General obligation bonds

State agencies expect to issue about $14.42 billion of debt during the fiscal year that began Sept. 1.

The highly-rated city wants to pursue general obligation bond programs every five years to fund capital projects for its growing population.

The Internal Revenue Service has closed its examination of Burlington's taxable Qualified School Construction Bonds with no change after requesting a use of proceeds earlier this year

A study commissioned by Orem, Utah, found that creating a school district within the city's boundaries is feasible.

Proceeds from the sale of the $406 million of general obligation bonds will fund infrastructure projects including roads, parks and recreational facilities.

San Antonio and Fort Worth voters approved bonds, while a few school districts stumbled, particularly with projects unrelated to academics.

Goldman Sachs has joined three other top bond underwriters that haven't done Texas deals under a state law targeting firms with perceived anti-gun policies.

While June was lower than 2020 in par, pandemic-related factors skewed last year's issuance totals, making the $42 billion issued this month high on a historical basis. Outside factors, such as federal aid and potential infrastructure plans, may affect issuance going forward.

The municipal market can best be described as a "Goldilocks market" due to accommodative federal monetary policy, strong demand and limited supply, bond director Ben Watkins told the Cabinet.

In unofficial election results, four Virginia cities appear to have won approval to open the state's first casinos; a dozen bond referendums won tentative approval.