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Daily report for July 3, 2023

The fiscal 2024 General Fund increases 2.5%

For the coming week, investors will be greeted with a new-issue calendar estimated at $304.5 million. This marks the lowest week of issuance in 2023.

The city would issue short-term debt this summer and refund it as part of a long-term bond offering next year.

Buy in starts at $100 and the one-year taxable notes carry a 5% coupon rate. The Green Banks is seeking $350,000 for a green energy upgrade program.

Total volume for the month was $34.436 billion in 744 issues, down from $37.775 billion in 984 issues a year earlier, according to Refinitiv data.

The $107 billion adopted budget for fiscal 2024 maintains a near-record $8 billion in total reserves but doesn't increase them.

Deputy General Manager Dan Denham was named acting general manager until the board of directors finds a permanent replacement.

States are putting billions of dollars of federal broadband funding to work, with more on the way.

Daily report for June 30, 2023

S&P expects improvement although for some borrowers that simply means a reduction in losses, or breakeven to just slightly positive margins.

Triple-A yields rose one to five basis points, depending on the scale, as secondary trading showed cheaper prints and some new-issues had to be cheapened to clear the market while USTs saw larger losses of up to 16 basis points on the three and five year.

Following a two-year delay in implementation, babies born after July 1 in Connecticut whose whose births are covered by the state's Medicaid program will see the deposits of $3,200 into a publicly managed trust fund.

The bank would be modeled in part on the Reconstruction Finance Corporation created during the Great Depression, said the bill's sponsor, Rep. Danny Davis, D-Ill.

The Board of Education approved a fiscal 2024 budget amid warnings about the need for more state help to manage a gap of up to $700 million in fiscal 2026.

S&P analyst Anne Cosgrove cited "Kentucky's commitment and execution to strengthen its budgetary flexibility and long-term financial stability."

San Diego city leaders are in the early days of assembling a P3 that could transform six city blocks with fresh space for city workers and affordable housing.

Ted Damutz and Lina Santoro have joined Kroll Bond Rating Agency as directors in the public finance department in New York City.

With no agreement on how to structure a historic property tax cut, Gov. Greg Abbott ordered state lawmakers back for a second special session.

Daily report for June 29, 2023