Munis

Michigan's Great Lakes Water Authority went to market in June with roughly a billion dollars of bonds, part of a complex transaction that included a tender.

School districts across Missouri face uncertainty over certification of their bond measures in light of a statute requiring a precise public notice window.

Without the increase U.S. Virgin Islands matching funds bonds would have defaulted in the next few years, some observers said.

A New Jersey school district will likely avoid filing for bankruptcy after the state passed a budget that raised property taxes. 

The policy shift may crowd out some projects, warned Baruch Feigenbaum, senior managing director of transportation policy at Reason Foundation.

As it fights with the state over funding, the board of the Toms River Regional School District refused to raise taxes and threatened a bankruptcy filing.

The Alpine School District deal will finance school buildings in a part of the district that will be split off into a separate entity in July 2027.

Market participants launched the largest lobbying effort in recent memory to protect municipal bonds and got what they wanted as the tax-exemption survived.

"If you are seeking the services of a municipal advisor, it would be helpful to use the term municipal advisor in your RFP/Qs," said Sanchez, director of the SEC's Office of Municipal Securities.

The growth of the muni market comes as issuance surges, with the first half of the year seeing $280.64 billion of supply, up 14.3% year-over-year, according to LSEG.

Yorkville, Illinois, defaulted on special district bonds for Kendall Marketplace, a shopping center that never evolved into the expected retail powerhouse.

The megabill now heads to the House, where Speaker Mike Johnson said a vote could come as soon as Wednesday.

Reduced ridership, political backlash, and zero-fare agencies are challenging transit system finances.

Issuance this year has been "relentless" since the start of the year, while historically the "new-issue machine" takes a while to get rolling, said Scott Diamond, co-head of AM Municipal Fixed Income at Goldman Sachs.

Questions over what to disclose in the bond document's risk section has concerned issuers for years, through issues like the pandemic to climate change, and now potential federal funding cuts.

University of Virginia president James Ryan resigned under White House pressure as the Trump administration pushes higher education to comply with its ideology.

The Senate advanced the One Big Beautiful Bill Act through a procedural vote, opening the legislation for debate followed by Monday's vote-a-rama.

The guidance comes as the tender market has grown from zero to $48 billion since 2019.

Working out the differences between the Senate and House budget bills might result in lawmakers reaching for ways to pay for extending tax cuts and finance new programs which could put tax-exempt munis back on the negotiating table.

A change in leadership at the Government Finance Officers Association comes on the heels of an all-time record membership level.