Munis

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reinstated Ham Lake, Minnesota based charter school operator Parnassus Building Company's tax-exempt status after it was revoked in May 2022.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

Gorab, president and managing director of New Jersey's Wilentz, Goldman and Spitzer, died in June at age 61.

Inflation and material shortages are accelerating the P3 trend of bringing in a private team before price is finalized, which could expose investors to cost-escalation risk.

Vern Breland is representing himself, and told a court he relied on his municipal advisor.

Spreads on underwriting municipal bonds dipped to below $4 per $1,000 on issues in the first half of 2022 due to heavy competition and a shrinking volume of deals — the lowest figures reported in two decades.

Total volume in the first half of the year was at $209.718 billion in 5,153 deals, down 11.2% from the $235.836 billion in 6,793 over the same period in 2021, according to Refinitiv data.

Environmental facilities and public facilities saw the largest contraction in issuance.

New-issue volume grows to $10.7 billion led by a $2.7 billion taxable Massachusetts ESG deal, $1.35 billion of Oklahoma natural gas taxables, $1.25 billion from the Regents of the University of California and $1.1 billion from New York City.

Friedman is remembered for her devotion to clients, social justice, and family. She spent her career at Borge and Pitt and then Katten Muchin after they merged.

The Oklahoma Turnpike Authority has until Feb. 5, 2023, to resolve lawsuits and get court validation.

The controversial Chapter 313 program's property tax breaks will not be offered after Dec. 31, 2022.