Public finance

Moody's has lifted the credit ratings on five special tax bonds.

Mutual funds saw inflows to the tune of $1.88 billion last week, marking 14 consecutive weeks of positive fund flows, according to LSEG Lipper. This brings year-to-date inflows to nearly $17 billion.

The district plans to price about $100 million of bonds Thursday, the first since Gov. Ron DeSantis took over control of it by appointing its board of supervisors.

The proposed sale size has grown to $1.5 billion and the city claims it will bring $90 million in savings this year.

The University of Arizona, which was hit with negative rating outlooks earlier this year, scheduled a debt refunding led by Morgan Stanley for Wednesday.

The rating is a new milestone in the state's long road out of legislative dysfunction.

City Comptroller Brad Lander said he's optimistic about the deal, congestion pricing lawsuits and his mayoral campaign.

The Dallas-based financial services firm, which launched a public finance business in May, announced a staff expansion.

Muni yields were cut up two to five basis points, depending on the curve, while UST yields rose five to seven basis points, pushing the 10-year UST yields above 4%.

Cleveland returns to market Wednesday in the first of two bond deals this month. That $64.4 million GO deal funds public parks, bridges and road improvements.

Falcone's agenda as president of the group will include tax provisions, subsidies, permit reform and affordable access to credit.

A lawsuit filed by a business group in federal court in August claims a 2021 Texas law violates free speech protections.

The deal is secured with gaming revenue and includes a public-private partnership.

Congress has created recovery bonds for specific disasters in the past, and the CDFA wants the tool to become a permanent private activity bond category.

Moody's also upgraded other Florida locality bonds recently as a result of a revised cities and counties rating methodology.

Municipal investors can expect just shy of $10 billion of new issues from which to choose the first full week of October and the fourth quarter, led by a $1.5 billion taxable general obligation bond offering from New York City. Connecticut is bringing $935 million of general obligation bonds.

Enright's passion for infrastructure and complicated deals led him to the cutting edge of municipal financing strategies.

Santa Cruz, on California's coast, was particularly hard hit by flooding in 2023. In addition to the the I-Bank loan, the city secured a federal loan.

Public policy students will mingle with current municipal finance pros at an upcoming University of Chicago Harris School career forum.

Ports enjoy some of the strongest financial medians among transportation infrastructure assets.