Bonds

“When this session ends, we’re going to be providing more funding for public education than ever before in the history of the state of Texas,” Gov. Greg Abbott said at a Texas Public Policy Foundation event on Wednesday.Texas governor’s office Stagnant state funding and rising costs are reducing budget flexibility for Texas school districts, according

Chicago’s Loop in 2024. The city’s alderpeople are divided over a general obligation bond sale, but Mayor Brandon Johnson appears to have enough votes to pass the measure at the next meeting. Bloomberg News Chicago aldermen delayed a vote on $830 million of general obligation bonds at Wednesday’s City Council meeting, but the move only

NAMA’s Susan Gaffney The Municipal Securities Rulemaking Board’s decision to launch a holistic review of its municipal advisor rules is “completely understandable,” National Association of Municipal Advisors Executive Director Susan Gaffney said, but before the MSRB makes any big changes she hopes “it will engage with the MA community.”  The MSRB’s second quarterly board meeting

White Lake Township, Michigan, is facing legal action on two fronts, one of which is related to the cyberattack that sabotaged its bond sale last year.White Lake Township White Lake Township, Michigan, faces a legal threat from the lead underwriter of a bond sale that was compromised by an online hack. Attorneys for Baird, leader

Miami International Airport will sell $526 million of municipal bonds this week. Bloomberg News Miami-Dade County is selling $526 million of aviation revenue bonds this week, as the number of passengers using Miami International Airport continues to bounce back from the pandemic and exceed pre-COVID numbers since the pandemic’s low in 2020. The deal consists

<img src=”https://public.flourish.studio/visualisation/21715678/thumbnail” width=”100%” alt=”chart visualization” /> Municipals were little changed Wednesday as U.S. Treasuries were firmer and equities ended mixed. The two-year municipal to UST ratio Wednesday was at 63%, the five-year at 63%, the 10-year at 66% and the 30-year at 84%, according to Municipal Market Data’s 3 p.m. EST read. ICE Data Services

The Trump administration withdrew approval for New York City’s congestion pricing program citing concerns over the size of the program and the use of proceeds for transit.Bloomberg The Trump administration Wednesday terminated federal approval for New York City’s congestion pricing program just weeks after it took effect. The Metropolitan Transportation Authority immediately headed to federal court

The Texas State Capitol. The state education agency replaced the board and superintendent of the South San ntonio Independent School District. Bloomberg News The Texas Education Agency replaced the entire leadership of the South San Antonio Independent School District. The move announced on Wednesday comes after nearly two decades of dysfunction “resulting in diminished student

“Democrats cannot agree to any permitting reform unless and until the Trump administration ends its lawless disregard for congressional authority and judicial orders,” said Ranking Member Sen. Sheldon Whitehouse. ”Billions in obligated funds remain frozen behind a fog bank of silent executive contumacy in blatant disregard of constitutional separation of powers, direct court orders and basic

The Trump administration has halted formula funds that former President Joe Biden sent to the states to create a national network of electric vehicle charging stations. Dania Maxwell/Bloomberg A dispute over the National Electric Vehicle Infrastructure program, one of the most costly and high-profile programs in former President Joe Biden’s 2021 Infrastructure Investment and Jobs

Tamika Reed has joined Siebert Williams Shank as senior vice president at its new Montgomery, Alabama, office. Siebert Williams Shank hired two professionals for its municipal underwriting team and opened a new office in Montgomery, Alabama. SWS hired Tamika Reed as senior vice president in the new Alabama office and Narineh Panosian as vice president

Marion, Illinois, plans to sell $115 million of STAR bonds to finance the redevelopment of a mall and surrounding parcels of land. City of Marion In a first for the Midwest, a city in southern Illinois plans to use sales tax and revenue bond proceeds to fund a mall redevelopment. Next Wednesday, Stifel will price

“The status quo allows the governor to manufacture budget numbers that support his policy agenda, rather than a consensus approach that would reflect legislative input,” Oklahoma Attorney General Gentner Drummond said.Oklahoma Attorney General’s Office Oklahoma’s fiscal 2026 general revenue fund collections are expected to dip below fiscal 2025 projections as the state considers an income

<img src=”https://public.flourish.studio/visualisation/21697965/thumbnail” width=”100%” alt=”chart visualization” /> The municipal bond market was narrowly mixed ahead of smaller supply slate, while Treasury yields rose and equity prices were marginally lower on the day. The day’s moves led municipal to UST ratios to fall slightly. The two-year municipal to UST ratio Tuesday was at 62%, the five-year at

“I want to be crystal clear with New Yorkers: I never offered — nor did anyone offer on my behalf — any trade of my authority as your mayor for an end to my case. Never,” Mayor Eric Adams said in a statement.NYC Mayoral Photography Office/Michael Appleton New York’s besieged Mayor Eric Adams’ fate rests

“The burden is on State Farm to demonstrate that interim relief is warranted under the circumstances,” California Insurance Commissioner Lara wrote in his letter. “My goal is to make sure policyholders do not have to pay more than is required.”California Insurance Commissioner’s office California Insurance Commissioner Ricardo Lara denied State Farm’s request for “emergency” rate

Elizabeth Fleming Weber passed away Feb. 9 at age 75. A former Women in Public Finance president, Illinois Finance Authority general counsel and partner at Katten Muchin Rosenman, she left a legacy of care and consideration, colleagues said. Former Women in Public Finance President Elizabeth Fleming Weber passed away Feb. 9. She was 75. The

As NASA contemplates relocating, Florida Gov. Ron DeSantis has urged the space agency to move down to the Space Coast around Cape Canaveral.Michelle Bruzzese/Bloomberg The Trump administration’s efforts to shed office space as part of wider cost-cutting measures brings uncertainty for holders of a substantial yet esoteric corner of the municipal bond market — revenue

“I have never thought that a football stadium is the way you attract a grocery store,” said Mendelson. ”When the city was considering the Nationals ballpark, we did look at the RFK site as a potential site for a baseball stadium and it was rejected. It was felt it wasn’t a good site because there wouldn’t

The panel on climate resilience financing at The Bond Buyer National Outlook Conference.Donna Alberico Climate change and preparing for its impact will have costs, according to a panel at The Bond Buyer’s National Outlook Conference, which addressed infrastructure challenges resulting from climate disasters and what role the market will play in creating resilience.  The country

Enjoy complimentary access to top ideas and insights — selected by our editors. 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 (00:05): Hi everyone and welcome to The Bond Buyer Podcast, your go-to source