Investments

The Chicago Board of Education passed an amended fiscal year 2027 budget Thursday that assumes $150 million in additional funding from the state.

Issuance was $44.928 billion in 694 deals, down 19.8% year-over-year from $56.055 billion across 860 transactions.

Although the proposal ultimately didn't become law, that disconnect created an attractive entry point for investors because prices reflected tax policy fears — not deteriorating municipal credit.

Philadelphia has spent the last decade building up its reserves and pension funds. A state oversight board says it can keep doing so for another five years.

After the week's losses, August could kick off with a "buyer's market" for munis, Peter DeGroot wrote for J.P. Morgan.

Analysts say the drought, which is expected to continue for at least several months, could have economic impacts.

Maryland has inked an $85 million deal to secure the rights to the Preakness Stakes by authorizing the Maryland Economic Development Corp. to issue revenue bonds to fund the sale.

President Trump took center stage at the announcement of $20 billion of upgrades to Washington Dulles International Airport, but financing was left to munis.

A California-based technology company was early in the contract phase of acquiring land in Oregon's capital city to build a data center.

With longer-term municipal bond yields falling, there's less of an incentive to issue tender option bonds, analysts said, but a market remains. 

The planned Sites Reservoir project in California faces financial uncertainty as officials await a regulatory decision about its usable water supply.

Wednesday's FOMC meeting helped sparked a selloff in U.S. Treasuries. On Thursday, it was the muni market's turn to react, MMA's Kevin McGuigan said.

PREPA bondholders asked the court to allow actions against Puerto Rico's central government, which they say undermined the authority's ability to pay its bonds.

Acting Chief Financial Officer Steven Mahr and Deputy CFO Noor Shaikh left Chicago Mayor Brandon Johnson's administration as internal battles became public.

Carey R. Troell has rejoined Greenberg Traurig as a shareholder in its Houston office, the law firm announced this week. 

The Oklahoma Council of Bond Oversight approved up to $2.9 billion of bonds to continue financing of a turnpike expansion program and to refund outstanding debt.

This acquisition provides ICE's platform with more influence over the fixed-income marketplace.

Jonathan Fiebach, David Womack, Elizabeth Coolidge and Jeff White have each been elected to serve a four-year term beginning on Oct. 1

The city brings $122.2 million of GO bonds to market next week, believing its investment-grade ratings outweigh the defaults of the Puerto Rico government.

The muni market is enjoying more favorable tax-exempt yields, NewSquare Capital's Kim Olsan said; they may be helping the market ignore the fallout from the FOMC meeting.