Public finance

Local and state officials, labor, and policy groups have begun putting stakes down over how to split up the federal infrastructure windfall for Illinois.

Assets ranging from airports, utilities and toll roads may come into play under P3 provisions in the infrastructure bill, which could attract public pension infrastructure investment.

The nation's second-largest county heads into the market next week with a GO refunding buoyed by an upgrade and an outlook boost.

While certain parties are making deals with the Oversight Board on the Plan of Adjustment, holdouts remain.

The bank will also be an investment account manager for the state's $12.5 billion Short-Term Investment Fund, Treasurer Shawn Wooden said.

Municipals were quiet on Monday following Friday's rally and ahead of the $9.6 billion estimated to be priced early in the week before the Veterans Day holiday close Thursday. Connecticut priced for retail.

A broker-dealer firm built around military veterans achieved a milestone with its largest deal as bookrunner.

The bipartisan infrastructure bill passed over the weekend, offering munis an indirect win by providing an influx of funds to state and local authorities.

The state could see nearly $45 billion, the lion's share for highways and public transportation.

Dallas Area Rapid Transit is enjoying a lift in tax revenues amid a drop in ridership during the pandemic.

Two major pieces of President Joe Biden's domestic agenda, which carry implications for the municipal bond market, advanced in the House Friday.

The long end of the municipal curve rallied under a backdrop of stronger-than-expected October jobs data and upward revesions to the prior two months ahead of the arrival of $9.6 billion next week.

While this hurdle has apparently been cleared, the road to approval for the Plan of Adjustment remains bumpy.

Moody's joined the other three rating agencies in returning O'Hare's outlook to stable as Chicago plans to tap an up to $2.3 billion new money and refunding authorization next year.

A first-time home buyer program would be fueled by a huge bond component, if Sen. Robert Hertzberg gets lawmakers to put it on the ballot and voters approve it.

The county said the increase in shipping volume at the port didn’t cause any congestion for boats or delays in product shipments.

CDFA is advocating for a holistic solution from Congress to address private activity bond challenges.

The board's 8th debt restructuring plan improves funding for a pension trust as well as eliminating cuts to benefits for current retirees, just ahead of the confirmation hearing that begins Monday.

For 35 weeks in a row, investors have put cash into municipal bond funds as Refinitiv Lipper reported $603 million of inflows while high-yield funds eked out a gain of slightly more than $1 million.

The municipal bond market is closely watching proposals from the House and the Senate to overhaul the SALT federal deduction cap.