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Delayed over the summer amid rising interest rates, Miami-Dade County is now set to come to market with its taxable revenue bond sale for PortMiami.

A new law creates a commission to recommend changes to address rising property tax bills and ensure the system is sustainable for local governments and school districts.

Illinois spreads tightened considerably after ratings upgrades earlier this year. The state saw up to 10 bidders on $875 million of taxable and tax-exempt GOs.

Daily report for November 29, 2023

West Virginia reduced its pension debt burden by 90% from 2000 to 2021, according to a recent report from the Pew Charitable Trust.

While the muni market faces some headwinds, such as rich relative yields, near-term returns "are likely to be favorable for munis," said Cooper Howard, a fixed-income strategist at Charles Schwab.

All eyes are on the Federal Reserve and monetary policy. Join us as Scott Anderson, chief U.S. economist and managing director at BMO Economics, breaks down the latest FOMC meeting.

Pierluisi says there's more to the island's growth than federal funds. Bondholders said that means the Puerto Rico Electric Power Authority can afford to pay them more.

The project was to have been the first small modular reactor technology in the U.S.

The downgrade of Issaquah School District 411 to Aa1 affects $670 million in debt.

U.S. regulators' swift action in March to ring-fence the banking sector after the collapse of Silicon Valley Bank might have had an unintended consequence of driving cash out of bond funds by enhancing the appeal of deposits, two New York Fed researchers say.

A group of about 10 bankers reportedly is departing Citi for Jefferies.

The city has made some important progress on the expenditure side, but the new mayor's first budget didn't make similar strides on revenues, according to Fitch.

"The upgrade of Pennsylvania's IDR and related ratings reflects recent use of revenue surpluses to build its reserves to historical highs and Fitch's expectation that substantial reserves will be maintained in the near term," the rating agency said.

Megan Kilgore and Virginia Wong talk about how navigating a challenging time in the municipal market has led them to rethink mentoring a younger generation of leaders, and how it is moving the public finance industry forward. Lynne Funk hosts. (39 minutes)

Daily report for November 28, 2023

The BSBY interest rate benchmark was originally envisioned as a successor to the once-ubiquitous Libor rate. But it failed to gain much traction, and Bloomberg now plans to shut it down next year.

The Metropolitan Transportation Authority's potential budget gaps could widen to nearly $900 million in 2026, according to the Citizens Budget Commission.

"The November muni rally continues as month-to-date returns are now at 4.68%, pushing us further into positive territory for the year as year-to-date returns now stand at 2.35%," said Jason Wong, vice president of municipals at AmeriVet Securities.

States are required to reduce vehicle-related greenhouse gas emissions under the rule that was finalized last week.