Public finance

Lucas Janda and Eduardo Cabrera have joined Nickel Hayden Advisors, bringing its staff of registered municipal advisors to seven, the Austin, Texas-based firm announced.

A detailed plan for issuing the bonds, which will be backed by an extension of a 1% special sales tax, is expected by May 15.

MBIA Inc. used National Public Finance Guarantee and MBIA Insurance to "perpetrate a fraud on investors," the COFINA bondholders said.

Many muni participants stayed on the sidelines to start last week due to "the sudden about-face in the Treasury market and uncertainty over how long-lasting the incursion would be," Birch Creek strategists said.

The GASB is looking for comments on its upcoming technical agenda while rolling out a series of videos aimed at helping stakeholders understand government financial reports.

The latest research from The Bond Buyer predicts supply and issuance volume will grow in the months ahead.

The New York Metropolitan Transportation Authority says it has shaved more than $4 billion off construction costs in five years.

The offer was revealed in a disclosure statement and plan of reorganization in the Chapter 11 bankruptcy.

"We are still not overly concerned about the effect of the geopolitical concerns on municipals — in our view, the muni market is well insulated," said Barclays strategists.

A state judge ordered the Arizona Legislature to enact a system for funding public school facilities that is constitutional and set a timeframe for compliance.

Brightline asked S&P to withdraw its rating after the latest downgrade.

Ratings analysts have thrown out warning flags about California schools, but a buyside analyst says they are a good investment.

Market technicals should weaken this month in line with seasonal expectations, with estimated redemption capital of $32 billion compared to estimated supply of $41 billion, said Appleton Partners strategists.

The New Jersey Turnpike Authority will build a bridge half the size it once planned, providing budgetary savings of $4 billion. 

Market Intelligence analyst Jeff Lipton distills what he heard onstage and in the hallways at The Bond Buyer's 2026 National Outlook, from policy uncertainty and the muni tax exemption to AI's growing role and credit risk hotspots.

Moody's cited the district's narrowing financial position as its available fund balance sank to 4.8% of revenue in fiscal 2025.

Glen Carbon, Illinois, has applied to host the state's first NOVA district, a bigger version of a STAR bond district, to support a big mixed-use development.

Rapidly rising property values have led many Republican legislators to back measures that would substantially reduce local government property taxes.

With USTs stable and the "snoozer" of economic data Wednesday morning, the muni market has settled, with muni yields little, said Jeff MacDonald, EVP and head of fixed income strategies at Fiduciary Trust International.

As the next surface transportation reauthorization bill takes form in Congress, the transit sector is making a case for its slice of the pie and expanding the use of private activity bonds.