Bonds

University of Idaho President Scott Green has been a driving force behind plans to acquire the online University of Phoenix.University of Idaho The University of Idaho’s plans to acquire the online University of Phoenix for $685 million hit another speed bump: the state Supreme Court overturned a lower court’s support for the plan. The university

The St. Petersburg, Florida, City Council approved bonds to help pay for a new stadium for the Tampa Bay Rays.Bloomberg News The Tampa Bay Rays moved a step closer to a new stadium, as the St. Petersburg, Florida, City Council voted 4 to 3 Thursday to approve $333.5 million in bonds for that project and

Kevin Bain, formerly Detroit’s director of strategy, has joined Public Sector Consultants. Kevin Bain, formerly director of strategy for the city of Detroit, has joined Public Sector Consultants as a senior strategist for climate and project finance. The nonpartisan public policy consulting firm’s reputation and history of innovation in the green bank space drew him

“A lot of the strategists and pundits who petitioned Senators and Congressmen on our behalf for the municipal market have their hair on fire, worried that the exemption is going to go away,” said Eric Kazatsky, head of Municipal Strategy for Bloomberg Intelligence. ”It’s not as easy as just saying with the stroke of the pen

Massive fires burning in northern California and Oregon in September blanketed San Francisco with smoke.Bloomberg News Wildfire resilience projects became the first beneficiary of California’s Climate Catalyst Revolving Fund — created as part of a larger package of ESG-related efforts by Gov. Gavin Newsom in 2019. The state’s Infrastructure and Economic Bank, charged with running

Bernhard Moos Elementary School, part of the Chicago Public Schools system, in 2022. S&P Global Ratings released a report on the Chicago Board of Education this week, Bloomberg News S&P Global Ratings released a report this week warning that the credit trajectory of the Chicago Board of Education will hinge on the outcome of current

<img src=”https://public.flourish.studio/visualisation/20648548/thumbnail” width=”100%” alt=”chart visualization” /> Municipal bonds were little changed in secondary trading as the focus shifted to the primary market amid several large deals while municipal bond mutual fund inflows topped $1 billion. U.S. Treasuries were mixed and equities ended in the red. Lipper reported fund inflows of $1.154 billion for the week

A “sophisticated” cyber security attack compromised the closing of a recent Michigan township competitive deal to finance a Civic Center project, according to township officials. White Lake Charter Township, Michigan, sold $29 million of limited tax general obligation bonds, Series 2024B, to Baird on Oct. 31. On the Nov. 21 closing date, the township learned

PREPA says it has only enough money to pay pensions through March. The performance and financial condition of the Puerto Rico Electric Power Authority, its generation operator Genera and its transmission and distribution operator LUMA have raised concerns, by the entities themselves as well as outside observers in the past few weeks. PREPA said it

“Do I lay awake at night worrying about the debt and the deficit of U.S. government right now?” said Jay Bryson, chief economist at Wells Fargo. “No, I don’t, largely because there’s no alternative to Treasury securities. They are the deepest, most liquid, transparent financial market in the world.”Wells Fargo Economists are figuring out the

“I think it’s important for the muni industry to be well represented within the Treasury and the federal government,” said Kent Hiteshaw, who held the position prior to Moye. ”There are few other federal agencies where we have any direct input, and this may be particularly timely in light of the anticipated tax bill next year.” The

Longtime Washtenaw County, Michigan treasurer Catherine McClary, who died Dec. 2, was well-known in Midwest public finance circles for her activism and ability to pilot innovative policies later adopted by other counties.Washtenaw County, Mich. Longtime Washtenaw County, Michigan treasurer Catherine McClary was remembered this week as a trailblazer, role model and prominent voice for social

Michigan state and local elected leaders gathered in Lansing to urge Gov. Gretchen Whitmer and the state Senate to make the local government revenue sharing trust fund a priority. Bloomberg News Legislation to create a revenue sharing trust fund for local governments in Michigan has stalled in the state Senate, and on Tuesday, a group

The University of Central Florida’s downtown Orlando campus is served by the student housing project that is being acquired by nonprofit Provident Resources Group.UCF/Nick Leyva In the context of a struggling higher education sector but high demand for high-yield paper, Florida’s Capital Projects Housing Authority is pricing $144 million in speculative-grade and unrated housing revenue

Enjoy complimentary access to top ideas and insights — selected by our editors. Issuance of housing bonds for the first half of the year was at $22.243 billion in 357 issues, up 31.7% from 1H 2023’s figure of $16.891 billion in 381 issues. Volume rose in both the first and second quarters, with the former

<img src=”https://public.flourish.studio/visualisation/20627705/thumbnail” width=”100%” alt=”chart visualization” /> Municipals were steady Wednesday as the market saw another heavy slate of new issuance and inflows continued into muni mutual funds. U.S. Treasuries made gains and equities broke more records. Federal Reserve Board Chair Jerome Powell in a televised interview Wednesday said “little to alter the market’s view that

Tax-exempt Liberty Bonds that financed the Frank Gehry-designed 8 Spruce apartments were refinanced this week.Adobe Stock Blackstone Inc. is refinancing $550 million of municipal debt for 8 Spruce St., a 76-story residential tower in downtown Manhattan designed by famed architect Frank Gehry.   New York City’s Housing Development Corp. priced the debt Tuesday on behalf of

Federal Reserve Chair Jerome PowellBloomberg News NEW YORK — Federal Reserve Chair Jerome Powell is not worried about a so-called “shadow chair” undermining him during the Trump administration. “I don’t think that’s on the table at all,” Powell said during an onstage interview with journalist and anchor Andrew Ross Sorkin on Wednesday. The idea of

 ”There has been a fairly persistent resistance to embrace fiscal sustainability,” said Jared Bernstein, the chairman of the Council of Economic Advisers at The White House.  “The only way that changes is with a forcing event, and perhaps one of the few forces that could potentially discipline the Trump administration in this regard is the bond

Chicago will go to market Thursday with a refinancing that will help close its 2024 budget gap in the midst of heated negotiations over the 2025 budget.Bloomberg News RBC Capital Markets will price for Chicago $806 million of bonds on Thursday, a refinancing that will help close the city’s fiscal 2024 budget gap.  The city

A rendering of the “party car” on Brightline West’s high-speed electric train between Las Vegas and southern California. Brightline West Brightline West, the high-speed rail line between Las Vegas and southern California that broke ground in April, is eyeing its biggest borrowing to date in the next several weeks. In a notice on the Electronic