Munis

The MBTA's capital program, which relies on nearly $600 million in annual borrowing, has doubled since 2018.

Mississippi's largest city is without running water. It has $191 million in outstanding water and sewerage revenue bonds, according to Moody's.

Many market players have revised their supply projections downward since rising interest rates have slowed down refunding and taxable volumes and general market volatility has stopped some issuers from participating.

Ben Watkins, Director of the State of Florida's Bond Division, talks with Chip Barnett about the latest news coming out of the Sunshine State and takes a look at what's happening in Reedy Creek. He discusses Florida's bonding and debt, infrastructure plans and dives into the state's ESG priorities. (30 minutes)

The congestion pricing plan that puts tolls on vehicle traffic coming into lower Manhattan still faces many hurdles before it would take effect.

The Securities and Exchange Commission has approved the Municipal Securities Rulemaking Board's proposed changes to Rule G-34 on CUSIP applications, removing the requirement for municipal advisors to file new issue applications in one business day, among other changes.

The Inflation Reduction Act's changes are significant enough that they will be featured in the banner at the top of the offering statement.

Brandon Comer and Comer Capital Group have responded to the SEC's argument against summary judgment, claiming the Commission has not provided sufficient evidence.

The University of Michigan is studying the use of XBRL technology for local government financial reports with the state Department of Treasury set to act next.

The Texas Permanent School Fund's bond guarantee program, capped at $117.32 billion under federal law, reported projected available capacity was only about $3.9 billion as of June 30.

A Reason Foundation study found K-12 debt steadily rising since 2014.

The Internal Revenue Service has reinstated Ham Lake, Minnesota based charter school operator Parnassus Building Company's tax-exempt status after it was revoked in May 2022.

A county judge ruled that a lawsuit alleging Open Meeting Act violations on the part of the Oklahoma Turnpike Authority will remain in his court unless the state supreme court chooses to exercise original jurisdiction.

The 15% corporate minimum tax may hurt the muni market the most during outflow cycles by cramping demand and leading to higher borrowing costs for states and cities.

The inclusion of swaps has the potential to increase claimed damages in the New York State lawsuit, though banks view swap materials as providing a potential defense.

Borrower Jasper Pellets and trustee US Bank have been locked in a legal battle after the company filed for Chapter 11 bankruptcy on May 27.

Brokers should be aware that inaccurate tax reporting could force its brokerage clients to seek damages and could force dealers to make their clients sign a liability waiver, as the recent muni case Richard Goodman v. UBS Financial Services highlights.

Fitch is bulking up its public finance group with the addition of six municipal bond analysts for its offices in San Francisco, New York and Austin.

The respected muni tax expert died unexpectedly Aug. 14.

Higher education borrowing led by century bond deals helped offset the dive in refundings brought on by rising interest rates.