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Municipals were slightly firmer Thursday amid another busy day in the primary market, which saw a $1.1 billion deal from the North Texas Tollway Authority price and $850 million of general obligation bonds from Massachusetts sold in the competitive market. U.S. Treasury yields fell and equities were mixed. The two-year muni-to-Treasury ratio Thursday was at

Chicago released a budget forecast last week projecting that its corporate fund deficit will grow in upcoming years, jumping to $982.4 million in 2025 from $222.9 million at the end of 2024.  The budget from Mayor Brandon Johnson’s administration offered downside and upside out-year scenarios: the negative scenario would be a $1.578 billion gap between

One third of bridges in the U.S. need to be repaired or replaced. But federal infrastructure dollars are helping states chip away at that number, according to the American Road & Transportation Builders Association’s latest annual bridge report. “‘Slow and steady’ describes ongoing state efforts to reduce the number of bridges in poor condition (“structurally

The leaders of the United States Virgin Islands are arguing about whether they should borrow an additional $50 million for what the governor describes as “imperative needs.” Gov. Albert Bryan Jr. asked the legislature to approve an additional $50 million line of credit, but Senate Majority Leader Kenneth Gittens said he had “serious concerns” about

Louisiana has encountered a problem with its first public-private partnership, with the tolling and full opening of a new Belle Chasse bridge delayed for at least seven months. The bridge was to be fully opened in mid-April, but plans are delayed by subsidence of the newly constructed north and south approaches to the new bridge.

Kenneth Lind, whose 45-year career has seen him working on some of this country’s largest projects and developments, has both the kind of storied reputation and local impact that any public servant could only dream of. But outside of his many headline achievements, whether that be the development of Hudson Yards, the extension of the