Investments

The co-founder of the public finance practice at the firm that still bears his name has died at 96. He helped set the firms on its path to success.

The availability of higher yields has brought some investors into the market — even though volume in the primary and secondary markets are on the thin side and the municipal market is a bit of a mixed bag right now.

Chicago's school district will tap its investment-grade dedicated capital improvement tax credit for the first time in five years in a $529 million deal.

The bond trustee has said treating bondholders differently violates the bond's trust agreement and makes the plan of adjustment unconfirmable.

The Internal Revenue Service challenged the status of Hampton County School District's $14,000,000 general obligation Qualified School Construction Bonds.

Gov. Ron DeSantis on Monday signed the bill to rename the Reedy Creek Improvement District and end Disney's self-governance. Separately, the Legislature will look at prohibiting the issuance of environmental, social and governance bonds and using associated ratings.

Legislation barring government contracts with companies that engage in a growing list of "boycotts" in their business dealings has popped up in several states.

The IRS has published its final regulations on e-filing of Form 8038-CP and will require electronic filings beginning with returns filed after Dec. 31, 2023.

Investors will be greeted Monday with a new-issue calendar estimated at $4.098 billion.

Terminal 6 is the fourth big terminal project at New York City's international airport that will create a "modernized global gateway," said Gov. Kathy Hochul.

The Office of Recovery Programs Contact Center helps municipalities with American Rescue Plan Act funding questions.

Moody's and S&P also warn of the potential for further downgrades; UC Health has begun to implement financial turnaround strategies amid operating losses.

The idea for a national infrastructure bank has resurfaced in Congress, with advocates saying it will attract private equity and pension funds to fill a gap that federal money can't address.

Law firm Greenberg Traurig expects to grow its public finance footprint in Texas with the addition of five lawyers.

Economists' quarterly forecast estimates lawmakers will have nearly $696 million more to spend than anticipated and taxpayers will receive $3.9 billion through the state's kicker rebate.

A spate of derailments is a unique issue for the Washington Metropolitan Area Transit Authority amid the challenges all transit agencies face post-COVID.

The federal government has set aside $12 billion to help rebuild Puerto Rico's grid. If used effectively to rebuild a greener and more resilient grid, this federal lifeline can be a substantial downpayment toward affordable, reliable, cleaner energy for Puerto Ricans.

Natural gas is generally expected to face a bleak future as governments focus increasingly on carbon reduction.

An improving tone was apparent in the municipal market midweek — after a topsy-turvy ride last week when the market saw a close to 50-basis point adjustment to the front end of the triple-A municipal yield curve.

Earlier in the pandemic, bond values showed a greater divergence among local government issuers tracked, but that has reverted to pre-pandemic levels, although work-from-home and other uncertainties still take a toll.