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Despite a boost in state funding, Arizona school districts face big budget cuts unless the Republican-controlled legislature lifts a cap on their spending.

"The labor noise is probably a little louder and is probably going to be with us for longer than we expected in late 2021 and is probably going to result in lower margins for a bit of time," S&P's Suzie Desai said.

But governor and an analyst caution about appropriating "excess revenues" before an audit.

The program received more than 250 applications for $26.5 billion worth of projects across the country.

The once-barren budget stabilization fund now tops $1 billion but it's meager compared to the cushion built up by other states.

Daily report for September 15, 2022

NOTICE IS HEREBY GIVEN, with respect to all or portions of certain maturities of the above- referenced bonds identified on Exhibit A attached hereto (collectively, the "Bonds") that (i) the New York State Urban Development Corporation (the "Corporation") has made a deposit pursuant to Section A-1104 of the State Personal Income Tax Revenue Bonds (General Purpose) General Bond Resolution of the Corporation, adopted on November 16, 2009 (the "PIT General Resolution"), with the undersigned in order to defease the Bonds and (ii)the Bonds are deemed to have been paid in accordance with Section A-1104 of the PITGeneral Resolution.

NOTICE IS HEREBY GIVEN, with respect to the above-referenced bonds identified on Exhibit A attached hereto (collectively, the "Bonds") that (i) the New York State Urban Development Corporation (the "Corporation") has made a deposit pursuant to Section A-1104 of the State Sales Tax Revenue Bonds General Bond Resolution of the Corporation,adopted on September 19, 2019 (the "Sales Tax General Resolution"), with the undersigned in order to defease the Bonds and (ii) the Bonds are deemed to have been paid in accordance with Section A-1104 of the Sales Tax General Resolution.

NOTICE IS HEREBY GIVEN, with respect to the above-referenced bonds identified on Exhibit A attached hereto (collectively, the "Bonds") that (i) the New York State Urban Development Corporation (the "Corporation") has made a deposit pursuant to Section A-1104 of the State Sales Tax Revenue Bonds General Bond Resolution of the Corporation,adopted on September 19, 2019 (the "Sales Tax General Resolution"), with the undersigned in order to defease the Bonds and (ii) the Bonds are deemed to have been paid in accordance with Section A-1104 of the Sales Tax General Resolution.

NOTICE IS HEREBY GIVEN, with respect to all or portions of certain maturities of the above- referenced bonds identified on Exhibit A attached hereto (collectively, the "Bonds") that (i) the New York State Urban Development Corporation (the "Corporation") has made a deposit pursuant to Section A-1104 of the State Personal Income Tax Revenue Bonds (General Purpose) General Bond Resolution of the Corporation, adopted on November 16, 2009 (the "PIT General Resolution"), with the undersigned in order to defease the Bonds and (ii)the Bonds are deemed to have been paid in accordance with Section A-1104 of the PITGeneral Resolution.

NOTICE IS HEREBY GIVEN on behalf of Broward County, Florida (the "Issuer") that the Conditional Notice of Redemption dated September 1, 2022 relating to certain of the above-captioned Bonds being redeemed on October 1, 2022 is hereby rescinded. Such Bonds shall be subject to conditional optional redemption as described below.

NOTICE IS HEREBY GIVEN on behalf of Broward County, Florida (the "Issuer") that the Conditional Notice of Redemption dated September 1,2022 relating to certain of the above-captioned Bonds being redeemed on October 1, 2022 is hereby rescinded. Such Bonds shall be subject to conditional optional redemption as described below.

NOTICE IS HEREBY GIVEN that there have been deposited with The Bank of New York Mellon, as Trustee under the State Sales Tax Revenue Bonds General Bond Resolution, adopted by the Dormitory Authority of the State of New York (the "Authority") on September 11, 2013, as supplemented (the "Sales Tax Bond Resolution"), monies for the purpose of defeasing all or a portion of certain maturities of the Authority's State Sales Tax Revenue Bonds, Series 2013A, Series 2014A, Series 2015A, Series 2015B, Series 2016A, Series 2017A, Series 2018A, Series 2018C, Series 2018E and Series 2018F

NOTICE IS HEREBY GIVEN tthat there have been deposited with The Bank of New York Mellon, as Trustee under the State Sales Tax Revenue Bonds General Bond Resolution, adopted by the Dormitory Authority of the State of New York (the "Authority") on September 11, 2013, as supplemented (the "Sales Tax Bond Resolution"), monies for the purpose of defeasing maturities of the Authority's State Sales Tax Revenue Bonds, Series 2018D (Federally Taxable) and State Sales Tax Revenue Bonds, Series 2018G (Federally Taxable)

NOTICE IS HEREBY GIVEN that there have been deposited with U.S. Bank Trust Company, National Association, as Trustee under the State Personal Income Tax Revenue Bonds (General Purpose) General Bond Resolution, adopted by the Dormitory Authority of the State of New York (the "Authority") on April 29, 2009, as supplemented (the "PIT Bond Resolution"), monies for the purpose of defeasing all or a portion of certain maturities of the Authority's State Personal Income Tax Revenue Bonds (General Purpose), Series 2012A, Series 2013A, Series 2014A, Series 2014C, Series 2014E, Series 2014F, Series 2015A, Series 2015B, Series 2015C, Series 2015E, Series 2016A, Series 2016B, Series 2016D, Series 2017A, Series 2017B, Series 2017C, Series 2018A, Series 2019D, Series 2019E and Series 2020A

NOTICE IS HEREBY GIVEN that there have been deposited with U.S. Bank Trust Company, National Association, as Trustee under the State Personal Income Tax Revenue Bonds (General Purpose) General Bond Resolution, adopted by the Dormitory Authority of the State of New York (the "Authority") on April 29, 2009, as supplemented (the "PIT Bond Resolution"), monies for the purpose of defeasing all or a portion of certain maturities of the Authority's State Personal Income Tax Revenue Bonds (General Purpose), Series 2013B (Federally Taxable), Series 2019F (Federally Taxable), Series 2020B (Federally Taxable), Series 2021B (Federally Taxable), Series 2021C (Federally Taxable), Series 2021F (Federally Taxable), and Series 2022B (Federally Taxable)

The Investment Company Institute reported $2.034 billion of outflows from muni bond mutual funds in the week ending Sept. 7 compared to $2.594 billion of outflows the previous week.

The statement could be interpreted as also suggesting a restructuring of $242 million in bonds.

A whopping 91% of Bond Buyer California Public Finance Conference survey respondents expect municipal interest rates will end the year higher than current rates and 73% said rates will have the largest impact on the public finance industry in the next two quarters

The SEC has charged Chicago-based broker-dealer Loop Capital with providing advice to a municipal entity without registering as a municipal advisor