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The Illinois state comptroller reported a 55% year-over-year increase in the general revenue fund cash balance as her office closed fiscal 2024.
July 5
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Some PREPA bond parties suggest the bonds should paid in full, while the board is offering around 4% to those who haven't accepted a settlement.
July 5
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The issuance is expected to generate strong interest in D.C., Virginia, and Maryland.
July 5
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Rider University, a small private college outside of Trenton, New Jersey, is trying to raise additional funds to help an ongoing liquidity crunch.
July 5
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"The forces of municipal fundamental and technical measures are setting up a reconciliation against higher UST yields," said Kim Olsan, senior vice president of municipal bond trading at FHN Financial.
July 3
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The environmental clearance marks a regulatory milestone, but major funding shortfalls remain.
July 3
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July will see $35.2 billion of redemptions, down 13% month-over-month but still 35% higher than 2024's monthly average of $27 billion, said Pat Luby, head of municipal strategy at CreditSights.
July 3 -
After the west abutment on the Rapidan Dam partially failed last week, it's up to the Blue Earth County board of commissioners to pursue repair or removal.
July 3
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"With a nonexistent new-issue calendar and heavy dealer balance sheets, we expect the muni market to get a bit 'grabby' over the next few weeks," AllianceBernstein strategists said.
July 2
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The rating agency's new local government rating criteria led to the higher rating.
July 2
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Another round of grants authorized in the 2021 Infrastructure Investment and Jobs Act is going out to 129 airports in 40 states.
July 2
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The system, along with UT Southwestern Medical Center, plan to build a $5 billion pediatric health campus in Dallas.
July 2
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Infrastructure practice is a "strategic priority" for the firm, it said in announcing the hire of Elena Millerman.
July 2
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The $82.5 billion fiscal 2025 budget includes the final tranche of Rebuilding Michigan Plan bonds.
July 2
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The privately owned, high-speed rail system in the U.S. recently refinanced and broke ground on a new line in the west.
July 2
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"While valuations are still historically tight, the extra demand through the summer should help support the muni market in the coming weeks," Birch Creek strategists said.
July 1
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The board's executive director said he is unsure how much longer the PREPA bankruptcy proceedings will take.
July 1
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The request is part of the White House's larger funding request from Congress to cover disaster needs from tornados to wildfires.
July 1
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To meet the ambitious goals of the Environmental Protection Agency's Greenhouse Gas Reduction Fund, innovative financing models can be adapted from established municipal finance systems.
July 1
City First Enterprises -
Gov. Kathy Hochul's "pause" on congestion pricing puts a $16.5 billion hole in the Metropolitan Transportation Authority's capital plan.
July 1
