Sen. Paul's provision would block the central bank from buying state and local debt, a tool that muni advocates say is important to preserve in case of future pandemic-like events.

The city has again proven to have a resilient economy, with better than budgeted revenues, said Howard Cure, a partner and director of municipal bond research at Evercore Wealth Management LLC.

As Congress hammers out the 2024 transportation budget, state DOTs warn that a timing problem with the flow of IIJA money could lead to a "potential lapse" of highway funds by September.

The Ohio state Senate passed a bill that included $1.27 billion in bonds for state government facilities, classrooms, subdivisions and conservation projects.

Hawaii's budget director told a state Senate committee the costs to house people are coming in double what was estimated.

"When you add everything in this document up, it demonstrates you can make smart investments when you budget wisely, trust the market rather than try to dictate it, and empower your citizens more than you empower the government," said Georgia Gov. Brian Kemp.

A power struggle over the governance of the Oklahoma Turnpike Authority and a Houston mayor ending a legal dispute with firefighters that could improve the city's Fitch rating are among the legal stories bond market professionals are watching.

Washington state lawmakers approved a $14.6 billion two-year transportation budget, a $1 billion increase.

Analysts say states can avoid short-term issues as a result of strong reserves but some may face challenges over the longer term.

Spaceports should have the same access to tax-exempt financing as airports and seaports, supporters say.