Munis

The collapse of Sprit Airlines spills into the South Jersey Transportation Authority as Fitch Ratings places its revenue bonds onto a negative watch status.

The constitutionality of a state law that threatens outstanding bonds issued for a detention facility is being challenged by the U.S. Department of Justice.

"I think any effort to make reporting less frequent is a step backwards in transparency," NFMA's Mary Francoeur said.

The mayor's plan to balance the fiscal 2027 budget relies heavily on proposed revenue-raising moves involving the combined utility system enterprise fund.

"I don't mind owning a railroad for $2.4 billion," said Assured CEO Dominic Frederico.

The Manhattan-based Ivy League university reached a settlement with the federal government last year. It is selling $487 million of bonds this month.

Public finance professionals need to contemplate uncertainty as they work with municipal issuers to help them plan and meet their needs.

FEMA reform has stopped and started on Capitol Hill as local governments welcome a rule requiring the agency to build a dashboard to track the flow of disaster recovery funds.

The rating agency cited an improving governance profile, which incorporates a trend of budgetary reserve fund maintenance and increasing pension contributions.

The Michigan Strategic Fund board approved a plan to issue $150 million in private activity bonds for developer Bedrock's Detroit development projects.

McKinney, Texas, is fighting a challenge to a refunding of sales tax-backed bonds sold for a commercial airline service project at its general aviation airport.

The drought-stricken Texas city's utility system rating was cut two notches to A, marking a continued downward trend in its credit quality.

Muni advocates are actively working on championing a bill that would address a wish list of provisions designed to boost bond sales.

PFM sees the expansion as a way to strengthen its position.

The ratings agency cited the school's compressed operating margins in recent years.

The biggest-ever bond referendum in Texas was passed Saturday for Dallas schools, while voters in only one city chose to leave Dallas Area Rapid Transit.

Larry Rolapp helped grow Fieldman, Rolapp into a mainstay of California's municipal bond industry.

Doubts are emerging on Capitol Hill about when a surface transportation reauthorization may arrive and what effect, if any, it will have on the beleaguered Highway Trust Fund.

Municipal bond issuance was $47.6 billion in 797 deals for the month, down 7.8% year-over-year but still the third-biggest April in history.

The department has hit its $30 billion limit on transportation private activity bonds and there's a large pipeline of public-private partnerships across the country.