Sales tax

Wells Fargo Securities will price for the Chicago Transit Authority $575 million of first and second lien sales tax receipts bonds on Thursday, Feb. 5.

Alaska Gov. Mike Dunleavy proposed a statewide sales tax as part of his plan to deal with a budget deficit brought on by declining oil revenues.

Dallas Area Rapid Transit's moratorium on new debt issuance comes as voters in five of its 13 member cities will decide whether to withdraw from the agency.

A plan before county commissioners to put a 0.625% permanent sales tax on the April ballot to complete a bond-financed jail project failed to advance.

Governors plan to cut taxes and expand school vouchers across many of the Midwest's Republican-led states in fiscal year 2027.

Bank of America and Wells Fargo will lead underwriting for $1.8 billion of sales tax and revenue bonds issued through the Kansas Development Finance Authority.

University Park joined four other cities in placing measures on the May 2 ballot asking voters to decide whether to withdraw from Dallas Area Rapid Transit.

Platte County, Missouri, formally withdraws from public financing of a shopping center that sparked court battles after its sales tax revenues began to falter.

The Kansas City Chiefs will leave Missouri for Kansas, where sales tax and revenue bonds will help finance a $3 billion domed stadium expected to open in 2031.

Illinois Gov. JB Pritzker signed a raft of major bills into law over the past week, culminating with the Northern Illinois Transit Authority Act.

Four of Dallas Area Rapid Transit's 13 member cities took action to ask voters in May whether they want to withdraw from the agency.

After selling $260 million of voter-approved bonds for the project, county officials are eyeing a sales tax ballot measure in 2026 to cover the higher cost.

Illinois lawmakers sent Gov. JB Pritzker a bill to facilitate the use of STAR bonds for economic development, which has happened only once in 15 years.

The Dormitory Authority of the State of New York and New York City both saw billion-dollar-plus deals oversubscribed. 

California Gov. Gavin Newsom signed legislation that will place a regional sales tax measure on the November 2026 ballot to aid struggling transit agencies.

The Fayetteville City Council will decide in October whether to put bonds backed by an extension of a one-cent sales tax on the March 2026 ballot.

If Gov. Gavin Newsom signs the two bills, it would be credit positive for San Francisco area transit, Moody's Ratings analysts said.

The mega-mall's investors will receive their second payment since the reserve fund ran dry in 2022.

A 2024 Illinois law changing sales tax distributions has ramifications for the fiscal cliff facing Chicago-area public transit agencies.

Yorkville, Illinois, defaulted on special district bonds for Kendall Marketplace, a shopping center that never evolved into the expected retail powerhouse.