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The retirement proposal also attempts to clarify the definition of riskless transactions, which are common in the muni market.

The Port Authority's proposed 2024 budget of $9.3 billion includes capital spending of $3.6 billion, above levels set pre-pandemic for the first time.

Daily report for November 20, 2023

BofA Global Research strategists said they believe peak muni yields in this Fed tightening cycle were attained in October 2023 and "the bull market for munis is underway." 

The municipal dashboard solves three challenges: bond linkage, pricing and spread aggregation.

The process of turning the data into a usable form takes time and can be compounded by the difficulty of extracting what data there is and the format used by issuers in documents, like official statements, disclosures and other financials.

The Bay Area Rapid Transit was highlighted in the report on agencies still struggling.

The projects range from airports to ports and transit-oriented development.

Without a lot of additional state and federal aid, New York City is forecasting it will spend about $12 billion in costs related to the influx of migrants to the city in fiscal years 2023, 2024 and 2025.

Bennett joins the university as associate vice president of finance under CFO Ivan Samstein, former Cook County CFO.

Mayor Eric Adams says the city has a safe and effective way to use artificial intelligence throughout municipal government while protecting against the risks.

Daily report for November 17, 2023

The municipal market is bifurcated, opaque, and can be a challenge to price even on a steady day. In this idiosyncratic market, especially in times of volatility, data-driven decision-making is key, whether pricing a new deal in the primary market or trading it in the secondary. Learn more.

"Demand is firming up. Interest rates have moved off the recent highs. Intermediate muni yields are about 50 basis points off from those highs," said Stephen Shutz, head of tax-exempt fixed income and a portfolio manager at Brown Advisory.

Buying technology can be a relatively safe bet, especially if it comes from an established brand, and it comes with support, maintenance and expertise from vendors. Internally building it allows for exclusivity and a potential competitive advantage.

Oversight Board asks Gov. Pierluisi not to sign a bill it says would cost $3 billion over five years.

The laddered measure will keep the government open until Jan. 19 and Feb. 2 while the Senate focuses on international concerns, Senate Majority Leader Chuck Schumer said.

City Attorney Michael Gates said he will appeal the case to the Ninth Circuit Court of Appeals.

The firm plans to launch a pair of high-yield muni funds in January.

The amount of unspent funding for state and local capital projects is at a historically high $5 billion as projects struggle with rising construction costs.