND ANTICIPATION NOTES BOOK-ENTRY-ONLY

TOWN OF FAIRFIELD, CONNECTICUT $45,300,000 GENERAL OBLIGATION BONDS, ISSUE OF 2025 BOOK-ENTRY-ONLY

$160,000,000 (Preliminary, subject to change) SACRAMENTO METROPOLITAN FIRE DISTRICT (Sacramento and Placer Counties, California) General Obligation Bonds, Election of 2024, Series A (2025)

$16,000,000* ST. CHARLES COUNTY, MISSOURI SPECIAL OBLIGATION BONDS SERIES 2025

$237,820,000* STATE OF NEW MEXICO SEVERANCE TAX BONDS, SERIES 2025A