Investments

The Oversight Board seeks to recover $1.42 billion in fees on bond deals and interest rate swaps.

Low temperatures in Mississippi's capital on Christmas Eve caused pipes to burst across the city. Utility crews are struggling to make repairs.

The organization is focused on some key muni priorities with the new year and new Congress.

California's state water board asked IBank to issue $650 million in water revenue bonds.

The administration gave priority to large bridge projects that are ready to proceed with construction.

While the turnpike authority is mulling an appeal of an Open Meeting Act violation judgment, lawyers for property owners are preparing to sue over money paid to contractors.

The Municipal Securities Rulemaking Board seeks four board members, particularly searching for an investor.

Some industry observers still question the need for machine-readable municipal disclosure.

Passenger counts at the three airports were higher in November than in November 2019, marking the first month they beat a pre-pandemic comparison.

The muni market "is being teed up to enter 2023 from a relative position of strength," said Jeff Lipton, managing director of credit research at Oppenheimer Inc.

Net revenues for September and October came in 12.3% above budgeted projections.

The county close a private partner as it seeks to establish microgrid districts with the goal of promoting economic development and achieving climate change goals.

Strong 2021 contribution levels continue a trend that began with pension reforms made in the wake of the Great Recession.

"I think the bond market is right, a recession is coming," said Liz Young, head of investment strategy at SoFi, "and the economic indicators reinforce that message."

The muni market saw $384.086 billion of debt sold in 2022, nearly $100 billion less than $483.234 billion in 2021.

"Bond investors bid a not-so-fond farewell to 2022 as they look forward to a much more attractive 2023," said Bryce Doty of Sit Investment Associates.

IDE Technologies proposed a privately financed project to bolster Arizona's water supply by delivering desalinated water from Mexico to the state via a pipeline.

If the USVI closes the deal, it would mark only the second long-term lease of a U.S.-based airport, after Puerto Rico's Luis Munoz Marin International Airport.

The Securities and Exchange Commission's Public Finance Abuse Division began looking in new directions, charging five different firms with violating 15c2-12 limited offering exemptions in addition to going after issuer officials.

Because I-75 is a key freight corridor from Florida to Canada, impacts from traffic congestion affect commercial and commuter traffic up and down the East Coast.