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“This budget resolution provides the fiscal framework for what will be one of the most consequential pieces of legislation in modern history and the principal legislative vehicle for delivering on President Trump’s America First agenda,” House Budget Chairman Jodey Arrington, R-Texas, said.Allison Robbert/Bloomberg The House Budget Committee late Thursday passed a partisan budget resolution that clears

Sweetwater Union High School District broke ground in May on Castle Park High School’s football stadium. The project is funded partly by the district’s municipal bond program.Sweetwater Union High School District A San Diego-area high school district barred from market access four years ago will ride in Wednesday with a lift from a ratings upgrade

<img src=”https://public.flourish.studio/visualisation/21620339/thumbnail” width=”100%” alt=”chart visualization” /> Municipals were firmer Thursday, as U.S. Treasury yields rallied and equities ended up. The two-year municipal to UST ratio Thursday was at 63%, the five-year at 64%, the 10-year at 67% and the 30-year at 86%, according to Municipal Market Data’s 3 p.m. EST read. ICE Data Services had

“Losing tax-exempt bonds would devastate American communities and set economic development efforts back decades,” said Toby Rittner, president and CEO of the Council of Development Finance Agencies. ”Communities use bonds to finance their built environment, infrastructure, schools and future growth needs. The housing industry uses bonds for affordable, senior and workforce housing. There are no alternatives

As part of a bankruptcy, Jackson Hospital & The Jackson Hospital and Clinic of Montgomery, Alabama, has entered Chapter 11 bankruptcy, affecting $61 million of bond debt it defaulted on in September. The hospital owes an additional $5 million bridge loan to bondholders and has more than $100 million in trade debt to vendors and

Moody’s Ratings this week upgraded a big hospital system in Texas and downgraded another in New Mexico, affecting billions of dollars of outstanding debt. Moody’s Ratings this week upgraded a big hospital system in Texas and downgraded another in New Mexico, affecting billions of dollars of outstanding debt. The rating for Baylor Scott & White

“This will lower borrowing costs and free up valuable resources to ensure our communities can continue to develop projects that advance economic growth,” said Indiana GOP Rep. Rudy Yakym of a bill that would restore tax-exempt advance refunding.Rep. Rudy Yakym’s office Cities, states and other municipal bond issuers would regain the ability to advance refund

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