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Chicago released a budget forecast that its corporate fund deficit will grow to $982.4 million in 2025 from $222.9 million at 2024's end.

The governor says borrowing $50 million is "imperative" but the senate majority leader says "continuing to borrow is not the answer."

Few in the municipal bond industry have had as far reaching an impact on the institutions, best practices and local developments the way Kenneth Lind, the longtime point man for the Metropolitan Transit Authority, has both as in house and outside counsel.

Subsidence has delayed completion of the new Belle Chasse Bridge, a project led by one of the developers of the $2.3 billion Calcasieu Bridge project.

Daily report for September 05, 2024

South Dakota voters will have the opportunity to end the state tax on groceries this November.

Most weeks in September are expected to see around $10 billion of issuance, which could easily grow if a prepaid gas deal is thrown into the mix, said Jason Appleson, head of municipal bonds at PGIM Fixed Income. Bond Buyer 30-day visible supply sits at $16.46 billion.

House Republicans are hoping to jam through a voter eligibility bill as part of the upcoming continuing resolution in order to avert a shutdown before Sept. 30.

"Employers were more selective with their hires and less likely to expand their workforces, citing concerns about demand and an uncertain economic outlook," the report said.

Patrick Harker, the longest serving regional reserve bank president, will leave office in June 2025. Directors at the Fed bank have started the search for his replacement.

General fund revenue growth of only 1.1% in the fiscal year that ended Saturday, marks a continued slowdown since fiscal 2022's 26.4% increase.

The state Supreme Court will determine if the Granite State's property tax-based school funding is constitutional. 

AHCIA has languished since 2016 — is it time to consider alternatives?

Joan Stern, a legend in public finance law in Philadelphia and Pennsylvania, is a member of The Bond Buyer's 2024 Muni Hall of Fame class.

Illinois will sell up to $1.1 billion of general obligation refunding bonds and $600 million of taxable and tax-exempt GO bonds by the end of September.

Daily report for September 04, 2024

Summer redemption season has ended, and "without the huge amounts of maturing and called bond principal flowing back to investors, demand in the last months of the year will be more reliant on new money coming into the market than it was in June, July and August," said Pat Luby, head of municipal strategy at CreditSights.

California and Texas have received the most amount of federal investment to date, according to a pair of reports tracking the climate law's investments.

The one-notch general obligation and certificates of participation rating downgrades resulted from the application of Fitch's updated criteria.

Rep. Steven Horsford will likely replace the late Rep. Bill Pascrell.