Munis

The current prohibition against tax-exempt advance refunding was used as a minor pay-for in the GOP’s Tax Cuts and Jobs Act that cut personal and corporate tax rates.

The first quarter of 2021 concludes with $102.1 billion, slightly higher than the $95.3 billion that the market saw in the COVID-ravaged first quarter of 2020.

Merritt Research Services highlights "unsung disclosure heroes" while reporting little change in most issuers' sluggish pace at releasing audited financials.

The bill comes days before the Biden administration will reveal its infrastructure plan. Sources have said municipal bond provisions are likely to be included in an infrastructure package.

The National Federation of Municipal Analysts said its white paper is a disclosure template for future events such as large-scale tropical storms and wildfires.

Buttigieg's support of PAB financing comes days before the Biden administration plans to unveil its infrastructure proposal.

The savings from the March 19 bond sale will be dedicated to Guam’s tourism recovery efforts as well as debt service.

With a traffic rebound in the offing, the Austin-based Central Texas Regional Mobility Authority's $510 million of bonds and notes were 20 times oversubscribed.

The public notice filed on EMMA is the first report by any issuer in calendar 2021 of any type of IRS audit communication.

Republican opposition to tax increases supporting an infrastructure bill may hamper the advancement of hoped-for muni tax provisions.

The Municipal Securities Rulemaking Board is requesting comment on requiring more written disclosure from solicitor municipal advisors, which make up just 19% of all MA firms.

Planning will require favorable tax policies, sophisticated capital programing, bond financing, and pioneering public-private partnerships. It also requires a cohesive national, bipartisan infrastructure plan as a foundation to begin addressing this impending infrastructure crisis.

Although all of the proposals have some bipartisan support in Congress, the extent of that support remains unclear.

Bank holdings of municipal bonds increased by 9% in 2020 compared to 2019, according to a new Federal Reserve report.

The next phase of pension risk analysis will be different and more challenging: Assessing the long-term impacts of individual jurisdictions’ choices in the context of their unique workforce demographics, benefits and salary structure, and pension funding status.

The pandemic has caused some special circumstances for state and local governments in juggling their finances. Jeffrey Previdi, the vice-chairman of the Governmental Accounting Standards Board who spent more than 20 years of his career at S&P Global Ratings, talks about what his regulatory organization has done to assist them. Previdi also talked about how GASB influences how state and local governments spend taxpayer money on such things as schools, firehouses, water treatment plants, and other infrastructure. Brian Tumulty hosts. (25 minutes)

Fitch Ratings downgraded Anaheim's bonds on Friday, as the governor announced amusement parks and stadiums could open April 1.

Far West municipal issuers sold $99.1 billion of debt last year, a 16% increase from 2019, picking up the pace in the second quarter after a hiccup in March when the coronavirus first put society on pause.

Hector Negroni, a leader in pushing the needle in municipal finance, talks policy, infrastructure, ESG and a growing global audience for investing in state and local governments.

Far West municipal issuers sold $99.1 billion of debt last year, a 16% increase from 2019.