Finance, investment and tax-related legislation

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

Fitch said it expects the law will spur more public power borrowing for clean energy facilities.

Climate science data that guides where and what to build will be key to effective use of new federal dollars.

The Inflation Reduction Act's changes are significant enough that they will be featured in the banner at the top of the offering statement.

The 15% corporate minimum tax may hurt the muni market the most during outflow cycles by cramping demand and leading to higher borrowing costs for states and cities.

Democrats say the $740 billion legislation would mark the largest climate change mitigation investment in the country's history.

States and localities are in line for clean energy funding, some of which builds on grant programs in the bipartisan infrastructure law.

Issuers praised the bill's climate provisions while muni market participants said it's unlikely to significantly hurt demand for tax-exempt paper.

Republicans, who argue pandemic aid is partly to blame for inflation, have said the large aid packages came with too few guardrails.

The latest Congressional effort challenging the state and local tax deduction cap would stop the IRS from restricting state legislation that offsets the policy.