Public finance

Governor says the money would be used to get through the slow winter revenue months.

The December consumer price index came in slightly stronger than expected, perhaps eliminating the possibility of a rate cut in March, analysts said.

The D.C.-area agency, unique among mass transit systems in that it has no dedicated operating funding, faces the same challenges as other transit agencies: fewer riders and federal support.

A January 29th IRS deadline could spur tax legislation

Roughly 70% of the grants will go to projects in disadvantaged areas.

Insurance companies and banks have collectively reduced their municipal bond holdings by $102 billion, or 10% in just nine months in 2023.

There were several ways Adaje could integrate ficc.ai's offerings into its system, the most impactful would be tender offering analyses, said Dan Silva, Adaje CEO.

"It is a torpedo into one of the safest, most secure pension systems in the United States, if not the world," said North Carolina Treasurer Dale Folwell.

The one-year was cut up to eight basis points, depending on the scale.

John Fleming, a four-term congressman and former Trump administration official, took office as state treasurer. Jeff Landry of the GOP was sworn in as governor.

The Senate Budget Committee gave municipal bonds center stage Wednesday.

A 2023 state law gave legislative leaders four appointments to the six-member turnpike board as lawmakers sought to reform the agency in the wake of a controversial, bond-financed expansion project.

The governor proposed state funding for schools to slow the rise in property taxes. His Idaho Works program would provide $50 million toward $800 million in bonds to pay for water and transportation projects.

"It is not surprising that we have witnessed — and continue to witness — a great migration of Americans away from cities and states pursuing failed policies, with Florida serving as a refuge for freedom and sanity," Gov. Ron DeSantis said.

Lansing's Board of Water and Light is issuing $350 million of tax-exempt bonds in a deal that would fund a tender offer for $232.6 million of outstanding debt.

The Massachusetts Municipal Wholesale Electric Company deal, self-designated as green, will finance a soon-to-open 6.9 megawatt, 35-acre solar power project.

The board says the bondholders have no "unsecured claim" and only a lien on a small amount of money held by the authority when it was placed into bankruptcy.

The offered curve is "still deeply overbought" at all maturities outside of one year, which is "a signal for issuers and sellers to become aggressive," said Matt Fabian, a partner at Municipal Market Analytics.

Republicans are threatening to try to overturn the rule through the Congressional Review Act.

Infrastructure Czar Mitch Landrieu is out of that position to join Joe Biden's campaign staff.