Bonds

Philadelphia Mayor Cherelle Parker’s $6.3 billion budget, the first of her tenure signed into law in the summer, represents her administration’s commitment to making Philadelphia “the safest, cleanest, greenest big city in the nation, with access to economic opportunity for all.” Parker, who became Philadelphia’s 100th mayor and the first woman to hold the position

Municipals were steady Wednesday ignoring the volatility in U.S. Treasuries and equities, which whipsawed following the Federal Reserve’s 50-basis point rate cut, before both closing the session weaker. Municipal triple-A yields were little changed while USTs closed the session weaker by to eight basis points out long. For municipals, Wednesday “marks a crucial step forward,

On Tuesday, former President Trump announced support for lifting the cap on the State and Local Tax deduction, a move which has wide support from municipal bond issuers.  Trump made the announcement via his Truth Social network as part of a personal post saying, “I will turn it around, get SALT back, lower your taxes,

The Securities and Exchange Commission’s Office of Municipal Securities director Dave Sanchez has a warning for advisors working on municipal market-adjacent deals like public-private partnerships or workforce housing: we’re watching you. Issuers, though not responsible for their municipal advisors, should be proactive in ensuring the firms are playing by the rules, said Sanchez, speaking Tuesday

A Major League Soccer stadium in Frisco, Texas, will undergo bond-financed renovations under an agreement approved Tuesday by the city council.  The Frisco Community Development Corp. will issue up to $182 million of sales tax revenue bonds for the Toyota Stadium project, which must commence by Dec. 31, 2025, and be completed by the end

The Financial Industry Regulatory Authority has fined Pershing, a subsidiary of the Bank of New York, $42,000 for failing to include the non-transaction-based compensation indicator on 23,000 municipal securities transactions, violating Municipal Securities Rulemaking Board Rules G-14 on customer transaction reporting and G-27 on supervision. Pershing also violated FINRA Rules 6730, 3110 and 2010, consented

“When we get it right, it gets more money back to the schools and communities we all live in. If you can save them some money, it can mean available funds to hire another teacher or fire fighter. When we do our best work, we make people’s lives better,” Jennifer Arndt said. Title: DirectorFirm: Masterson AdvisorsAge: 39

“I worked on climate resilient infrastructure and I worked on projects all over the world. Then the pandemic happened,” recalled Bain. Title: Director of Strategy, Treasury, Office of the CFOFirm: City of DetroitAge: 31 While studying comparative literature at the University of Michigan, Kevin Bain met an adjunct professor who worked at the World Bank.

“The special thing about BAM is having access to people like Martin [Arrick] and [CEO] Seán McCarthy from a really young age,” Calabrese said. Title: Vice President, Public FinanceFirm: Build America MutualAge: 30 Gia Calabrese is credited with spearheading dramatic growth in Build America Mutual’s insured healthcare portfolio over the past two years, the latest

“I love seeing the results of what I am working on, like when a bridge or a school gets built. It’s very rewarding,” said Charlebois. Title: Of CounselFirm: Ballard Spahr LLPAge: 39 Michael Charlebois, an attorney in Ballard Spahr’s national finance department, focuses his work on bond financings for nonprofit organizations, such as charter and

“My greatest career accomplishment is working for the state and helping bring forward the story of its improving financial trajectory under the current administration. We have achieved nine credit upgrades so far,” said Chevalier. Title: Deputy Debt ManagerFirm: State of IllinoisAge: 39 Elizabeth Chevalier began her career in 2006 as an intern at Scott Balice

“I had some really good mentors that really helped propel my career,” Gellert said. “To pass that along really means a lot to me.” Title: Senior Vice PresidentFirm: Loop Capital MarketsAge: 33 During his 11 years at Loop Capital Markets, David Gellert has become the in-house expert on tender offers, putting him in the middle

“As one of two model officers, Pat was instrumental in authoring the new criteria and presenting it for approval,” said Arlene Bohner, head of U.S. Public Finance at Fitch. Title: Director, U.S. Public FinanceFirm: Fitch RatingsAge: 28 The need for capital in the municipal market first resonated for Patrick Goggins during a summer internship at

“Hearing how these institutions issue debt to meet the needs for students was very interesting to me,” said Gupta. Title: Associate DirectorFirm: S&P Global RatingsAge: 32 When she first “fell into” the municipal market as an analyst at S&P Global Ratings, Gauri Gupta was impressed by the size and scope of the industry and intrigued

“My role as assistant city treasurer exposed me to the best bankers, attorneys and advisors across the country,” said Keola Harrington. Title: CFOFirm: Philadelphia Parking AuthorityAge: 36 As chief financial officer of the Philadelphia Parking Authority, Keola Harrington oversees all financial operations, including finance, accounting, revenue, payroll, procurement and risk management of a $300 million

Municipals were steady to slightly firmer in spots with several large new-issues pricing in the primary as U.S. Treasury yields fell and equities were mixed as market participants await the FOMC rate decision Wednesday. “It’s all but a sure thing that the Fed will cut this week, but by how much is still up for

Franklin County, Ohio, will issue $138.2 million of lease revenue anticipation refunding bonds through the Franklin County Convention Facilities Authority to refund or redeem outstanding Build America Bonds. The proceeds of the Series 2024 refunding bonds will also be used to consolidate the existing rental reserve and debt service reserve fund into a restructured rental

An Oregon American Indian tribe is suing the U.S. Bureau of Ocean Energy Management over its approval of coastal leases for offshore wind projects. The Confederated Tribes of Coos, Lower Umpqua and Siuslaw Indians filed the suit Friday in U.S. District Court in Eugene against the ocean energy bureau, accusing it of violating two federal

In a sweeping move, the Securities and Exchange Commission has charged 12 municipal advisor firms with failing to maintain and preserve certain electronic communications, collecting civil penalties ranging from $40,000 to $324,000 for a total of $1.3 million. That’s the latest in the commission’s two-year pursuit of “off-channel” communications in the finance sector, this time

Transcription: Transcripts are generated using a combination of speech recognition software and human transcribers, and may contain errors. Please check the corresponding audio for the authoritative record. Michael Scarchilli (00:06): Hi everyone and welcome to The Bond Buyer Podcast, your essential resource for insights into everything municipal finance. I’m Michael Scarchilli, Editor-in-Chief of The Bond

Colorado’s metropolitan districts face constrained revenue growth due to flat or slightly falling property values, but their creditworthiness is likely to remain stable through 2025, according to Moody’s Ratings. The districts, which finance public infrastructure for housing developments through property taxes levied on the new tracts, enjoyed strong gains in their taxing headroom from the