Munis

The legislature, which returns to respond to recent floods, could also take up bills to curb local property taxes, including bills aimed at bond issuance.

First Southern LLC failed to timely and accurately report on trades executed for an affiliated hedge fund, FINRA said.

The bonds, scheduled to price next month, will have JPMorgan as senior manager.

The District of Columbia Water and Sewer Authority is selling $216.5 million of revenue refunding bonds and financing the Clean Rivers Project, a massive effort designed to reduce combined sewer overflows into the local waterways.

The National League of Cities rolled out its annual report showcasing the challenges facing mayors, including the end of BIL funding and a steady diet of uncertainty about the flow of future federal dollars.

The House cuts are less severe than those proposed in President Donald Trump's 2026 budget.

The top suite of firms oversaw deals amounting to more than $139 billion par value across 58% of the market.

Nederland, Colorado, has a plan to issue revenue bonds to finance its purchase of a ski resort that would be turned into a year-round community asset.

The Washington, D.C., City Council missed a deadline to approve a plan to build a $3.7 billion NFL stadium as supporters emerge touting the financial structure of the deal.

"It's time for this boondoggle to die," said Transportation Secretary Sean Duffy.

Hays County will appeal a June 23 court ruling that voided a successful GO bond election while it explores issuing alternative debt to fund road projects.

"Most states do not expect to be able to keep key roads and bridges to a state of good repair," said David Draine, principal officer, public sector, retirement systems for the Pew Charitable Trusts. 

A 2024 Illinois law loosened school bond restrictions, allowing districts to authorize some debt without an election. That caused a backlash in one district.

The top 10 underwriters for the first half of the year brought in more than $203 billion across nearly 2,000 issues.

The city council voted unanimously to hold a special election on an 11-part GO bond proposition, which will be the largest in the city's history.

The top issuers for the first half of 2025 put out a combined 89 issuances amounting to more than $39 billion in par value.

The comprehensive federal tax bill President Trump signed July 4 is credit negative for universities, Moody's Ratings said.

Noble Environmental was sued by a shareholder last year in a case that is unresolved as it plans a $250 million tax-exempt debt offering.

New Jersey's Toms River school district was downgraded two notches by S&P after refusing to adopt a budget and discussing bankruptcy.

Moody's has downwardly revised the outlook for Baltimore's issuer rating and several classes of bonds due to a trend of declining fund balance levels in a city dependent on a major international shipping port.