Munis

Illinois will sell up to $1.1 billion of general obligation refunding bonds and $600 million of taxable and tax-exempt GO bonds by the end of September.

The one-notch general obligation and certificates of participation rating downgrades resulted from the application of Fitch's updated criteria.

S&P cited increased near-term capital needs in explaining the lowered outlook.

As extreme weather events occur with more frequency across the country, Michael Gaughan, executive director of the Vermont Bond Bank, says municipal bond banks can help smaller communities deal with the effects of them. Gaughan speaks with The Bond Buyer's Lynne Funk on the effects of climate change and how the various levels of government can work together to address it.

The Dallas-Fort Worth region toll highway owner and operator aims to rake in savings from the deal as it expects to cash fund a $2 billion capital plan.

The bank was one of 225 credits Moody's placed on review for possible upgrade July 25 when it released a revised rating methodology.

August's volume reached $49.174 billion in 873 issues, up 25% from 2023. August's total is above the 10-year average of $40.828 billion and is also the highest monthly total this year.

The House bill supported by the coalition would allow municipal bond holders to transfer the securities to the bank in exchange for stock.

Tensquare and its partner Karl Jentoft were charged for acting as an unregistered municipal advisor in eight offerings for charter schools in Minnesota.

Property taxpayers want a state court to order the city to reduce its 2024 tax levy by $187 million earmarked for a now-downsized mass transit plan.