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The state has an estimated $31 billion budget surplus to work with as the governor preps this fall for his January budget reveal, the Legislative Analyst’s Office said.

The U.S. DOT wants to make applying for grants in the $1.1 trillion infrastructure bill as easy as possible. More than 40 new programs will be created under the new law.

The Municipal Securities Rulemaking Board’s new report on the use of internal and external liquidity in the municipal bond market shows that for transactions under $100,000 external liquidity has steadily increased since 2011.

The debt-averse state's long-term management of its finances and recent growth earned it a triple-A rating from Fitch.

Daily report for November 18, 2021

The board says the judge's ruling on the issue will determine whether it withdraws the Plan of Adjustment.

The Investment Company Institute reported $1.608 billion of inflows into municipal bond mutual funds for the week ending Nov. 10, up from $657 million a week prior.

The massive Chicago-based system that operates in 21 states scored a ratings boost from S&P and a revised outlook to positive from Fitch.

The tender/exchange offer is built into a more than $1 billion refinancing the city plans to price in early December.

The state is selling $1.2 billion of GOs, and a recent deal from Vicksburg highlights a structure that makes a difference to the state's local governments.

The Municipal Securities Rulemaking Board will begin accepting applications for two public and two regulated representatives to join its 15-member board.

While opportunities exist, investors should still monitor economic and market developments as they search for value in the final weeks of the year, experts said.

Daily report for November 17, 2021

A large new-issue calendar began pricing in the negotiated and competitive markets, with a few deals bumped off the day-to-day calendar.

Treasury may have some leeway when interpreting the new tax and buysiders say it's unlikely to hurt demand even if it becomes law.

Illinois local governments weighed down by rising public safety pension contributions are turning to pension obligation bonds.

The Oversight Board argued legal issues with bondholders, pensioners, credit unions, and others at Monday's Plan of Adjustment confirmation hearing.

State economies are generally stronger than anticipated in the first half of 2021.

Federal Reserve Bank of St. Louis President James Bullard said the central bank should speed up its reduction of monetary stimulus in response to a surge in U.S. inflation.