Munis

Bills on Gov. Nathan Deal's desk would allow creation of a new city of Eagle's Landing at the expense of the existing city of Stockbridge.

Caution is the watchword in the municipal market on Wednesday as participants await details of the Federal Reserve's monetary policy meeting.

Voters in Aiken County and part of Saluda County approved Tuesday the $90 million Aiken County Public School District's bond to help pay for expansions, additions and security enhancements at four existing schools and to build two new schools.

The district sold $206 million of general obligation bonds in April, including a taxable refunding deal.

County commissioners asked Gov. Greg Abbott for permission to schedule an election for a flood-prevention bond proposal on Aug. 25.

Municipal bonds were mixed in late trading on Tuesday as several large deals hit the screens, led by issuers in New York and Maryland.

The timing of federal grants is an issue because that funding was used as a basis by the U.S. Transportation Department to authorize the use of tax-exempt PABs by the private owner for financing the proposed rail line between Miami and Orlando.

Within the month, New Hanover County's school board could finalize a timeline for redistricting and pick projects for its next multi-million dollar bond — including new schools.

Tuesday opened with a positive tone in the municipal bond market with a forecast of heavy demand and strong technicals going into the reinvestment season.

Munis were stronger Monday as bond buyers kept an eye on the Federal Reserve policy makers' meeting.

Monthly volume rose the highest in the year to date, as an increase in new-money deals partly offset a decline in refunding transactions.

The state's largest municipal advisor is sticking with the school districts and dropping charter clients, losing some top employees in the process.

Municipal bond buyers are awaiting this week’s new issue supply as they keep both eyes firmly on the Federal Open Market Committee’s monetary policy meeting.

Latasha Thomas will work on government affairs and public finance.

Weekly municipal bond volume will be down with the Federal Open Market Committee set to meet, though no interest rate increase is expected.

New Jersey lawmakers expanded the scope of a bond proposal to add money for school safety.

The municipal bond market will see a light new issue calendar next week as the Federal Reserve meeting on monetary policy puts a damper on new debt issuance.

The school district is relying on referendum in November to support a funding plan.

The $425 million measure is likely to go before San Francisco voters in November.

Municipal bonds steadied after sliding the previous day, as the last of the week’s new issuance came to market.