Munis

The merger, which takes effect Jan. 1, will combine the firms' public finance practices, which have a current headcount of 29 attorneys.

The developer of a moribund mall in Cape Girardeau is the latest to receive bond-financed support from a local government for some of the costs of its project.

"The sheer magnitude" of this redevelopment project presented a challenge, but it stands a chance of succeeding where previous efforts have fallen short, Clay County Commissioner Scott Wagner said.

An outlook revision to positive for the state's Aa2 general obligation rating comes as a methodology update led to downgrades for certain revenue bonds.

With the Municipal Securities Rulemaking Board's new amendments to Rule G-27 and the future of the tax-exempt status afforded to municipal bonds in the balance, there are many noteworthy policy developments.

The Los Angeles Unified School District bonds carry a sustainability label with a third party opinion from Kestrel.

Moody's has raised the senior bonds to Aa1 from Aa2 and assigned a stable outlook to them.

Litigation filed by environmental groups aims to reverse actions taken by the agency's board since it was restructured by the state legislature in 2022.

The three new hires, two from Nuveen and one from Lord Abbett, will report directly to the fund's manager John Miller.

The top five bond financings came in above $8 billion.

"That's great news, and it reflects the outstanding work and commitment of our city council and my administration to keep Tampa on rock-solid financial footing," said Tampa Mayor Jane Castor.

Two former Congressional staffers offered insight into how the debate may play out, but said the industry needs to be vocal and educate lawmakers how bonds help their district.

Carbon capture and broadband funding stalemated by questions over regulations

The city of Clyde defaulted in August and recently revealed it used debt proceeds for debt payments in a manner that "disguised the deficit cash flow."

The record pace of municipal bond supply this year is driven in part by cities and states realizing projects won't get any cheaper if they wait.

The ratio of local government municipal debt to GDP in aggregate has fallen to around 10% from 20% in 2010.

The University of the Arts, a private college in Philadelphia that abruptly closed its doors in June, filed for Chapter 7 bankruptcy.

"It's great people are thinking about creative solutions, but don't forget the rules still apply," said the SEC's Dave Sanchez.

Up to $182 million of bonds will be issued by a city of Frisco entity to renovate Toyota Stadium, home to Major League Soccer's FC Dallas.