Munis

The potential timing for a water supply emergency, which had been projected for December, was pushed nine months into the future with the help of rainfall.

The BB-plus rated borrowing comes as high-yield supply remains strong in the muni market.

Debt proceeds are earmarked for renovations to the university's football stadium, as well as for student housing, parking and other athletic projects.

Illinois released its 2025 Annual Comprehensive Financial Report last week, completing the report nearly eight months earlier than its 2024 ACFR.

The nearly $18.3 billion fiscal 2027 budget signed by the governor this month provides $1.4 billion in tax cuts over four years.

Investors are hesitant to welcome the concept of AI, which could predict rare muni defaults. Companies specializing in predictive AI for munis believe they'll be able to win over investors.

The College of the Holy Cross, enjoying rising student demand in a time when other private schools are struggling, will take out variable-rate and taxable debt.

"The upgrade recognizes two important factors: the strong operating performance of Vogtle Units 3 and 4 since entering commercial service and the strength of the project's contractual framework," said Ernest Libershteyn, MEAG director of finance and treasury.

The Nashville-based private university plans to sell up to $430 million of tax-exempt bonds.

Alexandria, Va. is moving forward with a $155 million plan to convert a former power plant into a 2.5 million square feet development by leveraging tax increment financing and bond sales.

As the Trump administration touts an end to the Iran war and the eventual opening of the Strait of Hormuz, oil prices are dropping which may push muni yields down and fuel demand.

South Carolina — which just passed a law allowing tolls and public-private partnerships — won federal funding for a statewide asset scan focused on its major transportation corridors for potential P3s.

"I think generally there is an over-emphasis placed on the takedown at the expense of considering the overall cost of the transaction," Nikolai Sklaroff, capital finance director at the San Francisco Public Utilities Commission, said.

The Texas city's $115 million general obligation bond sale comes as a water supply emergency and potential further negative rating actions loom.

After the latest cyberattack struck a K-12 school system, rating agencies and muni market participants warned of an evolving risk to school district issuers.

Many factors impact the performance of munis, and, this year, everything seems to be working for the positive.

Market Intelligence analyst Jeff Lipton explains how California Mello-Roos land-secured bonds can add yield and diversification, and outlines the underwriting checklist investors should use to balance development risk against structural protections.

The spending plan includes revenue-raising measures involving the bond-issuing combined utility system that have sparked concerns by the city's controller.

The public power sector is reacting with concern about the ongoing efforts to reorganize the Federal Emergency Management Agency that's proposing shifting risk and disaster recovery costs onto local utilities.

Macon-Bibb County, Georgia, plans to issue $350 million of debt for new sports and entertainment arena anchored by a team called the Macon Mayhem.