Munis

Bills have been introduced to eliminate the May election option for local bond and tax propositions, forcing them onto the November general election ballot.

Committees will begin Tuesday to mark up their pieces of the sweeping tax bill, with the key Ways and Means committee session tentatively set for May 12.

S&P revised the outlook for the Maryland Transportation Authority's outstanding revenue bonds to negative from stable due to the timing of the federal funding needed to rebuild the Francis Scott Key Bridge that was damaged by a cargo freighter in March 2024.

Baker Tilly is preparing a $7 billion merger with Moss Adams, another advisory firm. The deal will close in early June.

Losing its 501(c)(3) status could cost Harvard $500 million annually.

The top 10 issuers accounted for $22.12 billion of the total issuance for the year, or 18.7%

Muni advocates resist some of the arguments for eliminating the tax-exempt status of municipal bonds espoused in a new book by infamous Wall Street whistleblower Michael Lissack.

Moody's Ratings cut the issuer rating for the District of Columbia to Aa1 with a negative outlook, which the city CFO blames on federal workforce reductions and weakness in the commercial real estate market.

The escalating dispute between the prestigious issuer and the White House is spooking some bond holders and creating opportunities for others.

The commission also approved converting a GO bond sale from competitive to negotiated.