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The budget proposal includes $455 million for the Florida Division of Bond Finance to redeem, defease or purchase outstanding state bonds.

The appeals court grants an expedited schedule to the appeal.

The municipal bond rally has brought two big Illinois issuers into the market with plans to sell refunding bonds this week.

Daily report for December 13, 2023

Issuers should "absolutely be issuing if possible; the end of year outlook is positive on the surface but substantial volatility lies just below and could arrest or interrupt what have been easier primary market conditions," said MMA's Matt Fabian.

Joe Ferguson, who served as Chicago's inspector general under three mayoral administrations, replaces Laurence Msall, who died earlier this year.

The Senate Committee on Transportation, Housing and Urban Development convened Tuesday to discuss the imminent need for permanent reauthorization of the Community Development Block Grant - Disaster Relief.

Washington Gov. Jay Inslee announced the state would use better-than-expected carbon-pricing revenues to accelerate the state's climate change efforts.

"The city cannot provide everything to everyone. But it can thrive and help our most in-need neighbors if it prioritizes key services, relentlessly manages them to get results, and operates effectively and efficiently," said the CBC's Ana Champeny.

The Plan of Action for Regional Transit asks lawmakers for $1.5 billion of new operating support for transit and at least $400 million annually of complementary capital investments.

Justin Cooper, Orrick's co-head of public finance, breaks down how states like Oregon, Washington and California are funding efforts to lessen their affordable housing and homelessness crises. Keeley Webster hosts (24 minutes)

The Federal Open Market Committee's Summary of Economic Projections probably won't offer the 130 basis points of cuts next year that the market expects.

Daily report for December 12, 2023

Bond parties say their action against the commonwealth of Puerto Rico isn't barred by PREPA bankruptcy.

The weakness came as the new-issue calendar grew to $5.9 billion with the addition of a $900 million refunding deal from the Illinois State Highway Toll Highway Authority slated for Thursday. Bond Buyer 30-day visible supply sits at $6.95 billion.

The top five bond financings have an average dollar volume of more than $1 billion.

Nuveen's marquee fund has seen the worst performance among the largest high-yield funds so far this year.

The state's Democratic leaders approved $19 million in emergency funding for road maintenance and snowplows after ODOT said it would cut back snowplow services to four days a week amid inflationary pressures and gas tax revenue declines.

The state would raise $500 million through internal debt sales backed by oil and natural gas severance tax revenue to fund long-term water purchase contracts.

Finance officials from Ohio, Illinois, Pennsylvania, Oklahoma and Palm Beach County have joined Israel Bonds' new Government, Industry and Financial Services Leadership group.