Trends in the Regions

Houston, Phoenix, and Dallas are taking action to address fiscal challenges brought on by litigation, state actions and a ballot measure.

The New York City Municipal Water Finance Authority is tapping the market for the second time in two months, this time with a $600 million refunding.

Washington's latest official state revenue forecast lopped almost $900 million from projected collections over the next four years.

The series 2025B Black Belt Energy Gas District bonds are rated Baa1 by Moody's Ratings based on Deutsche Bank's key role in the transaction.

As major airlines report losses and scale back forecasts, Cleveland is preparing to go to market April 2 with $125.5 million of revenue bonds for its airport.

Bond-issuing infrastructure districts and development zones were a focus of legislation passed by Utah lawmakers during a session that ended March 7.

The Trump administration has dealt several blows to an already-battered sector. 

The nonprofit Wood River Community Housing Trust uses municipal bonds as part of its toolkit to finance workforce housing in the pricey Sun Valley, Idaho, area.

The Southeast has many of the largest ports and cargo airports in the country along with extensive foreign investment that creates exposure to trade turmoil.

Iowa is considering two bills to expand disaster assistance to local communities, including via a revolving loan fund that may be funded with bonds.

The Lone Star state, the nation's largest exporter of goods, could be hit economically by a tariff war, particularly with Mexico, its biggest trading partner.

Maryland lawmakers proposed a new tax on business-to-business transactions to close a $3 billion budget gap amid the firing of thousands of federal employees.

The $550 million deal from an issuer with two triple-A ratings includes about $250 million for refunding and an $85 million taxable piece.

With at least one important aquifer reaching peak allowable draw this year, Florida's water utilities are looking at a variety of infrastructure approaches.

Illinois will sell $725 million of junior sales tax revenue bonds in a competitive deal pricing Tuesday. The Build Illinois bonds will fund capital projects.

Texas, Oklahoma, and other Southwest states would jump on the bitcoin bandwagon amid a nationwide surge in bills to invest public money in cryptocurrencies.

It was 2024's biggest national conduit. You may not have heard of it. New Hampshire's National Finance Authority has become a big issuer with a low profile.

Issuance in the Far West was up 30.8% year-over-year to $98.9 billion. Muni market observers say issuers tried to beat the uncertainties of the election.

Volume in the Southeast was up 46% in 2024, led by Florida, where municipal bond sales more than doubled to $27.49 billion.

Issuers in the eight-state region sold $103.3 billion of bonds last year, with Texas deals accounting for $68.13 billion of the debt.