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Sen. John Cornyn, R-Texas, in 2017 led the charge to save tax-exempt private activity bonds that had been axed in an early House draft of the Tax Cuts and Jobs Act. Al Drago/Bloomberg House and Senate tax staff and members seemed receptive to the Bond Dealers of America’s plea to preserve the municipal bond tax

Pennsylvania Gov. Josh Shapiro at the State Capitol in Harrisburg on Feb. 28, 2024.Bloomberg News The 2024 election results created national political upheaval, but in Pennsylvania, voters sent their state legislators back to Harrisburg with the exact same margins. “The good people of Pennsylvania looked at all we’ve accomplished together,” Gov. Josh Shapiro said in

The regulatory outlook “at this moment is uncertain,” Municipal Securities Rulemaking Board CEO Mark Kim said Thursday, adding that the financial regulation priorities of the new administration in Washington remain largely unclear.  “We obviously have a new administration, but that administration has not articulated very clear priorities with regards to financial regulation of our markets,”

University of Louisville Hospital, which is one of the hospitals in the UofL Health system.Bloomberg News Fitch Ratings downgraded UofL Health, Inc., Kentucky’s issuer default rating and Series 2022A & 2022B revenue bonds to BBB from BBB-plus. The outlook is stable.UofL Health has $564 million in debt plus an additional $423 million in operating lease

University of Louisville Hospital, which is one of the hospitals in the UofL Health system.Bloomberg News Fitch Ratings downgraded UofL Health, Inc., Kentucky’s issuer default rating and Series 2022A & 2022B revenue bonds to BBB from BBB-plus. The outlook is stable.UofL Health has $564 million in debt plus an additional $423 million in operating lease

<img src=”https://public.flourish.studio/visualisation/21507641/thumbnail” width=”100%” alt=”chart visualization” /> The muni mark took a breather Thursday, as yields were little changed, while inflows into muni mutual funds exceeded $1 billion. U.S. Treasuries were slightly weaker and equities were mixed toward the close. President Trump’s tariff threats against America’s primary trading partners could be bullish for bonds, somewhat mitigated

<img src=”https://public.flourish.studio/visualisation/21507641/thumbnail” width=”100%” alt=”chart visualization” /> The muni mark took a breather Thursday, as yields were little changed, while inflows into muni mutual funds exceeded $1 billion. U.S. Treasuries were slightly weaker and equities were mixed toward the close. President Trump’s tariff threats against America’s primary trading partners could be bullish for bonds, somewhat mitigated

“We have to rethink the federal-state partnership. I don’t know if it’s been working so well,” said Transportation Secretary Sean Duffy, addressing the American Association of State Highway and Transportation Officials.Kent Nishimura/Bloomberg As the Trump administration attempts to conform federal spending to its priorities and policies, the U.S. Department of Transportation has issued an order

New York has “pretty strong revenues, better than they anticipated,” said Howard Cure of Evercore Wealth Management. “The threat is cuts to some federal programs, and if the city and state are willing to make up the difference, and how would they fund that?” The New York City Transitional Finance Authority is set to price

Gina Fiorini, Jenny Boulton, Sofia Lykke and Julie Eddington are the new public finance attorneys in Kutak Rock’s Minneapolis office.Kutak Rock Kutak Rock LLP has doubled its public finance footprint in Minnesota with the addition of four new public finance attorneys to its team. Jenny Boulton, Julie Eddington, Gina Fiorini and Sofia Lykke have joined

Hawaiian Airlines is the largest airline in Hawaii with extensive inter-island service. Hawaiian Airlines When the Hawaii Department of Transportation heads to market Feb. 13 to sell up to $855 million of tax-exempt airport system revenue bonds, it will do so with across-the-board double-A ratings after receiving a ratings boost from Moody’s Ratings. Moody’s upgraded

A map of Detroit’s public schools. The district has sued the state Treasury Department for the right to use operating tax proceeds to pay down bonds and other debt. Bloomberg News The funding future of Detroit’s public schools is playing out in a state court. A Michigan Court of Claims judge on Wednesday denied the

A new MARTA train is shown off in a special event Jan. 30 at the system’s Lindbergh station.MARTA The Metropolitan Atlanta Rapid Transit Authority is coming to market with a triple-A-rated negotiated sale of green bonds to refund issuances from 2020 and 2021 while also financing a major upgrade to its rolling stock.   “When I

Dia Walrath joined BAM as an associate counsel and vice president in its San Francisco office. BAM Mutual has hired Dia Walrath, a former counsel in the public finance department at Nixon Peabody, as an associate counsel and vice president out of its San Francisco office. As part of her new role, she, like others