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Legislation making its way through the state legislature enhances pension benefits for Tier 2 Chicago firefighters but the Civic Federation is urging lawmakers to slow down.

Three public finance veterans and one industry hopeful took the stage Wednesday in Manhattan to accept awards at the forum's 32nd Annual Awards Dinner.

"The vast majority" of state and local issuers would be resilient to a one-notch downgrade in the U.S. rating, Moody's said.

With limited support from the federal government, numerous cities would be able to pursue projects that improve their communities without sacrificing their budgets to debt service.

The Local Infrastructure Hub is designed to help municipalities tap into $42 billion in federal grants

Judge Laura Taylor Swain is upset little mediation has occurred in recent months.

Providing enough housing for middle class and homeless people has topped legislative agendas in three West Coast states and Hawaii this session.

Circuit Judge John K. Bush cited Alexander Hamilton's insistence in the Federalist Papers that states would retain their authority over their own taxation.

The placement of Wells Fargo, JP Morgan Chase, and Bank of America on the list makes them ineligible for state and local government contracts.

Daily report for May 4, 2023

"The SLGS window closed after we released the pre-marketing wire and had already signed off on the cashflows," which assumed the use of SLGS, city Auditor Megan Kilgore said. "I've had the SLGS window close the same week, even within a day or two of pricing, but not without any advance notice."

Without certification it will be harder to get the appeals court to hear any bondholders' appeal.

The secondary was quiet and the sole deal of size came from a $400 million-plus competitive water and sewer loan from Portland, Oregon. The recent rise in yields makes for more compelling levels.

The Missouri House approved legislation to strip St. Louis of its earnings tax on remote work; Wisconsin lawmakers unveiled a plan to raise revenue sharing.

"We need to have the debt ceiling raised quickly with close to $30 trillion in debt at risk," said Steve Mnuchin, the former treasury secretary.

Despite legislation and political rhetoric, demand for environmental, social, and governance focused debt remains strong.

"When the rating agencies developed and rolled out their ESG scores, they said their ESG scores would not impact an issuer's credit rating. We are holding them to their word," said Ben Watkins, director of the state Division of Bond Finance.

The House is holding onto the bill until an agreement is reached with the Senate on public school funding.

An expansion of the Northeast Corridor rail link and a proposed bullet train between Portland and Vancouver are two of the infrastructure developments in muni finance.

The state Senate on Tuesday gave a green light to the general appropriations act, which now goes into a constitutionally required 72-hour cooling off period before a Friday vote.