Office sectors in some Southwest cities, including Houston, are stressed due to elevated vacancy rates that may lower assessed values and property tax revenue.

"There is no doubt that inflation has had an impact. It's important that we continue to ensure that everyone working in New Jersey has access to a livable wage," said Gov. Phil Murphy.

The muni market finances the "fabric of our nation, and now, because of Citi's exit, the cost of financing for state and local governments is going to go up," a sell-side source said.

"The big question is: who's next? I don't think UBS is the end," said a veteran sellside market participant.

A U.S. Bankruptcy Court hearing Monday will take up the university's winning bid for Mercy Hospital at last week's reopened auction.

Leaders of the African-Americans in Public Finance and Latinos in Public Finance hope to mirror the success of the Asian affinity group, the largest such assemblage.

Muni Pride partners with Women in Public Finance-Chicago, GFOA and NABL on two separate Chicago events.

Meaningful progress on DEI initiatives has a real effect on the workforce. We examine the dynamics that drive this conclusion and what it means for companies.

Escalating operating losses led to bond rating downgrades for Wise Health System ahead of its potential acquisition this quarter.

"That puts us well on our way to hitting our ambitious goal of $25 billion awarded to MWBEs by 2026," said New York City Mayor Eric Adams.

Labor costs and inflation weigh on hospitals, but improvement may be on the horizon.

In the first half of the year, private-sector jobs in the Big Apple surpassed pre-pandemic levels as payroll gains outperformed the national growth rate. However, Mayor Adams says there is one big problem that "will destroy New York City."

The 17 struggling hospitals awarded loans through the program serve low-income and elderly patients or are located in underserved areas.

Eskaton, a northern California-based not-for-profit, is spinning off the trio of healthcare facilities to stem fiscal bleeding, and focus on its strengths in the senior-living sector.

Trinity Regional Hospital Sachse filed for Chapter 11 bankruptcy after problems left it unable to pay municipal bond debt service or cover operating expenses.

The upgrade to "reflects the durability of margins and liquidity, which will be supported by higher property tax receipts under the authorized levy and NBHD's efforts to grow and diversify revenue," Moody's said.

For the three-month period ending June 30, the fund's investments returned about 3.08%.

"Weaker performance is in part driven by higher permanent labor costs," Moody's said. "These elements highlight rising human capital and financial strategy risks under Moody's ESG classification and are key drivers of this rating action."

Mercy Hospital plans to sell facilities and other assets to the University of Iowa, which approved $20 million for the acquisition.

American Advanced Management signed a letter of intent for a lease-to-buy agreement for Hazel Hawkins Memorial Hospital in Hollister.