Munis

"It's time for this boondoggle to die," said Transportation Secretary Sean Duffy.

Hays County will appeal a June 23 court ruling that voided a successful GO bond election while it explores issuing alternative debt to fund road projects.

"Most states do not expect to be able to keep key roads and bridges to a state of good repair," said David Draine, principal officer, public sector, retirement systems for the Pew Charitable Trusts. 

A 2024 Illinois law loosened school bond restrictions, allowing districts to authorize some debt without an election. That caused a backlash in one district.

The top 10 underwriters for the first half of the year brought in more than $203 billion across nearly 2,000 issues.

The city council voted unanimously to hold a special election on an 11-part GO bond proposition, which will be the largest in the city's history.

The top issuers for the first half of 2025 put out a combined 89 issuances amounting to more than $39 billion in par value.

The comprehensive federal tax bill President Trump signed July 4 is credit negative for universities, Moody's Ratings said.

Noble Environmental was sued by a shareholder last year in a case that is unresolved as it plans a $250 million tax-exempt debt offering.

New Jersey's Toms River school district was downgraded two notches by S&P after refusing to adopt a budget and discussing bankruptcy.