Public finance

"Hiring Giles along with other senior and experienced hires over the last year demonstrates our deep commitment to public finance at a time when our competitors are laying off in droves or retrenching from the sector entirely," said Suzanne Shank, president and CEO of Siebert Williams Shank.

Altadena, California-based Episcopal Communities & Services for Seniors was able to sell bonds through a treasurer's conduit thanks to the new state law.

Muni yields rose up to eight basis points, depending on the scale, while UST yields rose up to six basis points at 30 years.

Hilltop plans to hire others over the next 12 to 18 months.

The proposed bond-financed Uinta Basin Railway has been hit with regulatory setbacks in the wake of a 2023 federal court ruling.

Smaller issuers will find it easier to tell their stories to investors who are looking to customize their portfolios.

Opponents of the state's capital gains tax will turn their efforts to a repeal ballot initiative following rejection by the high court.

Jennifer Fredericks, a sales director at market data platform SOLVE, will lead Women in Public Finance's board of directors in 2024.

The MSRB board member has joined the Institute's public finance team.

The second board meeting of FY 2024 will also see the board mull whether it should modernize its dealer supervision rule.

Brian Kemp said the budget proposals fund more than $1.8 billion for capital programs "without issuing a single additional dollar in general obligation debt."

The Investment Company Institute Wednesday reported large inflows into municipal bond mutual funds, with investors adding $2.066 billion to funds, while exchange-traded funds saw $1.082 billion of outflows for the week ending Jan. 10.

Lake Erie College entered into a forbearance agreement with bondholders after the school didn't meet certain covenants it agreed to as part of a debt sale. 

A bill with House and Senate support would change LIHTC bond requirements

Gov. Katie Hobbs' proposed fiscal 2025 budget calls for agency fund sweeps, a new eligibility requirement for a costlier-than-expected universal school voucher program, and other measures to combat a rising shortfall.

The Municipal Securities Rulemaking Board's 2023 audited financial statement shows the board collected an additional $19 million in revenue as compared with the 2022.

Gov. Phil Murphy signed a bill amending the state's Local Bond Law to extend the period of usefulness of new emergency equipment from 10 years to 20 years.

"Some have called on us to use our rainy-day fund to cover asylum seeker needs. We do not agree and neither do our city and state comptrollers as well as the bond rating agencies and fiscal experts," said NYC Mayor Eric Adams.

The University of Chicago Harris School's Center for Municipal Finance is joining forces with Investortools to help advance municipal finance knowledge.

The state of Wisconsin is embarking on a flurry of debt-related activity as the year begins, with a cash defeasance and three refunding deals on the table.