Investments

A compromise over the weekend resulted in a continuing resolution, keeping federal money flowing to states and localities.

The Municipal Securities Rulemaking Board's FY 2024 budget represents a 4.8% increase over the prior fiscal year.

"We were pleased to achieve such strong results, especially in light of the recent volatile market conditions," said Philadelphia Treasurer Jacqueline Dunn.

City voters will decide Dec. 12 on a proposed one cent, six-year sales tax to fund an at least $900 million arena for the NBA's Oklahoma City Thunder.

This fiscal 2024 report provides a closer look at the stewardship of our reserve funds and how we plan to allocate technology resources in the year ahead to deliver value to our stakeholders.

Spartanburg, South Carolina inked a $425 million deal that will build a single-A baseball stadium and surrounding residential and commercial development.

The Bloomberg Municipal Index and High-Yield Index lost 3.3% and 3.9%, respectively, in September.

September's total volume ticked up 1.2% to $27.585 billion in 531 issues from $27.251 billion in 592 issues a year earlier. However, the month's total is lower than the $30.652 billion 10-year average, according to Refinitiv data.

California lawmakers have asked the state Supreme Court to block a ballot measure that would radically alter the state's tax structure.

The Amtrak-Texas Central proposal to build high-speed rail between Dallas and Houston would take land "from American citizens and put it under the control of a Japanese company," a pair of Texas Republican representatives told the FRA.

Ed Koch, the late mayor of New York, used to ask residents "How am I doin' ?" The Citizens Budget Commission plans to do that this fall with a survey.

Dustin Avey and Jeremy Garber were named co-heads of public finance; Fairman, a 40-year veteran of the firm, will remain in an advisory capacity into 2024.

The last time muni mutual funds saw outflows top $1 billion was the week ending May 31 when they were $1.345 billion.

CEO Andrew Smith says authority is taking steps toward settling its outstanding debt.

Bonds tied to Destiny USA in Syracuse were cut deeper into junk by Moody's Investors Service on doubts about its ability to extend an outstanding loan.

"The major question is whether a shutdown is going to result in a ratings impact in the municipal market, and the answer here is no," said Jennifer Johnston, director of research for Franklin Templeton's fixed income-municipal bond team.

The city plans to refund the privately placed special tax revenue obligations with long-term bonds in 2024.

California priced $625 million in State Public Works Board lease revenue bonds this week.