After the school board resigned, the rating agency put Chicago Public Schools on notice that it will watch how its tricky financial situation is handled.
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The city faces no monetary penalty or monitorship in the final judgment in what those involved are calling an unprecedented move for SEC litigation.
9h ago -
The Municipal Securities Rulemaking Board will hold its first meeting of fiscal 2025 on October 23 and 24, under its new chair, Warren "Bo" Daniels.
9h ago -
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Mulry's career in public finance spanned nearly 40 years. He is remembered as a dedicated and generous colleague and friend.
4h ago -
"Buyer interest comes as forward supply is projected around $20 billion (the high water mark over the last year) while offsetting calls and maturities sit about $2 billion lower, creating a net supply surplus," said Kim Olsan, a senior fixed income portfolio manager at NewSquare Capital.
5h ago
The steady demand for municipal bonds in high-risk areas underscores the complex relationship between climate change and financial markets.
As extreme weather events occur with more frequency across the country, Michael Gaughan, executive director of the Vermont Bond Bank, says municipal bond banks can help smaller communities deal with the effects of them. Gaughan speaks with The Bond Buyer's Lynne Funk on the effects of climate change and how the various levels of government can work together to address it.
Proposed guidelines for federal tax credits could undermine the effort to build a clean hydrogen market, critics say.
Craig Brothers, partner, portfolio manager and co-head of fixed income strategy for Bel Air Investments, joins Bond Buyer senior reporter Keeley Webster and discusses why his firm, primarily invested in California debt, has veered away from California GOs and public works revenue bonds in favor of agency, school district and local government debt.
The district plans to price about $100 million of bonds Thursday, the first since Gov. Ron DeSantis took over control of it by appointing its board of supervisors.
City Comptroller Brad Lander said he's optimistic about the deal, congestion pricing lawsuits and his mayoral campaign.
A lawsuit filed by a business group in federal court in August claims a 2021 Texas law violates free speech protections.
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The Hampton County School District in Varnville, South Carolina has won its dispute over the tax-exempt status of Series 2010 general obligation bonds.
October 16 - Negotiated Bond Sales
Intermountain Power Agency's bond sale comes after Utah lawmakers tweaked a state law to address concerns about its impact on the agency's outstanding debt.
October 16 -
After Minnesota's second-largest healthcare employer was downgraded by rating agencies, the Minnesota Nurses Association took aim at Allina Health's board.
October 16 -
A little-noticed program in Ohio's capital budget is drawing attention after a nonprofit advocacy group called its grants to religious groups unconstitutional.
October 16 -
Supply ramps up this week to an estimated $13.361 billion, with several billion-dollar pricings on tap.
October 15