Public finance

Doña Ana County taxable industrial revenue bonds, which will be sold to participants in the project, will enable the project to access a variety of tax breaks.

The state government is holding back school aid while it waits for lawmakers to pass a budget. That's hurting some schools more than others. 

"A lawsuit like this is probably critical for any future settlements or agreements, because it will (maybe) determine up front if the incoming [board] members, and thus whatever agreements they sign, are valid or not," said Matt Fabian, a partner at Municipal Market Analytics.

Munis have outperformed USTs and corporates by more than 1.0% month-to-date on the heels of this rally so far, BofA strategists said.

Minnesota school districts face a financial crunch as the end of pandemic relief funds coincides with rising expenses, lower enrollment and labor pressures.

For the 24th year, The Bond Buyer editorial board will identify and recognize the year's most outstanding municipal finance transactions. The final deadline for nominations is Friday, October 17.

Troy Pitman has been hired by Wilmington Trust to further western expansion in the public finance segment of its corporate trust business.

The city faces hundreds of child sex abuse claims stemming from a former after-school program volunteer. A recent state law opened the window for old claims.

Fitch cited the system's operating performance and plans for up to $4.2 billion in addional debt.

Munis saw cuts, albeit small ones, for the first time in nearly two weeks as yields rose up to four basis points, depending on the scale.

The East Baton Rouge Sewerage Commission plans to achieve savings by refunding taxable bonds with tax-exempts.

Backers of a voter-approved public safety funding proposition that led to a negative rating outlook by Moody's said the budget fails to comply with the measure.

Capital Group joins a small, but growing number of shops that have added, or considered adding, muni ETFs to their model portfolios.

Unless the state government makes changes to revenue or expenditures Florida faces a combined deficit of $8.1 billion in fiscal years 2027-28 and 2028-29.

Chicago Mayor Brandon Johnson's Financial Future Task Force released an interim report this week on Chicago's structurally imbalanced budget.

The rating agency cited New Jersey's "robust budgetary surplus" while continuing to make actuarially based pension contributions.

By the close, muni yields were bumped up to four basis points, depending on the curve, while UST yields rose two to five basis points.

Walter O'Connor's decades-long tenure as a municipal bond portfolio manager at BlackRock will come to an end next year. 

The deal is expected to conclude in the summer of 2026, and at that time Elon University will operate Queens University of Charlotte.

As the "slope of the municipal yield curve remains extremely steep and long bonds are cheap relative to U.S. Treasuries," Daryl Clements, a portfolio manager at AllianceBernstein, predicts "long municipal bonds have a long way to go until they are considered fair value."