Tax-exempt bonds

West Virginia Sen. Joe Manchin’s wholesale refusal to back the climate and tax measures in Democrats’ Build Back Better bill deals a final blow to any hopes of passing any provisions of the muni agenda before November.

The disclosure from the Hampton County School District in Varnville, South Carolina provided no details on the status of the bonds, but the form itself indicates there is an audit underway.

Denver will head to the municipal market next week with its biggest new money general obligation bond sale ever at $366.4 million.

The proposal would offset all gas tax losses to the Highway Trust Fund but would still hasten its insolvency.

Industry advocates want to preserve allocation of private activity bonds to the states and help Congress understand the benefits of advance refunding.

The Internal Revenue Service has issued a preliminary determination that bonds issued by the City of Corpus Christi, Texas, may be retroactively taxable.

"Compromises had to be made," Neal said about muni market proposals being dropped from the Build Back Better agenda.

Borrowers are enjoying the strongest market in decades while investors are forced to take what they can get.

The departure of Maryland's second-longest serving state treasurer will leave a void in the public finance community.

Congress approved a one-month extension of surface transportation programs, buying more time to continue negotiations over infrastructure and budget bills.

Friendly market provisions, including a direct-pay bond program and restoration of advance refundings, will head to full House after approval by Ways and Means Committee.

Cheered by the inclusion of key muni market priorities in tax legislation unveiled over the weekend, muni market advocates must now battle to keep them there.

The absence of advance refunding and a direct-pay bond program in the bipartisan infrastructure package has lobbyists pushing for inclusion of those things in the reconciliation bill, a matter only weeks away.

Several cities could eliminate or drastically reduce unfunded pension liabilities, Reason Foundation's Robert Poole found.

The trouble stems from a West Virginia tender offer deal Crews & Associates recommended to an issuer.

The House's powerful speaker will need to win the votes of moderates.

The legislation passed the Senate by 69-30 setting the stage for House lawmakers to work on it and for Senate Democrats to weigh a social infrastructure agenda.

With federal aid rolling out, the municipal credit picture is improving and issuers are coming to market at a faster clip. An infrastructure package could push issuance levels even higher.

More and more investors are becoming interested in social impact bonds, though historically Black colleges and universities are paying higher underwriting fees.

A group of GOP senators is working to put together a more traditional infrastructure bill that would range from $600 to $800 billion dollars.