Munis

A city council committee received staff recommendations to fully fund the Police and Fire Pension System within 30 years.

A pair of muni market experts propose cities and towns borrow through state-based, credit-enhanced bond banks to make the market more efficient.

"For each May dating to 2021, the average 30-year MMD was 2.74% — or 122 basis points below the current yield," FHN Financial's Kim Olsan said. "The recent adjustment offers better investor value."

Like many higher education institutions, the university's financial woes started when enrollment dropped thanks to the COVID-19 pandemic.

Local rainfall standards, which affect the design of everything from roads to bridges and stormwater systems, offer a clue whether a city or state is taking infrastructure resilience seriously. Outdated standards remain in many areas, like in the Pacific Northwest.

CPS Energy, which provides electricity and natural gas in the San Antonio area, has a $1.05 billion revenue bond issue pricing in early June.

A strong project pipeline has P3 advocates hopeful for the future, despite some lackluster recent numbers.

Its state university systems face a funding freeze for noncompliance with a 2023 state law banning diversity, equity, and inclusion offices.

The $684 million turnpike deal is one of a spate of recent forward delivery deals driven by interest rate uncertainties. 

The median time for issuers in all municipal bond sectors to produce audited financials rose nearly 10.5% from 2011 to 2022, according to a new report.

The measure "sets the table for a likely big tax bill next Congress," said Charles Samuels of Mintz Levin.

Enviva's $353 million in tax-exempt bonds currently are among the liabilities at stake in the company's Chapter 11 bankruptcy.

President Biden promises the Feds will pay to rebuild the Francis Scott Key Bridge.

The ASCE in a report analyzing future infrastructure needs says it will take a mix of public and private funds to narrow the funding gap.

Charter schools had the most impairments in the past 12 months.

In a new debt profile report, the Comptroller Thomas DiNapoli says the MTA will be pressured if congestion pricing tolls in Manhattan are blocked.

Even as Florida advances a pair of bills expanding the state's already broad public-private partnership authority, the P3 message from the state's debt office appears less than enthusiastic.

More than $17 billion of general obligation bonds piled onto May 4 election ballots in the state, with voters passing some of the biggest, including Dallas' $1.25 billion, 10-part package.

A $327 million competitive bond deal, including $35 million of taxables, will fund renovations to the stadium and a new football operations building.

A supply surge hits the market as The Bond Buyer 30-day visible bond volume ticks in at $17.67 billion, $10 billion of which will come the first full week of May, just as macroeconomic data moves all markets to rally.