Investments

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.

Speakers at the LGBTQ+ History Month mixer pushed back against attacks on diversity.

The board kicks off the new fiscal year with a new budget, a 2.9% increase from the prior year.

Through the integration, Investortool's clients can calculate analytics based on predictive trade levels, filter the live market based on "what's rich or what's cheap" compared to the predictive price and power automation, said James Morris, senior vice president at Investortools.

The U.S. District Court for the Southern District of California entered a final judgment against Matthias O'Meara and Choice Advisors, fining them $312,572 and $187,337, respectively.

The Ohio Water Development Authority planned to sell $400 million of new money bonds in addition to a refunding driven by a tender offer.

The larger supply calendar should be "taken down well given the persistent inflows into our market and investors are still sitting on plenty of cash," said Daryl Clements, a municipal portfolio manager at AllianceBernstein.

The California State School Board Association has sued over an education funding work-around included as a trailer bill in the budget.

The Texas city expects to finance 72% of the expansion program, which includes an arrivals and departures hall, with general airport revenue bonds.