In the near term, federal aid is sitting on balance sheets ready to be deployed if some of the downside economic risks become reality, experts say.
The Internal Revenue Service has released guidance providing temporary relief for low-income housing tax credit and private activity bond-financed properties due to the ongoing threat of COVID-19.
Treasury’s final ruling issued last week provides tribes with $10 million in revenue loss allowance and a broader list of capital expenditures.
Treasury’s final rule on the State and Local Coronavirus Fiscal Recovery Fund allows counties to use up to $10 million for general public services and expands the list of eligible water, sewer, and broadband infrastructure projects.
The state expects to cut interest costs through the early repayment on the loan taken out through the Federal Reserve's emergency lending program to help pay down healthcare bills.
The university is planning to sell $500 million of taxable 100-year bonds in the first quarter of 2022.
Municipals are sitting out the ups and downs in equities and UST, with $12 million scheduled for the primary in the final week of 2021.
Entering the third year of a pandemic, higher education is expected to gain stability amid a flood of federal aid.
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Entering the third year of a pandemic, higher education is expected to gain stability amid a flood of federal aid.
December 23
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Tax risks continue to linger as they are preserved as a potential offset for whatever level of spending all 50 Democratic senators can agree to, but potential approval of the legislation remains a question mark.
December 22
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U.S. Treasuries saw losses pushing municipal to UST ratios on the 10- and 30-year lower again.
December 21
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The Build Back Better in its current form essentially has been killed by Sen. Joe Manchin, likely limiting the potential for tax hikes in the coming year.
December 20
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The Securities and Exchange Commission has proposed amendments to its money market fund rules, which it has tinkered with repeatedly since the Great Recession.
December 15
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The port's operating revenue will continue to recover, enabling it to return to a total net revenue debt service coverage ratio of 1.75 times by 2023, the rating agency said.
December 7
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States could be forced to return stimulus aid if the Treasury Department finds the funds were used to offset tax cuts.
December 6
