Public finance

The Chicago Park District Board of Commissioners unanimously approved three ordinances laying the groundwork for up to $37 million new money bonds and a tender.

The terminal project grants come as air traffic officially recovered to pre-pandemic levels last year.

The decision to add Early is a positive sign the Treasury understands the importance of the municipal market and having its own expertise it can call on.

Louisiana, Georgia, Tennessee and Illinois have transportation P3s on tap, and the Army Corps of Engineers is advancing its first four P3 programs.

From bridge replacements in the Pacific Northwest and Midwest to prioritization of high-speed rail systems, here are 5 major projects to watch.

Municipal Market Analytics is expanding its business development arm.

The Turnpike Authority of Kentucky approved a resolution authorizing the issuance of up to $250 million of economic development road revenue refunding bonds.

Despite losses, munis are still outperforming USTs and corporates on a month-to-date and year-to-date basis, noted Cooper Howard, a fixed-income strategist at Charles Schwab.

Bellevue, Nebraska plans to issue $60 million in municipal bonds and establish a "good life district" to build a 100,000-square-foot indoor water park.

The rating agency cited traction on its financial turnaround in revising the outlook on the junk-rated hospital to stable from negative.

The upcoming fiscal 2025 budget will take "some first steps" to address a structural gap of about $158 million, Melissa Dubowski said.

Messina, a veteran public finance lawyer, will focus on senior living and life-plan communities.

Nearly half of America's private colleges and universities reported negative operating margins in fiscal year 2023, and the trend was even worse in the Midwest.

The number of distressed charter schools rose to a record in the beginning of 2024 as the sector struggles with the end of pandemic assistance and rising costs.

The consumer price index number further complicates market expectations of Fed rate cuts and muni investors may want "to keep their powder dry" until they have a better idea of the Fed's timing, said CreditSights' Pat Luby.

The MSRB requested information about the challenges facing small firms the firms have not held back in citing what they view as a difficult regulatory environment.

The value of the fund rose from the $246.3 billion reported in the second quarter while returns improved to 6.18% in the third quarter from negative 1.59% in the prior period.

Maura Healey's budget plan for fiscal 2025 features more money for the Commonwealth Transportation Fund, which would increase its bond capacity by $1.1 billion.

The state faces slower job growth after gains in the previous three years outpaced the nation, according to the Dallas Federal Reserve's Texas economic outlook.

If the appeals court overrules parts of her decision, Judge Swain said she is "capable of adapting and reacting appropriately."