Climate change

The potential timing for a water supply emergency, which had been projected for December, was pushed nine months into the future with the help of rainfall.

The Texas city's $115 million general obligation bond sale comes as a water supply emergency and potential further negative rating actions loom.

Pooling local projects and slicing up risk could open the door to more private capital, a researcher said.

While the city projects a water emergency, capital costs in the state's latest water plan skyrocket and demand exceeds capacity in a state financing program.

Water supply woes continue to weigh on the Texas city's bond ratings, which have been hit with multi-notch downgrades and negative outlooks.

The long-discussed pieces of the budget — a "pied-à-terre" tax, climate law changes, and higher education spending — have finally come together. 

The counties with the greatest exposure lie along the coasts of Florida, Louisiana, South Carolina and Texas.

Proposed FEMA reforms could further increase financial strain for state and local governments after natural disasters.

The Texas city's projected Level 1 emergency — indicating water supply is 180 days from not meeting demand — was moved to December from September.

The loss of land to the sea in southern Louisiana over the next few decades places more than 1 million people in harm's way, the academics say.

The Texas city, which has been hit with rating downgrades due to a looming water supply crisis, plans to sell up to $728 million of bonds.

The drought-stricken Texas city's utility system rating was cut two notches to A, marking a continued downward trend in its credit quality.

Fitch, Moody's, and S&P were sent a letter from 23 GOP state attorneys general over the use of ESG factors related to fossil fuel in negative rating actions.

While the state is most concerned about stopping the fires, credit rating agencies are monitoring the situation.

Researchers examined more than 580,000 municipal bond issues and say the data shows communities with higher wildfire risk pay higher interest rates.

The Texas city's latest projection for the onset of a Level 1 emergency comes as water woes spurred rating downgrades and negative outlooks since last fall.

The rating agency's previous review of the Texas city resulted in downgrades in December over increased credit risk due to water supply woes.

The Texas city is facing a potential level 1 emergency, indicating the water system is 180 days from supply not meeting demand.

Upper and Lower Basin states are at odds over post-2026 operations for the drought-stricken river, raising litigation risks and highlighting credit uncertainty.

FEMA must speed its very slow disbursement of aid, many observers say.