Public finance

The roster change comes as the powerful committee tackles the next surface reauthorization bill.

The revenue bonds will fund highway improvements expected to spur economic development in West Alabama.

The muni market is dealing with elevated supply this week and secondary flows have "reacted in tandem," said Kim Olsan, senior fixed income portfolio manager at NewSquare Capital.

Fortress Investment Group bought the property in 2021 after it was largely destroyed by Hurricanes Irma and Maria and financed a major renovation that featured reinforcement standards designed to protect against a category 5 hurricane.

After selling $260 million of voter-approved bonds for the project, county officials are eyeing a sales tax ballot measure in 2026 to cover the higher cost.

The county treasurer's new report describing large hikes in Chicago residential tax bills effectively takes property tax hikes off the table for the city.

The transaction, which supports the Navajo community in Ganado, Arizona, represents a major landmark in furthering Native American health care infrastructure, overcoming hurdles tribal governments typically face in issuing municipal debt to open a replicable path to market other indigenous health systems can follow.

This movement comes on the heels of muni yields remaining relatively unchanged throughout November.

City Council President Jean-Paul Morrell said Mayor LaToya Cantrell had engaged in a "breathtaking abdication" of her job.

A New York state board advanced three proposals to build casinos in New York City, two in Queens and one in the Bronx.

The toll road agency's financial and other practices were targeted in a November legislative study, which could lead to another round of reform legislation.

The muni market recorded its fourth straight month of positive returns in November and December is likely to keep the streak going with another strong month to round out the year.

Sterling College is one of 10 federally recognized work colleges, a designation that means students are required to work as part of their courses.

November volume was $38.487 billion, up 51.1% from $25.47 billion in 2024. This is above November's 10-year average of $33.743 billion.

King County, Washington plans a $422.2 million competitive sale of limited tax general obligation bonds for Wednesday.

The new debt is a "bridge loan" until the company can raise fresh financing, a bondholder said.

The deal combined the benefits of a green designation with a massive, highly visible airport project.

Preliminary November issuance figures are at $37.054 billion, up 45.5% year-over-year, according to LSEG.

Bond issuers in the water sector are concerned about a reduction in WIFIA loan closings as some point to competition from municipal bonds as a cause for a decline in their popularity.