Investments

Reduced ridership, political backlash, and zero-fare agencies are challenging transit system finances.

"I think your first question to them should be 'Are you from the future?,'" the deputy director of the SEC's Office of Municipal Securities said.

Issuance this year has been "relentless" since the start of the year, while historically the "new-issue machine" takes a while to get rolling, said Scott Diamond, co-head of AM Municipal Fixed Income at Goldman Sachs.

GFOA Today 2025, day 2

Questions over what to disclose in the bond document's risk section has concerned issuers for years, through issues like the pandemic to climate change, and now potential federal funding cuts.

This week has the July 4th holiday, with only $2.5 billion on tap in the primary bond market, though investors have tens of billions in reinvestment cash.

The budget is a good sign, analysts say, and may be a first step towards ultimately ending the Oversight Board's authority over the territory.

University of Virginia president James Ryan resigned under White House pressure as the Trump administration pushes higher education to comply with its ideology.

The Senate advanced the One Big Beautiful Bill Act through a procedural vote, opening the legislation for debate followed by Monday's vote-a-rama.

GFOA Today 2025, day 1

The guidance comes as the tender market has grown from zero to $48 billion since 2019.

Working out the differences between the Senate and House budget bills might result in lawmakers reaching for ways to pay for extending tax cuts and finance new programs which could put tax-exempt munis back on the negotiating table.

A change in leadership at the Government Finance Officers Association comes on the heels of an all-time record membership level.

Issuance for the week of June 30 is estimated at $2.495 billion, with $2.039 billion of negotiated deals and $456.3 million of competitive deals on tap, according to LSEG.

Hamilton County, Ohio, announced a deal Thursday to pay $350 million in county funds toward the $470 million cost of renovations to Paycor Stadium.

Damages awarded to the developer are several times tiny Cle Elum's $5 million general fund budget for 2025.

A Kansas state legislative council will meet next month to keep a 2024 bond-financing law alive at the request of the Missouri-based Kansas City Chiefs.

Sacramento Municipal Utility District officials credit the Kestrel green verification for attracting a new buyer to its commercial paper.

Downtown College Prep, a charter school operator in San Jose, defaulted on $34 million of municipal bonds, citing the area's dwindling number of children.

Investors added $79.6 million to municipal bond mutual funds in the week ended Wednesday, following $110 million of inflows the prior week, according to LSEG Lipper data.