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Some critics say relying on federal aid may obscure the underlying problems Puerto Rico faces in the longer term as it emerges from bankruptcy.

Daily report for March 25, 2022

Outflows continued, with Refinitiv Lipper reporting investors shed $1.503 billion from municipal bond mutual funds in the week, following outflows of $2.136 billion in the previous week. High-yield saw small inflows.

Illinois lawmakers are advancing a bill that allocates $2.7 billion of the state's ARPA relief to pay down a $4.5 billion federal unemployment insurance loan.

Senate Banking Chair Sherrod Brown said Thursday he expects a Senate vote next week to confirm President Biden’s Federal Reserve nominees, though the timing may be affected by GOP opposition to Lisa Cook, who would be the first Black woman on the Board of Governors.

Gov. Phil Murphy proposes to make an additional $1.3 billion deposit into the state’s Debt Defeasance and Prevention Fund.

The Memphis-based investment bank launches a new office with two municipal professionals on board.

A large portion of Long Beach's downtown has been reshaped using public-private partnerships that delivered a new state courthouse and a city civic center.

Daily report for March 24, 2022

Nuveen is asking a judge to toss Preston Hollow Capital's defamation claims as a summer trial looms.

Davey will oversee operations for the city’s subways, buses, paratransit services and the Staten Island Railway.

Any new debt deal already would require rate increases to cover debt service on the authority’s roughly $9 billion of debt.

More outflows from municipal bond mutual funds were reported as bid lists surpass $1 billion 22 times in 2022.

Bondholders will vote on a Chapter 9 bankruptcy exit plan that would pay full principal and interest on Atoka County Medical Center bonds.

For investors who want a customized portfolio and a greater ability to control taxable events, SMAs may be the product they're searching for.

The 20% rise is higher than the city’s forecast of a 15.7% gain and this may help the Big Apple see better-than-expected income tax revenue.

Mayo is publicly offering $516 million of tax-exempt bonds and privately placing $200 million of taxables.

New York State Comptroller Thomas DiNapoli and city Comptroller Brad Lander lauded the SEC’s proposal, saying environmental transparency is beneficial to the state and city pension plans.

The state under transportation secretary Shawn Wilson is gaining a national reputation for pursuing P3s for tolled bridge replacements.

The California Health Facilities Finance Authority will price the final authorization of $1.05 billion from the $2 billion program on Tuesday.