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The Massachusetts Bay Transit Authority priced more than $1 billion of senior sales tax bonds to good demand as the issuer confronts the challenges of ridership and revenue losses like other transit agencies across the country in a post-COVID remote-work environment. The MBTA also refunded $377 million of outstanding Build America Bonds using an extraordinary

In November 2023, when municipal bonds for the New Terminal One project at John F. Kennedy International Airport first came to market, the project’s team invited investors to look at the construction site. The steel frame of the terminal thrust out of the dirt. Construction workers were installing utility pipes underground. The investors could hear

New York City balanced its largest-ever budget in a weekend deal days before the July 1 deadline. Better-than-expected revenues, a strong economy and savings on asylum seeker programs allowed the city to restore cuts to social services. But analysts warn the city’s bad budgeting habits remain. “While the administration made modest inroads in funding chronically