Public finance

Ocean Capital's next move is to attemot to have its elected directors seated on the funds' board of directors.

As was expected, the FOMC held rates in a range between 5.25% and 5.50%, but the dot plot in the Summary of Economic Projections showed 12 of 19 members expect another 25-basis-point rate hike this year.

Miami-Dade County is fighting Florida lawmakers' latest attempts of a takeover of its expressway authority.

The website now shows Bloomberg's yield curve with hourly updates between 9 a.m. and 4 p.m. The move changes EMMA's usual practice of displaying yield curve data from the day before.

A referendum for up to $350 million of general obligation bonds for a terminal project will appear on the Nov. 7 ballot.

The event heavily focused on the kind of and how much disclosure issuers need to offer in order to attract investor interest.

Public finance and public trust must go hand-in-hand and that is where ESG and impact investing can play a role moving forward — it's the data, not the label.

Although the strike shouldn't "have significant adverse revenue consequences for Michigan or its local governments, it nevertheless highlights longer-term challenges for a state that is still disproportionately exposed to the domestic auto and auto parts industries," Moody's says.

Fund flows "should be moving along a more positive trajectory, but they have yet to do so with munis unable to break free of the Treasury market's tight grip," Oppenheimer's Jeff Lipton said.

Moody's also affirmed the A3 rating on the MTA's $20.6 billion of transportation revenue bonds.

As the Disaster Relief Fund runs dry, FEMA asks Congress for appropriation renewal.

The state managed to grow revenues above forecast for the first two months of the fiscal year despite the delayed tax filing deadline.

School districts and local governments may only hold bond elections once a year now, in November. They also face new state-imposed revenue limits.

With a light new-issue calendar ahead of the FOMC meeting, "secondary flows may benefit from greater attention," said Kim Olsan, senior vice president at FHN Financial.

The GOP stopgap funding measure may only kick the can down the road for a month, but how this bill passes will have implications for how Congress feels about additional spending measures.

A constitutional amendment on the Nov. 7 ballot would deposit $1 billion in a Texas Water Fund with at least 25% earmarked to increase the drought-prone state's water supply.

The governor said the budget would needlessly wipe out a rainy-day fund.

"We believe investors should take advantage of the current high rates environment: investors should pick and choose bonds selectively in the coming weeks in anticipation of this tightening cycle's end after November," BofA strategists said.

"Last year's successful social bond issuance has proven that there is growing investor demand for socially conscious investments and I am thrilled that we are able to offer this opportunity again," said City Comptroller Lander said.

The stalled appropriations battle is alarming counties and cities dependent of federal funding