Investments

A state judge ordered the Arizona Legislature to enact a system for funding public school facilities that is constitutional and set a timeframe for compliance.

Brightline asked S&P to withdraw its rating after the latest downgrade.

Jeffrey Puzzullo is the fourth person to plead guilty in the now-notorious Legacy Cares case.

Ratings analysts have thrown out warning flags about California schools, but a buyside analyst says they are a good investment.

Market technicals should weaken this month in line with seasonal expectations, with estimated redemption capital of $32 billion compared to estimated supply of $41 billion, said Appleton Partners strategists.

Could they affect state lottery-backed bonds?

The New Jersey Turnpike Authority will build a bridge half the size it once planned, providing budgetary savings of $4 billion. 

Market Intelligence analyst Jeff Lipton distills what he heard onstage and in the hallways at The Bond Buyer's 2026 National Outlook, from policy uncertainty and the muni tax exemption to AI's growing role and credit risk hotspots.

Moody's cited the district's narrowing financial position as its available fund balance sank to 4.8% of revenue in fiscal 2025.

Glen Carbon, Illinois, has applied to host the state's first NOVA district, a bigger version of a STAR bond district, to support a big mixed-use development.

Rapidly rising property values have led many Republican legislators to back measures that would substantially reduce local government property taxes.

With USTs stable and the "snoozer" of economic data Wednesday morning, the muni market has settled, with muni yields little, said Jeff MacDonald, EVP and head of fixed income strategies at Fiduciary Trust International.

The California complaint was filed 12 years ago.

As the next surface transportation reauthorization bill takes form in Congress, the transit sector is making a case for its slice of the pie and expanding the use of private activity bonds.

The federal government's attempt to end congestion pricing has been thwarted. Other challenges to the program remain.

Minnesota lawmakers hope to pass a major bonding bill this year as they face $5 billion of requests from local governments and state agencies.

"Once the damage is done, it takes a little longer for it to come back," said Elaine Brennan, executive director of the public finance department at Roosevelt and Cross, of the muni market.

The California High-Speed Rail Authority's draft business plan was met with a mixture of cautious optimism and sharp criticism.

A lawsuit claims Texas Acting Comptroller Kelly Hancock illegally removed minority- and women-owned firms from a program created by the state legislature.

Chicago returns to market March 10 with $800.29 million of general obligation bonds, following bond rating downgrades from Fitch Ratings and KBRA.