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Both supply and demand would spike if Congress eliminated future tax-exempt bonds, said Wesly Pate, senior portfolio manager at Income Research + Management.Income Research + Management. Municipal bond buyers appear cool in the face of a potential threat to the tax exemption from Congress, but warn that if it does happen, trading would plummet as

Florida Gov. Ron DeSantis’ proposed fiscal 2025-2026 budget provides no pay increases for most of the state’s workers.Bloomberg News Analysts generally see Florida Gov. Ron DeSantis’ recently proposed fiscal 2025-2026 budget as fiscally responsible, with steps to pay down the debt, reduce overall spending, and strengthen requirements for issuing new debt. The proposed budget comes

“If we can get better efficiencies, better delivery of services, I’m confident that then the public will recognize that we need their assistance,” Houston Mayor John Whitmire told the city council, referring to the potential for seeking additional revenue. Bloomberg News Houston officials unveiled a roadmap on Wednesday to help save millions of dollars for

<img src=”https://public.flourish.studio/visualisation/21601827/thumbnail” width=”100%” alt=”chart visualization” /> Municipals sold off Wednesday, moving higher in sympathy with U.S. Treasuries after hotter-than-expected inflation data showed the Fed may not be able to cut rates this year. Equities ended mixed. Muni yields were cut six to 12 basis points Wednesday, depending on the curve, while UST yields rose eight

“There’s still much work to be done, but we are starting on the right path,” House Speaker Mike Johnson, R-La., said about a budget resolution that outlines topline numbers for a massive tax bill.Bloomberg News The House released its long-awaited budget resolution Wednesday, a key step toward crafting a massive tax package that’s being closely

Enjoy complimentary access to top ideas and insights — selected by our editors. Republican legislators have placed tax-exempt bonds on the regulatory chopping block — as the cost to renew expiring provisions of President Donald Trump’s 2017 Tax Cuts and Jobs Act continues to grow — putting municipal leaders in the eye of a storm.

Noble Network of Charter Schools’ Rowe-Clark Math and Science Academy campus in Chicago. The network’s recent bond sale was a success.Noble Network of Charter Schools Charter schools are a flashpoint across the nation, yet as the larger charter sector reels, particularly those with unrated credits, some remain resilient, including one Midwest charter school that went

<img src=”https://public.flourish.studio/visualisation/21581636/thumbnail” width=”100%” alt=”chart visualization” /> Municipals were weaker as U.S. Treasury yields rose and equities were mixed toward the end. Municipals were cut up to four basis points, depending on the scale, while UST yields rose up to four basis points out long. The two-year municipal to UST ratio Tuesday was at 61%, the

The growth of ETFs in the municipal bond space promotes secondary market liquidity, said Patrick Luby, head of municipals and senior municipal strategist, CreditSights. CreditSights BlackRock converted its high-yield municipal bond mutual fund into an actively-managed high-yield exchange-traded fund this week as ETFs continue to grow in popularity in the muni market. There are now 114 municipal

“We will make the largest investment in water in the history of Texas,” Gov. Greg Abbott said in his Feb. 2 State of the State address. “We will tap into new water supplies and repair pipes to save billions of gallons of water each year.”Bloomberg News Texas Gov. Greg Abbott wants to pour billions of