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The private-activity bonds funding LAX's automated people mover project have been downgraded to junk by Fitch amid delays and disagreements with the private developer. But Fitch affirmed the airport's AA rating.
July 5
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The Illinois state comptroller reported a 55% year-over-year increase in the general revenue fund cash balance as her office closed fiscal 2024.
July 5
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Some PREPA bond parties suggest the bonds should paid in full, while the board is offering around 4% to those who haven't accepted a settlement.
July 5
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The issuance is expected to generate strong interest in D.C., Virginia, and Maryland.
July 5
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Between two state measures and one regional, California starts with $40 billion of GO bonds on the November ballot, before any other local measures are tallied.
July 5
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Rider University, a small private college outside of Trenton, New Jersey, is trying to raise additional funds to help an ongoing liquidity crunch.
July 5
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"The forces of municipal fundamental and technical measures are setting up a reconciliation against higher UST yields," said Kim Olsan, senior vice president of municipal bond trading at FHN Financial.
July 3
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The environmental clearance marks a regulatory milestone, but major funding shortfalls remain.
July 3
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July will see $35.2 billion of redemptions, down 13% month-over-month but still 35% higher than 2024's monthly average of $27 billion, said Pat Luby, head of municipal strategy at CreditSights.
July 3 -
After the west abutment on the Rapidan Dam partially failed last week, it's up to the Blue Earth County board of commissioners to pursue repair or removal.
July 3
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The Contra Costa County Office of Education gave West Contra Costa Unified School District until July 17 to pass a budget, or have the county office step in.
July 3
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"With a nonexistent new-issue calendar and heavy dealer balance sheets, we expect the muni market to get a bit 'grabby' over the next few weeks," AllianceBernstein strategists said.
July 2
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The rating agency's new local government rating criteria led to the higher rating.
July 2
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Another round of grants authorized in the 2021 Infrastructure Investment and Jobs Act is going out to 129 airports in 40 states.
July 2
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The system, along with UT Southwestern Medical Center, plan to build a $5 billion pediatric health campus in Dallas.
July 2
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Infrastructure practice is a "strategic priority" for the firm, it said in announcing the hire of Elena Millerman.
July 2
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Laws enacted in Arkansas and Kansas will reduce income tax revenue by hundreds of millions of dollars in fiscal 2025.
July 2
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The $82.5 billion fiscal 2025 budget includes the final tranche of Rebuilding Michigan Plan bonds.
July 2
