Public finance

Oklahoma can continue to collect income taxes from certain Native Americans in a case that threatened to cost the state millions of dollars in tax refunds.

Yorkville, Illinois, defaulted on special district bonds for Kendall Marketplace, a shopping center that never evolved into the expected retail powerhouse.

By hiring Silvia Shin, Ballard Spahr became Delaware's appointed bond counsel.

"We are entering a period during the summer months in which demand historically outweighs very limited supply, resulting in a supportive performance environment but more limited investment opportunities," said J. Robert Lind of Lind Capital Partners.

Chicago had a $161 million deficit in fiscal year 2024, according to the annual comprehensive financial report the city released on Monday.

The megabill now heads to the House, where Speaker Mike Johnson said a vote could come as soon as Wednesday.

Reduced ridership, political backlash, and zero-fare agencies are challenging transit system finances.

"I think your first question to them should be 'Are you from the future?,'" the deputy director of the SEC's Office of Municipal Securities said.

Issuance this year has been "relentless" since the start of the year, while historically the "new-issue machine" takes a while to get rolling, said Scott Diamond, co-head of AM Municipal Fixed Income at Goldman Sachs.

GFOA Today 2025, day 2

This week has the July 4th holiday, with only $2.5 billion on tap in the primary bond market, though investors have tens of billions in reinvestment cash.

The budget is a good sign, analysts say, and may be a first step towards ultimately ending the Oversight Board's authority over the territory.

GFOA Today 2025, day 1

A change in leadership at the Government Finance Officers Association comes on the heels of an all-time record membership level.

Issuance for the week of June 30 is estimated at $2.495 billion, with $2.039 billion of negotiated deals and $456.3 million of competitive deals on tap, according to LSEG.

Hamilton County, Ohio, announced a deal Thursday to pay $350 million in county funds toward the $470 million cost of renovations to Paycor Stadium.

Damages awarded to the developer are several times tiny Cle Elum's $5 million general fund budget for 2025.

Sacramento Municipal Utility District officials credit the Kestrel green verification for attracting a new buyer to its commercial paper.

Downtown College Prep, a charter school operator in San Jose, defaulted on $34 million of municipal bonds, citing the area's dwindling number of children.

Investors added $79.6 million to municipal bond mutual funds in the week ended Wednesday, following $110 million of inflows the prior week, according to LSEG Lipper data.