Subject Root Tag

Daily report for January 21, 2025

Sources on the Hill indicate that whatever gets cut will come from that list. But that doesn't mean that everything on the list is going to get cut.

The Los Angeles-area wildfires have sparked a negative rating watch for several credits from Fitch Ratings.

As the Trump administration fills out it cabinet positions, advocates for housing affordability are feeling hopeful but cautious.

The Regents of the University of California leads the negotiated calendar with $2 billion of general revenue refunding bonds.

While the new tax policies should address the state's projected deficit, rating agencies are cautious about the projected revenues and federal spending on Medicaid, which could impact Louisiana.

Fieldman, Rolapp & Co. has acquired Orem, Utah-based municipal advisor G.L. Hicks, a healthcare finance specialist.

The Municipal Securities Rulemaking Board Thursday announced the members of its 2025 advisory groups.

Data-driven local governments and other public agencies might sound like a complex subject or something difficult to attain, but that could not be further from the truth.

Among the materials for lawmakers is a new report estimating the tax exemption saves issuers $824 billion through 2035.

New York Mayor Eric Adams, bolstered by lower-than-forecast spending on migrants, proposed a $114.5 billion budget for the fiscal year that begins July 1.

The muni market saw a record $507.585 billion of debt issued in 2024, up 31.8% from $385.061 billion in 2023, according to LSEG data. 

The top 10 advisors accounted for $249.421 billion of par or 59.3% of the total issuance with municipal advisors.

New York boasts four of the top 10 issuers, followed by California with two and one a piece for Florida, Massachusetts, Washington and New Jersey.

With losses expected to be measured in the tens or hundreds of billions, the municipal finance industry begins to take stock of the Los Angeles-area wildfires.

Daily report for January 17, 2025

The state will try to convince the rating agency to lift its debt to AA, to match the rating others have assigned.

Munis "responded in part to a better UST session [Wednesday] but weren't in a position from a supply standpoint to attempt to match the 10-15 basis point rally in taxables," said Kim Olsan, a senior fixed income portfolio manager at NewSquare Capital.

Treasury Secretary nominee Scott Bessent sparred with the Senate Finance Committee over the future direction of fiscal policy in the Trump administration that will be trying to tackle major tax legislation.

It could be the year's largest unrated municipal bond deal.