Subject Root Tag

The Infrastructure Investment and Jobs Act provides billions in grants for state and local governments. The challenge now is how quickly and effectively they can spend it amid an inflation–fueled rising–rate environment.

Daily report for November 14, 2022

The city has estimated liabilities of between $100 million and $500 million and assets of only between $10 million and $50 million, according to the filing.

Both S&P Global Ratings and Kroll Bond Rating Agency revised their outlooks for Chicago general obligation bonds to positive from stable.

Republicans critical of the infrastructure law won't be able to stop the flow of federal funds, even if they win the House.

The newly stand-alone Water Infrastructure Finance Authority can sell water augmentation bonds as part of the state's quest for new water sources.

The city's mayor says clarity is needed on debt issuance practices in the wake of the ruling.

Fitch also affirmed the A rating on $800.3 million of senior lien seaport revenue bonds Miami-Dade County issued on behalf of its seaport department.

Third-quarter sales tax collections by local governments in New York increased 10.2% year-over-year, but that falls to 1.8% after adjusting for inflation.

Refinitiv Lipper reported $2.537 billion of outflows from municipal bond mutual funds for the week ending Wednesday after $2.389 billion the week prior.

The suit, filed on behalf of community groups and area residents, alleges New York state officials skirted the law when negotiating a deal with developer Vornado Realty Trust in 2018.

S&P said the ProMedica's divestiture helps address operating losses but it's a longer road ahead to return to investment grade.

NABL sends detailed letter requesting guidance on interbank offered rates ruling

The rating agency zeroed in on a handful of measures in a state where voters considered billions in bond measures.

The MSRB's latest request for comment has won initial praise from broker-dealer groups.

The Federal Reserve looked closer to moderating aggressive interest-rate increases after welcome news on inflation, with three officials backing a downshift even as they stressed that policy needs to stay tight.

The North Carolina Medical Care Commission got the green light to issue $105.1 million of tax-exempt revenue bonds to fund a five-story building that will house 71 independent living apartments.

Daily report for November 10, 2022

Municipal bond mutual funds saw more losses on Wednesday with the Investment Company Institute reporting another week of multi-billion-dollar outflows, bringing year-to-date losses to $123.3 billion.

Chicago's upcoming general obligation sale will carry a Moody's rating for the first time since at least 2014.