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A Congress that just narrowly avoided a government shutdown is getting a fresh wish list from a wide cross section of organizations of issuers, including calls for preserving the tax exemption on municipal bonds.   The letter originates from the Public Finance Network, which encompasses twenty-four issuer organizations including the Government Finance Officers Association, the National

The Illinois Supreme Court Friday upheld pension consolidation legislation championed by Gov. JB Pritzker that was challenged in court by more than a dozen suburban and downstate police and firefighter pension funds.  The case, Arlington Heights Police Pension Fund et al. v. JB Pritzker et al., had pitted the governor and General Assembly against a

Two public finance professionals helped craft legislation that added whole categories of residential care facilities to the list of borrowers eligible to issue debt through the California Health Facilities Financing Authority. Assembly Bill 839, authored by Assemblymember Dawn Addis, D-Morro Bay, and signed by Gov. Gavin Newsom in October, allows nonprofits that operate independent living,

Georgia Gov. Brian P. Kemp’s proposed amended fiscal 2024 and fiscal 2025 budget includes spending some of the surplus revenue the state has taken in on capital projects rather than issuing bonds this year. The state is estimated to have about $11 billion in surplus cash in its coffers, according to the state Department of

Republican lawmakers in Arizona pushed back on aspects of Gov. Katie Hobbs’ proposed fiscal 2025 budget, particularly its targeting of rising costs for the state’s universal school voucher program. The spending plan, which was unveiled by the Democratic governor Friday and had its first airing Tuesday before the Republican-controlled legislature’s Joint Appropriations Committee, aims to

The state of Wisconsin is embarking on a flurry of debt-related activity as the year begins, with a cash defeasance and three refunding deals that may include tenders on the table in the first quarter. The defeasance was made possible by the state’s 2023-25 biennial budget, which included $400 million to pay down outstanding general

The Federal Reserve should be able to “methodically and carefully” lower its interest rate target this year, if inflation continues to moderate, Federal Reserve Gov. Christopher Waller said Tuesday. “When the time is right to begin lowering rates, I believe it can and should be lowered methodically and carefully,” Waller said in a Brookings event.