Investments

Iowa has the largest number of poor bridges, followed by Pennsylvania and Illinois.

Chicago released a budget forecast that its corporate fund deficit will grow to $982.4 million in 2025 from $222.9 million at 2024's end.

The governor says borrowing $50 million is "imperative" but the senate majority leader says "continuing to borrow is not the answer."

Few in the municipal bond industry have had as far reaching an impact on the institutions, best practices and local developments the way Kenneth Lind, the longtime point man for the Metropolitan Transit Authority, has both as in house and outside counsel.

Subsidence has delayed completion of the new Belle Chasse Bridge, a project led by one of the developers of the $2.3 billion Calcasieu Bridge project.

South Dakota voters will have the opportunity to end the state tax on groceries this November.

Most weeks in September are expected to see around $10 billion of issuance, which could easily grow if a prepaid gas deal is thrown into the mix, said Jason Appleson, head of municipal bonds at PGIM Fixed Income. Bond Buyer 30-day visible supply sits at $16.46 billion.

"Employers were more selective with their hires and less likely to expand their workforces, citing concerns about demand and an uncertain economic outlook," the report said.

General fund revenue growth of only 1.1% in the fiscal year that ended Saturday, marks a continued slowdown since fiscal 2022's 26.4% increase.

The state Supreme Court will determine if the Granite State's property tax-based school funding is constitutional. 

AHCIA has languished since 2016 — is it time to consider alternatives?

Joan Stern, a legend in public finance law in Philadelphia and Pennsylvania, is a member of The Bond Buyer's 2024 Muni Hall of Fame class.

Illinois will sell up to $1.1 billion of general obligation refunding bonds and $600 million of taxable and tax-exempt GO bonds by the end of September.

Summer redemption season has ended, and "without the huge amounts of maturing and called bond principal flowing back to investors, demand in the last months of the year will be more reliant on new money coming into the market than it was in June, July and August," said Pat Luby, head of municipal strategy at CreditSights.

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

The state agreed to pay $350,000 to settle a sexual harassment suit against Treasurer Fiona Ma.

S&P cited increased near-term capital needs in explaining the lowered outlook.

As extreme weather events occur with more frequency across the country, Michael Gaughan, executive director of the Vermont Bond Bank, says municipal bond banks can help smaller communities deal with the effects of them. Gaughan speaks with The Bond Buyer's Lynne Funk on the effects of climate change and how the various levels of government can work together to address it.

The Dallas-Fort Worth region toll highway owner and operator aims to rake in savings from the deal as it expects to cash fund a $2 billion capital plan.

Investors will see more than $7.8 billion of supply to start off September, following a record issuance month in August. The calendar is led by the North Texas Tollway Authority's $1.126 billion of system revenue refunding bonds while high-grade Massachusetts leads the competitive slate with $850 million of exempt and taxable general obligation bonds.