Munis

As issuers continue to discover new ways to unlock infrastructure funding, out-of-the box thinking may win the day.

The City of Rochester, New York, and its former finance director appear set in fighting SEC charges that they defrauded investors in connection with a 2019 bond offering.

The Infrastructure Investment and Jobs Act provides billions in grants for state and local governments. The challenge now is how quickly and effectively they can spend it amid an inflation–fueled rising–rate environment.

Republicans critical of the infrastructure law won't be able to stop the flow of federal funds, even if they win the House.

NABL sends detailed letter requesting guidance on interbank offered rates ruling

The MSRB's latest request for comment has won initial praise from broker-dealer groups.

With midterms over, the action now turns to lame-duck legislation that may impact the muni market.

Republican control of the House would bring leadership changes to key finance and tax-writing committees that affect the municipal bond market.

Coconino County has issued debt to fund its prepayment to the Arizona State Retirement System, while Pinal County has a bond sale pending.

Federal emergency aid, while protecting against downgrades and defaults in areas hit by extreme weather, won't bail out areas that face less visible climate effects like rising heat.

The $200 million bond deal prices next week. The Jesuit school absorbed the nearby University of the Sciences earlier this year.

The agency has already begun hiring new staff and preparing for an $80 billion dollar agencywide influx of funding.

A report digs into the fiscal "entanglements" between CPS and the city as the district moves from mayoral control to an elected school board.

A lack of standards from regulators and ratings agencies leaves municipal credit analysts "on their own" when it comes to evaluating climate-related risks.

The rating agency lifted the outlook of the Los Angeles Unified School District, the nation's second largest, to positive.

The state school in Ypsilanti is responding to declining enrollment with a student housing makeover financed through a public-private partnership.

With the Federal Open Market Committee meeting this week and the next week shortened by the bond market observance of Veterans Day, CreditSights strategists said "investors should be prepared for two weeks of subdued new issuance."

Total October volume was $24.951 billion in 510 deals versus $41.811 billion in 1,068 issues a year earlier, according to Refinitiv data.

Robert Radigan has joined Squire Patton Boggs as partner in the Public & Infrastructure Finance Practice in New York.

Proceeds are destined for improvement projects across the 290 miles of roadway that make up the New Jersey Turnpike and Garden State Parkway.