Politics

The $350 billion of flexible relief funding sent directly to cities, towns and states under the American Rescue Plan Act will remain untouched under the new debt deal.

"It's positive to see the proposed budget relies on fairly conservative revenue assumptions and provides additional funding for pensions and education," Molly Shellhorn, senior research analyst for municipals at Nuveen said.

Tennessee joins the ranks of governments and utilities pursuing development of a scalable nuclear reactor.

A top advisor to Brandon Johnson said his administration is still waiting on the advice of incoming CFO Jill Jaworski and budget director Annette Guzman.

California senators approved a school bond measure that supporters say could help reduce the state's $117 billion in school construction needs.

A tender offer and a debt service shortfall related to bonds issued in the wake of Winter Storm Uri popped up this month as its financial impact lingers.

A downgrade would reverberate throughout the municipal bond market.

The $2.6 billion infrastructure budget stands out as the state's largest ever; bond packages stalled in the previous two years amid political divisions.

Municipal Market Analytics questioned Moody's swift revision of California's outlook to negative after Gov. Newsom's May budget revisions posted.

New York City is keeping a wary eye on Congress as it considers whether to pause a refunding deal set for next week.

The Oklahoma Turnpike Authority asked the court to approve $500 million of bonds to jumpstart funding for a $5 billion extension project.

Weakening revenues should be a red flag for states, particularly those planning tax cuts, said Lucy Dadayan of the Urban Institute's Tax Policy Center.

The state-supported deal with Ørsted for a $1.6 billion wind farm off of Atlantic City's Coast is awaiting federal Record of Decision this summer.

Inflation joined supply chain struggles, wage pressures, and the labor shortage — most acutely felt with nursing staff — dragging down the sector's margins.

Austin planned to use property taxes approved by voters in 2020 to pay off bonds for the project.

The new law's uncertain impact on cities and states has been a hot topic at the GFOA's annual conference this week.

Gov. Brian Kemp announced projects that will receive $225 million in funds from a program created under the American Rescue Plan Act.

Arizona, Nevada and California announced an agreement on Colorado River water use reductions, possibly averting a more stringent federal solution.

Public sector employers are in a fierce competition with the private sector for workers and may be losing amid labor shortages and inflation.

"If the banking stresses start to bring inflation down for us, then maybe we're getting closer to being done. I just don't know right now," said Federal Reserve Bank of Minneapolis President Neel Kashkari.