Public finance

Illinois Gov. J.B. Pritzker signed legislation sending a portion of the state's surplus to the budget stabilization fund and raising the target balance.

Most recently a California deputy treasurer, Schaefer was a trader, a banker and advisor with a deep legacy as a municipal bond market expert and mentor.

Small businesses that are certified to work for either Chicago or Philadelphia's transit agency will now be able to work for the partner agency as well.

She joins the recent additions of Steve Bolden, Jani Lotz and Justin Mapes in Dallas to bolster the firm's Texas presence.

Certain Puerto Rico issuers with over $5 billion outstanding continue paying bondholders in full and on time.

Investors will be greeted Monday with a new-issue calendar estimated at $4.303 billion.

"Let's face it, the state of our trains, roads, and bridges today is unacceptable," Massachusetts Gov. Maura Healey said in her inaugural address.

The $242 million payment that's being made in addition to regularly scheduled contributions launches the city's policy aimed at staving off growth in its unfunded liabilities, a goal made all the more urgent by the beating pension funds are taking on their investments.

The crisis over House leadership raises risks for muni issuers, while investors say it's time to drill down to the individual credit level.

Outflows continued as Refinitiv Lipper reported $2.477 billion was pulled from municipal bond mutual funds in the week ending Wednesday after $1.946 billion of outflows the week prior.

Chicago returns to the market later this month with a deal under its Sales Tax Securitization Corp. credit that will offer the city's first social-designated bonds along with a refunding piece that includes the paydown of GO bonds through a tender.

As a result of low projected available capacity, some school districts may not get the program's triple-A ratings for their bond sales.

Gov. Jay Inslee wants a $4 billion bond referendum for housing that would be outside the state's debt limit. State lawmakers must approve first.

The Bond Buyer takes a look back and remembers those in the public finance industry who died in 2022.

The Oversight Board seeks to recover $1.42 billion in fees on bond deals and interest rate swaps.

Low temperatures in Mississippi's capital on Christmas Eve caused pipes to burst across the city. Utility crews are struggling to make repairs.

California's state water board asked IBank to issue $650 million in water revenue bonds.

The administration gave priority to large bridge projects that are ready to proceed with construction.

While the turnpike authority is mulling an appeal of an Open Meeting Act violation judgment, lawyers for property owners are preparing to sue over money paid to contractors.

Passenger counts at the three airports were higher in November than in November 2019, marking the first month they beat a pre-pandemic comparison.