Bonds

Arizona reactivated a bond program to help rural communities and tribal governments finance infrastructure projects.  The Greater Arizona Development Authority (GADA), which had been dormant for nearly 10 years, began offering financial assistance this month, Gov. Katie Hobbs announced this week.   “By reinvigorating this tool, we are providing an opportunity to leverage existing funds to
When Wisconsin priced $253.755 million of general obligation refunding bonds for forward delivery on July 23, it was the state’s second forward delivery deal in recent months.  On Feb. 27, Wisconsin had priced $89.02 million of GO refunding bonds, 2025 Series 1, for forward delivery. The state taxable and federally tax-exempt bonds, to be delivered
As the market lurches from the effects of possible rate cuts to a less than stellar employment report, some industry leaders are dubious about negative forecasts for the near future. “Many economists on the street are now penciling in a 50-basis point fund rate cut in September and November, with 25 point cuts thereafter,” said
Kamala Harris’ selection of Minnesota Governor Tim Walz to be her vice president in the 2024 race catapults the former geography teacher, veteran and former Congressman to the national stage and with it, his long track record as a champion for local issues. Walz follows Walter Mondale, vice president to Jimmy Carter, and Hubert Humphrey
The wagons are circling around anti-environmental, social, and governance laws enacted in Texas and Oklahoma amid a flurry of studies on their financial impact and congressional scrutiny. The two states were early enactors of laws that led to the blacklisting of more than 20 financial firms, including municipal bond underwriters, for “boycotting” or “discriminating” against
The Louisiana Public Facilities Authority expects to price $1.33 billion in Baa3-rated toll bonds next week, in a public-private partnership to replace the Calcasieu River Bridge, but with the bonds backed by toll revenues, there remains some concerns about drivers using alternate routes to avoid the charge. JPMorgan and Wells Fargo will manage the deal.
Connecticut sold a routine $214 million general obligation deal last week, with Wells Fargo placing the winning bid. Although the deal was unremarkable, Assistant Treasurer for Debt Management Bettina Bronisz made sure the occasion didn’t go unnoticed.  “She invited all the interns and other members of our executive staff to participate and learn about it
California Gov. Gavin Newsom issued an executive order instructing state agencies to adopt policies to clear homeless camps on state properties and asked local governments to use the “substantial funding” provided by the state to take similar action. The executive order issued Thursday comes a month after the U.S. Supreme Court’s sweeping Grants Pass decision
Costly plans to tackle climate and water supply challenges in the Southwest may be stalling amid concerns over funding.  Austin, Texas, officials tapped the brakes last week on seeking voter approval for general obligation bonds that would help finance a comprehensive climate implementation program, pushing a potential ballot measure for the debt beyond this November’s
The Texas Water Development Board approved an up to $1.8 billion State Water Implementation Revenue Fund for Texas (SWIRFT) bond issue on Tuesday, along with nearly $3 billion in requests to use the fund to finance local water projects, including seawater desalination in Corpus Christie and a reservoir and pump station expansion in Brazoria County