Muni Minute: Election 2016 Bond Referendums

In the latest installment of Muni Minute – The Bond Buyer's 60-second video series -- we focus on the bond referendums across the United States. We look at California, which has the lion's share of bonds on the ballot and at what it could mean for new issuance volume in 2017.

VOICE OVER: Voters across the United States will see over $70 billion of bond referendums on the election ballot this week. The largest request for new money in 10 years. California takes the lion's share in terms of size and scope as Golden State voters will decide the fate of nearly $42 billion worth of bonds. The largest proposition in the US is a $9 billion dollar California measure that would give schools matching state funds for construction. California holds the 11 biggest bond referendums in the nation. Five of which, are over one billion dollars. Other bond elections of note are in Texas where Austin voters will decide on 720 million and in the El Paso Independent School District which has a $669 million vote set. In Colorado, the Denver School District Number 1 is putting up $572 million for the vote, and the Jefferson Count School District R1 is asking for $535 million to be approved. In 2016, US voters will decide the fate of the biggest slate of municipal bond requests since 2006. I'm Chip Barnett and this has been your Muni Minute.