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Public pensions have notched some improvements as the uncertainty surrounding state budgets and the effects of tariffs raise concerns.

Eurostar veteran Nicolas Petrovic will oversee the Florida system while Mike Reininger will focus exclusively on Brightline West.

The top three financial advisors have remained the same over the past several quarters: PFM in first, PRAG in second and HilltopSecurities in third.

With the latest injunction in favor of Revolution Wind, the Trump administration's war on alternative energy is seeming more and more quixotic.

Moody's Ratings warned some states face credit risk after the Trump administration froze $10 billion of funding to five blue states.

Moody's Ratings downgraded Fridley Independent School District three notches, to Ba3 from Baa3, and placed its bond ratings under review for downgrade.

Report for January 14, 2026

"The bond market breathed a sigh of relief this morning as the CPI inflation numbers came in a tad weaker than expected," said John Kerschner, global head of securitised products and portfolio manager at Janus Henderson Investors.

The "Making the American Dream Affordable Again" roadmap makes no mention of tax-exempt bonds.

The rating agency lifted the state's general obligation and other ratings by a notch, citing well-established and prudent governance practices.

Maryland is currently battling federal job losses and string of financial challenges but is starting the new year with a new triple-A rating on its general obligation bonds complete with a stable outlook.

Overall, the top underwriters saw minor shuffling last year, and no new firms entered the top 10.

"I don't think this topic is necessarily gaining traction as an enforcement matter," said Andrew Kintzinger, counsel at Hunton Andrews Kurth LLP.

The second-largest public school system in Texas could ask voters to approve as much as $6.24 billion of bond authorization as soon as in May.

Report for January 13, 2026

Despite the quiet start to the week for munis, all financial markets may feel a "heightened level of risk for rate volatility over the next few days," said Tim Iltz, a fixed income credit and market analyst at HJ Sims.

The governor's $348.9 billion budget would boost education but targets housing investors.

The compromise bill rejects the Trump administration's effort to rescind $16.5 billion of IRS funding that comes from an $80 billion infusion in the Democrats' 2022 Inflation Reduction Act.

Virginia Governor-elect Abigail Spanberger begins assembling her finance team by keeping the state's treasurer in place and naming Delegate Mark D. Sickles to serve as Virginia's next Secretary of Finance.

New York's governor and mayor called Manhattan's cordon toll a success on its first anniversary, but congestion pricing has not cleared all legal hurdles.