Public finance

Soon after it sold $687.3 million of bonds, Chicago returned to market with $82.55 million for housing and economic development in a deal set to close Monday.

Hays County's Nov. 5 election for nearly $440 million of bonds, which won voter approval, was voided by a state judge due to an open meetings act violation.

The ratings agency said fund balances had declined as a percent of operating revenues and are expected to decline further.

The first public bond issue from Everglades College, Inc., will finance projects on the institution's Keiser University flagship campus in West Palm Beach.

As the end of the first half of a so-far tumultuous 2025 approaches, several municipal bond analysts are upbeat about the rest of the year.

Continued state and city support for the MTA's capital projects was the primary driver for Moody's Ratings upgrade to A2.

The updated document also addresses disclosure relating to cybersecurity.

The addition is part of a push to expand the firm's presence in New York public finance, Jonathan Ballan told The Bond Buyer.

Indiana's Senate Enrolled Act 1 raises questions about local income tax-backed bonds, appearing to lack protections for bondholders as currently written.

"The trend of heavy issuance that began last year has continued in the first half of 2025, surpassing even our rather optimistic expectations," said Barclays strategists Mikhail Foux, Grace Cen and Francisco San Emeterio.

The selloff highlights the lack of accurate pricing and credit information across the speculative-grade muni market.

The Metropolitan Transportation Authority's congestion pricing tolls not only reduced traffic congestion in Manhattan, but also in New Jersey, a report says.

New guidelines require local governments to receive the state's comptroller's approval before issuing debt with variable interest rates, put options, or interest rate reset options.

In this panel from The Bond Buyer's recent Southeast Public Finance event, top public finance officials from Atlanta, Charlotte, Nashville, Alabama, and Florida share how they evaluate bankers, bond counsel, and municipal advisors, and what makes a pitch fall flat.

To borrow an additional $70 billion, Mamdani would need state approval, said Howard Cure, director of municipal bond research at Evercore Wealth Management.

The $247.75 million of unrated tax-exempt bonds will finance public infrastructure and projects for an initial development on state-owned land.

So far, the financial market reaction has been limited, said Paul Christopher, head of global investment strategy at Wells Fargo Investment Institute.

Oregon's Senate president altered the make-up of the transportation committee to get the massive tax bill passed.

"The market itself should want to look at this because no one wants to give the perception of impropriety," said an investor of Stefanik's allegation that Harvard withheld material information regarding its ongoing conflict with the Trump administration.

A federal judge has issued a temporary injunction against the U.S. Department of Transportation's attempt to withhold federal funds from states judged to be in noncompliance with the Trump administration's immigration policies.