Munis

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

Moody's has downwardly revised the outlook for Baltimore's issuer rating and several classes of bonds due to a trend of declining fund balance levels in a city dependent on a major international shipping port.

Michigan's Great Lakes Water Authority went to market in June with roughly a billion dollars of bonds, part of a complex transaction that included a tender.

School districts across Missouri face uncertainty over certification of their bond measures in light of a statute requiring a precise public notice window.

Without the increase U.S. Virgin Islands matching funds bonds would have defaulted in the next few years, some observers said.

A New Jersey school district will likely avoid filing for bankruptcy after the state passed a budget that raised property taxes. 

The policy shift may crowd out some projects, warned Baruch Feigenbaum, senior managing director of transportation policy at Reason Foundation.

As it fights with the state over funding, the board of the Toms River Regional School District refused to raise taxes and threatened a bankruptcy filing.

The Alpine School District deal will finance school buildings in a part of the district that will be split off into a separate entity in July 2027.

Market participants launched the largest lobbying effort in recent memory to protect municipal bonds and got what they wanted as the tax-exemption survived.