Today In The Markets

Dallas would ramp up contributions to its Police and Fire Pension System over five years and could pursue additional funding options, including pension obligation bonds and using a portion of sales taxes earmarked for mass transit, under recommendations presented to a city council committee.  Jack Ireland, Dallas’ chief financial officer, told the Ad Hoc Committee

A tax measure to shore up funding for the San Francisco Bay Area Rapid Transit district approved by the California Senate Friday could be derailed by local opposition before it hits the 2026 ballot. Senate Bill 1031, authored by Sen. Scott Wiener, D-San Francisco, and Sen. Aisha Wahab, D-Hayward, passed the Senate Friday on a

Munis were little changed to a touch weaker Monday on the heels of last week’s market correction, mostly ignoring U.S. Treasury market moves to higher yields, while equities were mixed late in the session. Munis sold off last week “as the anticipated market correction may have finally started ahead of the summer reinvestment period,” said

It may be time to revisit an old but compelling solution to clean up the $4 trillion municipal bond market — state-based bond banks that take over borrowing responsibilities from the thousands of small local governments that dominate the market. That’s the proposal from a pair of high-profile muni market experts: Kent Hiteshew, former director

The Internal Revenue Service has contacted the city of Castroville, Texas informing them of an examination of bond issuances that date back to 2015 and total $15.6 million. “On May 21, 2024, the city received notice, dated May 15, 2024, from the Internal Revenue Service that the service is conducting an examination of the obligations,”

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. Mike Scarchilli (00:05):Hi everyone and welcome to the Bond Buyer Podcast, your go-to source for all things municipal finance. I’m Mike Scarchilli, Editor-in-Chief of the Bond Buyer. And

Colorado Gov. Jared Polis declared “the long wait is over” as he cheered the Biden administration’s action this month to reclassify marijuana in the eyes of the federal government.  The move, which is now in a public comment period, would change marijuana from a Schedule I drug on par with heroin and LSD to Schedule