Public finance

The bill would create a not-for-profit corporation modeled after California's IBank, but with more flexibility to handle large-scale projects, backers say.

Industry leaders at The Bond Buyer's Texas Public Finance event discuss how tax policy threats, tariffs, and federal budget cuts could create a new paradigm for muni borrowing costs and credit resilience.

The bond trustee filed notice of a settlement that would extend the maturity of the Industrial Development Authority of Platte County Zona Rosa bonds 30 years.

State lawmakers gave final approval to a bill that bans state and local government contracts with companies that "discriminate" against the firearm industry.

The $350 million revenue bond issue will refund bonds sold in 2015 and finance improvements to the airline's primary maintenance facility in Tulsa, Oklahoma.

The $500 million deal was delayed after the tariff announcement rocked the markets. It has priced, but offering documents include new trade war disclosures.

S&P noted volume growth and solid operating margins at the large Florida-based healthcare system.

Bills have been introduced to eliminate the May election option for local bond and tax propositions, forcing them onto the November general election ballot.

The market has seen seven consecutive weeks of outflows. "This is not surprising given that retail investors tend to follow performance," said Daryl Clements of AllianceBernstein.

New Britain is reaping a rating reward from higher revenues and stronger budgetary practices, including full actuarial funding of its pensions.

Washington lawmakers delivered a balanced budget after tweaking program cuts and tax increase plans multiple times.

The coming fiscal year will have more than 10 times the state bonding as the current fiscal year.

S&P revised the outlook for the Maryland Transportation Authority's outstanding revenue bonds to negative from stable due to the timing of the federal funding needed to rebuild the Francis Scott Key Bridge that was damaged by a cargo freighter in March 2024.

The Democratic states sued a day after schools were required to certify the elimination of DEI programs or risk losing federal funding.

Fresh off the heels of its rebrand from Lifespan, Brown University Health is prepared to add to the size of its planned borrowing if rates are favorable.

S&P Global Ratings dropped Los Angeles' ratings and assigned a negative outlook, citing a "weakening financial position and an emerging structural imbalance."

Baker Tilly is preparing a $7 billion merger with Moss Adams, another advisory firm. The deal will close in early June.

"Easing tariffs, a slowing economy and an improved supply/demand outlook for munis in May and onward should drive muni market pricing going forward," BofA strategists said.

Tariffs imposed by the Trump administration are already affecting port operations as Moody's has revised the U.S. ports sector to a negative outlook reflecting an expected 7%-12% decline in volume.

The state plans to price $626 million in GOs, in part, to fund the I-5 bridge replacement