Investments

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.

Falcone's agenda as president of the group will include tax provisions, subsidies, permit reform and affordable access to credit.

A lawsuit filed by a business group in federal court in August claims a 2021 Texas law violates free speech protections.

The deal is secured with gaming revenue and includes a public-private partnership.

Congress has created recovery bonds for specific disasters in the past, and the CDFA wants the tool to become a permanent private activity bond category.

Moody's also upgraded other Florida locality bonds recently as a result of a revised cities and counties rating methodology.

Municipal investors can expect just shy of $10 billion of new issues from which to choose the first full week of October and the fourth quarter, led by a $1.5 billion taxable general obligation bond offering from New York City. Connecticut is bringing $935 million of general obligation bonds.

Enright's passion for infrastructure and complicated deals led him to the cutting edge of municipal financing strategies.

Research shows that financing sport facilities with public debt often doesn't pay off, the Tax Foundation says.

Santa Cruz, on California's coast, was particularly hard hit by flooding in 2023. In addition to the the I-Bank loan, the city secured a federal loan.

Public policy students will mingle with current municipal finance pros at an upcoming University of Chicago Harris School career forum.

Ports enjoy some of the strongest financial medians among transportation infrastructure assets.

Fears of a Hawaiian Electric bankruptcy abated after a settlement was announced that would cap the utility's liability for the Maui wildfire under $2 billion.

Municipal bond mutual funds saw inflows of $1.879 billion in the latest week, marking the 14th consecutive week of inflows and the highest level of 2024, per LSEG data, reiterating the strong investor support for this market.

Florida's Aaa credit is a factor in all the upgrades, the rating agency said.

A low drama committee may experience some upheaval if Republicans maintain control of the House following the Novermber elections.

The audit comes as Republicans seek to cut funding to Amtrak's funding in the northeast.

This surge in demand "is no coincidence — it's the result of weeks of relentless inflows, further amplified by the Federal Reserve's recent rate cut," said 16Rock Asset Management CIO James Pruskowski.

MMA says some risky-sector issuers in the area hit hard by the hurricane may be pushed into technical or payment defaults.

The biggest theme within the muni market — and what is responsible for its performance — is the amount of cash on the sidelines, with $6-plus trillion in money market funds and close to $2.5 trillion in certificates of deposits, said Julio Bonilla, a fixed-income portfolio manager at Schroders.