Munis

Sources on the Hill indicate that whatever gets cut will come from that list. But that doesn't mean that everything on the list is going to get cut.

While the new tax policies should address the state's projected deficit, rating agencies are cautious about the projected revenues and federal spending on Medicaid, which could impact Louisiana.

Fieldman, Rolapp & Co. has acquired Orem, Utah-based municipal advisor G.L. Hicks, a healthcare finance specialist.

Among the materials for lawmakers is a new report estimating the tax exemption saves issuers $824 billion through 2035.

The muni market saw a record $507.585 billion of debt issued in 2024, up 31.8% from $385.061 billion in 2023, according to LSEG data. 

The top 10 advisors accounted for $249.421 billion of par or 59.3% of the total issuance with municipal advisors.

New York boasts four of the top 10 issuers, followed by California with two and one a piece for Florida, Massachusetts, Washington and New Jersey.

With losses expected to be measured in the tens or hundreds of billions, the municipal finance industry begins to take stock of the Los Angeles-area wildfires.

The state will try to convince the rating agency to lift its debt to AA, to match the rating others have assigned.

It could be the year's largest unrated municipal bond deal.