The bank's termination of its membership in the Net-Zero Banking Alliance ended a state review that could have led to a ban for governmental contracts.
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Municipals are seeing losses of 1.82% in December, which has dragged down overall gains to just 0.68% for 2024, per the Bloomberg Municipal Index.
December 20
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Bond issuers are establishing common reserve funds to spur economic growth while also generating income, but risk is involved.
December 20
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The Trump administration may cut the Affordable Care Act and Medicaid, which threatens to land on a hospital sector still recovering from the COVID-19 pandemic.
December 20
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The San Diego County-based hospital system's financial woes were dire enough to earn junk ratings from Fitch Ratings, Moody's Ratings and S&P Global Ratings earlier this year. Fitch further downgraded the already junk ratings on Wednesday.
December 20
A bipartisan agreement on a continuing resolution to keep the government open fell apart after intervention from President-elect Trump and Elon Musk, raising concerns about federal funds flowing to states, local governments, and infrastructure projects.
Voters in November approved measures to split the Alpine School District, which has more than $500 million of outstanding bonds, into three systems.
While tax and bond measures fared well in California's November election, reformers are taking aim at the state's slow certification process.
The steady demand for municipal bonds in high-risk areas underscores the complex relationship between climate change and financial markets.
Oppenheimer's Head of Public Finance Beth Coolidge and Columbus Auditor Megan Kilgore delve into the future of public finance and human infrastructure on a wide range of topics, from affordable housing and workforce development to public health, climate resiliency, and digital access.
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.
Bond Buyer senior reporter Keeley Webster hosted a wide-ranging discussion on the state's fall bond slate, housing, and second-term priorities with California Treasurer Fiona Ma and Deputy Treasurer of Public Finance John Sheldon.
Issuance of housing bonds for the first half of the year was at $22.243 billion in 357 issues, up 31.7% from 1H 2023's figure of $16.891 billion in 381 issues.
The central Texas city of Clyde said it issued tax and revenue anticipation notes with a 9.5% interest rate to repay its insurers after an Aug. 1 bond default.
The NFMA has floated best disclosure practices for public power agencies that ask for more data on climate and resiliency goals.
A circuit court judge earlier this year struck down the law prohibiting state and local government contracts with firms "boycotting" the fossil fuel industry.
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It's hard enough convincing local governments to spend money on cyber insurance that covers ransomware attacks, said Omid Rahmani, public finance cybersecurity lead at Fitch Ratings. The new and very specific threat of a hacked financing process, is "absolutely" underappreciated by the public finance industry.
December 19
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The challenge to the 2022 approval of bonds for a PACE program could "catastrophically undermine" the finality of all Florida bond validations, the agency said.
December 19
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As the market prepares for 2025, there's a lot of uncertainty around what the new administration will mean for the macroeconomic environment and interest rates, the latter of which may be impacted by policy around the deficit, said Steve Shutz, portfolio manager and director of tax-exempt fixed income at Brown Advisory.
December 18
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Robert McDermott has joined the firm as a director.
December 18
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Despite the approval, hurdles remain, including the team's request for more money from the government, which they say delayed approval of the bonds, leading to additional construction costs.
December 18
