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An initial toll corridor would require $8.5 billion in upgrades, which would be financed by a new bond credit under a plan under consideration by Michigan lawmakers.
February 10
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"We actually are increasing the odds — we can get a soft landing. That doesn't mean we're out of the woods," Harker said.
February 10
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The rainy-day fund is currently at $904 million, but Gov. Joseph Lombardo's budget targets $1.6 billion in reserve by the end of the biennium.
February 10
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"The large taxable refunding or combined transactions were accomplished earlier in the year when rates were relatively low," says John Hallacy.
February 10
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The central bank has raised rates aggressively for nearly a year, but experts believe the hiking cycle is nearly over.
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Citi was barred from underwriting government bonds in Texas under a state law prohibiting contracts with companies that "discriminate" against the firearms industry.
February 9
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Inflows returned as Lipper reported $775.006 million was added to municipal bond mutual funds in the week ended Wednesday after $361.649 million of outflows the week prior.
February 9
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Michigan would funnel $200 million more into its rainy day fund and establish a new school budget stabilization fund under Gov. Gretchen Whitmer's proposal.
February 9
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Connecticut residents would get an income tax cut and increased spending in education and workforce training under Ned Lamont's spending package.
February 9
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U.S. Virgin Islands Gov. Albert Bryan Jr. also voiced concern about the EPA closure of an oil refinery in St. Croix.
February 9
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The issue is important to lawmakers in high-tax states, and is also important to municipal issuers in those places who have said the cap infringes on their fiancial sovereignty.
February 9
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The proposed Rule G-46 seeks to clarify certain rules specific to solicitor municipal advisors, a very specific group of professionals.
February 9
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"I think ESG is here to stay in our market. I think it's a natural fit with the types of infrastructure that our market finances," said MSRB CEO Mark Kim.
February 9
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A California conduit will price private activity bonds to replace the intakes for a San Diego County water desalination plant.
February 9
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Public school districts faced $1.38 billion in spending cuts next month due to a constitutional cap on expenditures.
February 9
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New legislation on the high priority is on its way.
February 9
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Although there is some volatility in the municipal market, the landscape is in good shape, according to Cooper Howard, fixed income strategist at Charles Schwab.
February 8
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Milwaukee could see relief from pressures that have dragged down its ratings if Gov. Tony Evers' proposals — to raise shared revenues and allow local governments to seek voter approval for a sales tax hike — clear legislative hurdles.
February 8
