Munis

The Turnpike Authority of Kentucky approved a resolution authorizing the issuance of up to $250 million of economic development road revenue refunding bonds.

Nearly half of America's private colleges and universities reported negative operating margins in fiscal year 2023, and the trend was even worse in the Midwest.

The number of distressed charter schools rose to a record in the beginning of 2024 as the sector struggles with the end of pandemic assistance and rising costs.

This volatility can be seen in the whipsawing figures from the SIFMA Municipal Swap Index Yield over the past few months, but in January in particular.

"Even though it is hard to see the market falling out of bed and underperforming in the near term, we are more cautious going into March," Barclays PLC said in a report.

A majority of those polled at The Bond Buyer's 2024 National Outlook Conference also felt issuance would increase moderately this year, to between $400 billion and $450 billion.

A 2017 issuance is in danger of losing its tax-exempt status.

The state expects to release a RFQ for interested consortiums later this year and has named I-24 as the first toll lane project.

Los Angeles alone reported more than 500 mudslides from a storm that deluged the city for days.

PureCycle Technologies announced that its Ohio subsidiary agreed to buy out the holders of $219.55 million of outstanding tax-exempt private activity bonds.

Most tax-exempt tenders saw low participation, which is good news to the taxpayers. The poorer the participation in the tender, the less is the waste from these premature refundings prior to the call date.

The deal may represent a measuring stick for triple-A benchmark yields amid market volatility.

States are considering tolls, public-private partnerships, per-mile usage fees and even retail delivery fees to shore up transportation funding among a declining motor fuel tax.

Proponents of the proposed bond-financed 86-mile railway in northeast Utah are hoping Congress or a U.S. Supreme Court review can advance the project.

A call to action for the $4 trillion municipal bond market.

The top three co-managers have an average dollar volume of more than $11.7 billion as of the end of December 2023.

Mr. McManimon worked extensively in analyzing, developing and implementing financial plans for redevelopment areas throughout New Jersey.

The Education Finance Council is seeking clarification on bond rules related to student loans.

Financing for the $2.1 billion Calcasieu River bridge includes a mix of state funds, federal grants and bonds, which will hit the market in early April.

The court is considering whether the original PREPA trust agreement gave bondholders a lien on all revenues, which they argue should extend beyond the debt restructuring, or only on the money the authority deposited in its reserve fund.