Public finance

While this appeal was rejected, the panel suggested bondholders could immediately file a new motion for relief.

SIFMA's Leslie Norwood joins Bond Buyer Executive Editor Kyle Glazier for a discussion about the regulatory and legislative outlook for broker-dealers. (17 minutes)

The new governor and concessionaire on the $2.1 billion P3 have reached a revised deal that will lower tolls and provide a 15% equity contribution to the local area.

SEC Muni Office Chief Dave Sanchez gave issuer officials some updates on implementation of the transparency law.

Brightline, a high-profile name in the speculative muni market, is set to come to market next week to remarket $675 million of 2020 bonds.

Bond parties say several parts of the original trust agreement support their lien on the authority's revenues.

This week's heavy new-issue calendar of tax-exempt supply "could lead to a modest cheapening of ratios," said Vikram Rai, head of municipal markets strategy at Wells Fargo.

Moody's Investors Service bumped Chicago's outlook to positive from stable, while affirming the city's Baa3 issuer and general obligation bond ratings.

A California Department of Water Resources spokeswoman said the department is considering an appeal of the Superior Court judge's decision.

The rulemaking board is prepping for a machine-readable future.

The top bond counsel in 2023 handled a combined $361.721 billion across 7,164 bond issues versus $359.189 billion in 7,882 transactions in 2022. 

"The upgrade reflects an expected continuation of very strong and consistent operating performance and revenue growth," Moody's said.

Growing new-issue supply is "adding to bidders' 'wait-and-see' mentality with a variety of credits coming to market at favorable spreads," said FHN Financial's Kim Olsan. Next week's calendar hits $8.4 billion.

VTA's auditor general dinged project managers for misleading communications and a "breach of transparency" regarding cost overruns and delays on the $12.2 billion San Jose extension of a Bay Area Rapid Transit line.

The Illinois Supreme Court upheld pension reform legislation championed by Gov. JB Pritzker that was challenged in court by first responder pension funds.

It's the third short-term spending bill Congress has passed since fiscal 2024 began Oct. 1.

A broad coalition of organizations representing issuers is seizing this moment, as Congress considers spending legislation, to advocate for key muni market priorities.

Board chairman says Juan Sabater will bring valued economic expertise to the panel.

Mr. Laverty spent most of his life living and working in New York City as a municipal bond underwriter for several Wall Street firms.

Sioux Falls, South Dakota, has put out a request for competitive sealed proposals from financial advisory firms as it gears up for capital projects.