Munis

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.

"If you are seeking the services of a municipal advisor, it would be helpful to use the term municipal advisor in your RFP/Qs," said Sanchez, director of the SEC's Office of Municipal Securities.

The growth of the muni market comes as issuance surges, with the first half of the year seeing $280.64 billion of supply, up 14.3% year-over-year, according to LSEG.

Yorkville, Illinois, defaulted on special district bonds for Kendall Marketplace, a shopping center that never evolved into the expected retail powerhouse.

The megabill now heads to the House, where Speaker Mike Johnson said a vote could come as soon as Wednesday.

Reduced ridership, political backlash, and zero-fare agencies are challenging transit system finances.

Issuance this year has been "relentless" since the start of the year, while historically the "new-issue machine" takes a while to get rolling, said Scott Diamond, co-head of AM Municipal Fixed Income at Goldman Sachs.