Munis

The city faced significant challenges finishing its annual comprehensive financial report as a result of a cyberattack, an overhaul of financial systems and managing through the COVID-19 pandemic.

Dealers and muni advisors think the loyalties of solicitor MAs should be clearly disclosed.

Mayor Jorge Elorza’s $850 million POB proposal sits stalled in the state legislature while state General Treasurer Seth Magaziner called the legislation too risky.

The city and school district's financial "entanglements" will be the subject of an independent financial review due before the first elections are held.

The roughly $1 trillion bipartisan plan would rely heavily on municipal financing tools to achieve $1 trillion in investment with any new federal taxes.

The group is also urging Congress to enact enhancements for aggie bonds and industrial development bonds.

Trading showed firmer prints, with Georgia general obligation bonds, Maryland GOs and Los Angeles Department of Water and Power bonds trading up.

Walorski is a co-sponsor of two bills in the current Congress to expand the use of private activity bonds in financing public buildings and affordable housing.

Like the city's pension funding revisions, the park district's plan ramps up to actuarial payments but it's alone in aiming for a 100% funding target.

The California treasurer also suggests adding flexibility to federal rail grants ,which are typically reserved for government projects, to include jointly undertaken public-private partnerships.

The measure would fund deferred maintenance projects at K-12 schools and state universities. It heads to the Assembly and would ultimately be decided by voters.

As most participants await Friday's jobs report, the municipal market Thursday sustained a firm tone as rates remained on a gradual path of decline.

Kestrel Verifiers has certified as green a tranche of bonds that will finance the ethanol plant in California's economically challenged Imperial Valley.

Mayor Lori Lightfoot says she will keep fighting to reshape the legislation the state Senate approved this week to transition to a fully elected school board.

The authority will scoop-and-toss some near-term debt to avoid a shortfall that would force Chicago to dig into its own pockets to cover a hotel tax shortfall.

S&P Global Ratings has fewer universities and colleges with negative outlooks since the beginning of the year.

A bill would authorize its capital city to issue up to $850 million in pension obligation bonds if it can get a true interest cost of 3.5% or less.

Sheila King of Eagle Asset Management talks with Chip Barnett on the growing importance of environmental, social and governance issues for municipal governments. She gives examples of what works and what doesn't and why it matters. (14 minutes)

The administration also wants to enhance the Low-Income Housing Tax Credit that is often used for bond-financed multifamily housing projects.

Grace Dunlap, Chair of the Board at Bryant Miller Olive P.A., has been honored with the 2020 Ralph A. Marsicano Award presented by the City, County and Local Government Law section of the Florida Bar.