General obligation bonds

The rating agency said the district's strong management helped boost its ratings ahead of an $806 million bond issuance slated for Jan. 22.

The largest issuance the Local Government Commission approved was $387 million of bonds for Mecklenburg County.

Prolific debt issuance by Texas school districts, state issuers, and others drove muni volume to a state record in 2024, easily surpassing 2023's $59 billion.

Ohio legislators plan to vote Wednesday on a resolution that would put a $2.5 billion general obligation bond measure on statewide ballots May 6.

The county commission, which sued Oklahoma City in June over its denial of permit for the jail site, is pursuing a possible settlement.

The county is reviewing responses to a request for proposals to help fund construction of a replacement jail through a bond-financed lease-purchase arrangement.

Omaha voters approved six general obligation bond measures totaling $333.4 million last week, none of which required a tax increase.

Cleveland returns to market Wednesday in the first of two bond deals this month. That $64.4 million GO deal funds public parks, bridges and road improvements.

The city of Clyde defaulted in August and recently revealed it used debt proceeds for debt payments in a manner that "disguised the deficit cash flow."

The districts, which finance public infrastructure for housing developments, are dealing with limited revenue growth and state actions to cut property taxes.

Fitch also upgraded the city's Georgia Municipal Association certificates of participation (city of Atlanta public safety projects) to AA-plus from AA.

The high-grade issue is expected to be well received by the market. D.C. joins a growing list of issuers refunding outstanding BABs amid lower rates.

The one-notch general obligation and certificates of participation rating downgrades resulted from the application of Fitch's updated criteria.

The bonds, expected to be rated Aa2 by Moody's, will will be among the earliest general obligation bonds sold by Kentucky school districts since the state passed a law in April allowing such debt by school districts.

Municipal bond market participants say a proposed constitutional amendment targeting property tax revenue would increase borrowing costs and lead to litigation.

Texas' largest school district, which was taken over by the state last year, is seeking voter approval for bonds for the first time since 2012.

State Treasurer Dale Folwell wants to know if Cabarrus County will have voters vote on bonds in the future through general obligation referendums.

The Omaha City Council approved placing a $333.4 million GO bond deal on the Nov. 5 ballot.

The July 31 arrest of Eduardo Ramos, who submitted his resignation July 23, was not related to his job, according to the school system.

The mayor and controller debated the causes for the rating outlook revision to negative from stable ahead of a July city bond sale.