Public finance

Gov Maura Healey touted new spending on green energy, transportation, and housing in releasing the five-year Capital Investment Plan.

Hope is alive for muni priorities following a Bond Dealers of America visit to Capitol Hill this week.

What's the impact of hybrid work on the city's commercial office market and property tax revenues? It may be less than you think, according to Comptroller Brad Lander.

Moody's boosted CalHFA's rating to Aa2, following a similar move by S&P in December.

The plan includes a bump to public employee salaries and new spending on education.

Municipal bond mutual fund inflows returned as Refinitiv Lipper reported investors added $672.288 million for the week ending Wednesday following $256.532 million of outflows the week prior.

The task force expects to "form sub-groups to address specific pension issues and dedicated revenue as part of a comprehensive and balanced approach."

The upgrades brought the Orange County Transportation Authority managed lanes toll credit to double-A levels across the board.

The plan of adjustment hearing scheduled for late July will be postponed.

The gap next year is up from the $18.2 million shortfall projected heading into the fiscal 2023 budget season but down from the $121.4 million projection in 2022 and the expected near-record $410 million hole that loomed in 2021.

Board asks judge to exclude bondholders' expert testimony and reports from plan of adjustment hearing.

The "act to increase compliance by counties and municipalities that fail to timely submit an annual audit report," was called too harsh by Gov. Roy Cooper.

The Investment Company Institute reported investors added $16 million to municipal bond mutual funds in the week ending June 14, after $495 million of inflows the previous week.

The Economic Development Administration, which hasn't been reauthorized in close to twenty years, should focus on grants, workforce development, and disaster relief, local leaders said.

Palomar Health had its outlook revised to negative by Moody's, affecting $672.5 million in outstanding debt.

Jack Brofman will start at the University of Chicago July 17 as executive director of global treasury operations.

The construction manager of the beleaguered mall/entertainment complex in New Jersey says it is owed more than $30 million for unpaid work and accrued interest.

Due to the Fed meeting-induced lighter new-issue calendar last week, and a holiday-shortened week this week, Birch Creek strategists said, "buyers had no qualms about putting cash to work."

New or increased fees on electric vehicles are the second-most popular category among transportation state legislation so far this year, per ARTBA.

There is a growing likelihood that the July 17 plan of adjustment hearing will be postponed.