General obligation bonds

A mix of broader market dynamics and Chicago-specific pressures is driving the widening spreads, investors said.

Paul Chatalas, director of capital markets for the state, said the six series of bonds drew "aggressive bids."

In a 2-1 vote, county commissioners approved an Oct. 8 competitive general obligation bond sale to keep funding a jail project amid escalating costs.

The proposed $1.3 billion arena would be financed with city revenue bonds, along with county taxes, subject to voter approval, and a team contribution.

Hunt Memorial Hospital District's distressed finances led to downgrades to Ba3 by Moody's Ratings and B-plus by S&P Global Ratings, with both giving it a negative outlook.

Would-be underwriters of the general obligation bonds will be able to see where they've been ranked among all the bids, and to improve their bid accordingly.

The fiscal 2026 budget would increase police and fire funding by $63.1 million as the city works to comply with a voter-approved public safety spending mandate.

Officials are considering selling more voter-approved bonds for the stalled project, which could be jumpstarted with a phased-in construction approach.

City council approval of a five-part bond proposition for the Nov. 4 ballot comes as Denver faces a two-year, $250 million budget shortfall.

The city council signed off on an $810 million debt sale, while it considers asking voters for a property tax rate increase this year to address budget gaps.

Port Freeport's decision to go property tax-free resulted in a revenue bond rating downgrade from S&P and raised disclosure questions.

Hays County will appeal a June 23 court ruling that voided a successful GO bond election while it explores issuing alternative debt to fund road projects.

The city council voted unanimously to hold a special election on an 11-part GO bond proposition, which will be the largest in the city's history.

Soon after it sold $687.3 million of bonds, Chicago returned to market with $82.55 million for housing and economic development in a deal set to close Monday.

Hays County's Nov. 5 election for nearly $440 million of bonds, which won voter approval, was voided by a state judge due to an open meetings act violation.

K-12 public schools get a $55 per-student increase in the state basic allotment, while other funding is allocated to specific purposes.

Bexar County officials passed a resolution related to a potential Nov. 4 ballot measure on venue taxes for a new San Antonio Spurs basketball arena.

The state of Maryland is going to market on Wednesday by selling $1.56 billion of general obligation bonds, which will be the first major sale since the state absorbed a credit downgrade from Moody's.

The rating agency, which gave the state a positive outlook a year ago, upgraded its general obligation rating a notch to AA-plus ahead of a $25 million bond sale.

State officials called the one-notch rating cut to Aa1 with a stable outlook "a Trump downgrade" due to the state's heightened exposure to presidential policies.