Municipal financial advisors saw more business in the first half, accounting for $203.285 billion in 2,999 transactions in 1H 2024. This is up from the $147.929 billion in 2,711 deals in the 1H 2023.
Kaufman Hall & Associates, Caine Mitter & Associates, KNN Public Finance entered the Top 10, while CSG Advisors, Estrada Hinojosa and Columbia Capital Management were bumped.
The largest is an up to $2 billion issue to replace the I-10 Calcasieu River Bridge.
"While supply has been outsized over the last several weeks, the market has also seen outsized reinvestment demand over the last several months," said Nuveen strategists.
Kaufman Hall & Associates, Caine Mitter & Associates, KNN Public Finance entered the Top 10, while CSG Advisors, Estrada Hinojosa and Columbia Capital Management were bumped.
Revenue from the sales tax could be used to issue long-term debt to reduce the extensive backlog of city projects.
Vance has called for eliminating the SALT deduction, calling it "massively redistributive toward the lower- and middle-income brackets."
Philadelphia-based Janney Montgomery Scott has been fined by the Financial Industry Regulatory Authority for reporting inaccurate times of trade on 391 municipal securities transactions.
