Public finance

The Kentucky State Property and Buildings Commission deal will fund capital improvements and public projects across the state.

The Investment Company Institute reported $2.527 billion of outflows from muni bond mutual funds in the week ending Aug. 31 compared to $765 million of outflows the previous week.

Surging state revenues eased the burden of managing fixed costs, Moody's says in an examination of state liabilities based on fiscal 2021 financial reports.

The shift towards flexible and remote work as a result of COVID-19 has already begun to reshape cities, moving concentration away from the centralized business districts.

Judge Swain may approve the amended version in the next few weeks.

The muni market may get a temporary boost of support this week as investors received $18 billion of maturing and called bond proceeds on Sept. 1.

The short-term funding bill would avoid a government shutdown ahead of midterm elections.

But it still remains slightly higher than it was a year ago.

Amendment 6, one of twelve proposed constitutional amendments the state's voters will decide Nov. 8, would give local officials more flexibility, supporters say.

Investors will be greeted Tuesday with a larger new-issue calendar, estimated at $6.087 billion, up from total sales of $5.551 billion in the week of Aug. 29.

The board says the law will reduce economic activity and government revenues.

Nearly all construction firms have job openings, and more than half said they're seeing projects being scaled back, postponed or canceled.

The team now wants the option to continue discussions through September.

The MBTA's capital program, which relies on nearly $600 million in annual borrowing, has doubled since 2018.

Judge gives Puerto Rico Oversight Board until next week to submit a plan of adjustment.

The 30-member syndicate plans to begin retail order pricing Wednesday with institutional sales planned for Sept. 8 on the new money and refunding GOs.

The Investment Company Institute reported $755 million of outflows from muni bond mutual funds in the week ending August 24 compared to $320 million of inflows the previous week.

Chicago's O'Hare $1.77 billion offering took center stage this week with the city offering a diverse structure to lure buyers.

Many market players have revised their supply projections downward since rising interest rates have slowed down refunding and taxable volumes and general market volatility has stopped some issuers from participating.

Modeled after New York City's Hudson Yards, the plans call for a high-density urban district with a transit terminal and at least 35% affordable housing.