Public finance

A proposed constitutional amendment allowing the legislature to determine how local revenue lost due to property tax exemptions is reimbursed was defeated.

Accelerating deals does not cause undue strain on the underwriters, said Ron Banaszek, co-head of public finance and lead underwriter at Blaylock Van.

Under Dalton's leadership, the boutique firm became a prominent voice in the municipal market.

First Eagle has become a major player in the high-yield muni space in the last two years.

The city council of Kansas City, Missouri, approved an agreement on a bond-funded baseball stadium for the Royals; potential legal and political pitfalls await.

Despite the mounting uncertainty facing muni and UST markets, muni yields are "generationally attractive," according to Tom Kozlik of HilltopSecurities.

Rating agencies say they don't expect federal plans for the drought-plagued river to spark near-term credit concerns, but they may develop over the longer term.

Overall, most issuance comes from new money, driven by the inability to delay much-needed infrastructure upgrades. And with these higher rates, refundings don't make as much sense mathematically.

Investors interested in the additional yield offered in prepay energy deals should be aware of their corporate exposure as well as the sector's broader risk to the muni market, participants said.

USTs have been boosted by the U.S. government's announcement of sanctions against Iran. Munis seem to be taking the news well, NewSquare Capital's Kim Olsan said, but the asset class has its own news to focus on.

SFPUC's head would like rating agencies to consider what issuers are doing well regarding climate risk as well as where they fall short.

Funded ratios remain useful, but they can mask risky assumptions, illiquid investments and correlated exposures that may force higher government pension contributions during the next downturn, writes Market Intelligence analyst Jeff Lipton.

The island's budget director said the government should turn to money connected with a Jeffrey Epstein settlement to have enough money to finish the remaining six weeks of the fiscal year.

A state-by-state review of 2026 midyear issuance in the Far West.

A state-by-state review of 2026 midyear issuance in the Southeast.

A state-by-state review of 2026 midyear issuance in the Midwest.

A state-by-state review of 2026 midyear issuance in the Southwest.

A state-by-state review of 2026 midyear issuance in the Northeast.

Municipal issuance is headed toward another historic year as infrastructure needs and higher project costs turn elevated borrowing from a spike into a structural shift.

Massachusetts voters may cap its revenue in November. The commonwealth's strong financial position is likely to insulate bondholders from any resulting turmoil.