Bonds

Pew senior officer Fatima Yousofi found states are considering diverse funding and financing tools to manage climate threats to their infrastructure.Pew As the municipal bond market expects issuance to swell over the next decade to accommodate climate-related infrastructure needs, states are also eying cap-and-invest and superfund programs to augment what is expected to be substantial

The village of Pewaukee, Wisconsin, is facing legal action over its transportation utility fee, which the Wisconsin Court of Appeals struck down in March.Adobe Stock The village of Pewaukee, Wisconsin, has become the target of lawsuits from the state’s combined chamber of commerce and manufacturers’ association over its transportation utility fee, which was struck down

<img src=”https://public.flourish.studio/visualisation/20436998/thumbnail” width=”100%” alt=”chart visualization” /> The municipal market was lightly traded and little changed Friday ahead of the Thanksgiving-shortened week, with strong market technicals leading to more muni outperformance to U.S. Treasuries and corporates. Triple-A yields barely budged for the ninth consecutive trading session while USTs saw small losses on the short end and

From left, Jessica Giroux, general counsel and head of fixed income policy, American Securities Association, Emily Brock, director of the federal liaison center of the Government Finance Officers Association, Caroline Sevier, managing director, government relations & infrastructure initiatives, American Society of Civil Engineers, Tom Kozlik, head of public policy and municipal strategy for Hilltop Securities. 

“The tax fight is starting now,” said Sen. Elizabeth Warren, D-Mass, who will become the top Democrat on the GOP-led Senate Banking Committee next year.Bloomberg News Incoming Senate Banking Committee Ranking Member Sen. Elizabeth Warren, D-Mass., previewed her position on next year’s tax policy debate Wednesday during a subcommittee hearing in which she called the

“We have designed this competitive project development process to attract extremely capable teams with outside-the-box ideas for bringing water to Arizona and to give WIFA the opportunity to publicly and transparently vet those projects, ensuring that we select the right one for our state,” Ted Cooke, chairman of the authority’s Long Term Water Augmentation Committee,

Former Wisconsin Republican Rep. Sean Duffy has been tapped by President-elect Donald Trump to lead the U.S. Department of Transportation.Bloomberg President-elect Donald Trump Monday said he would nominate former Congressman and current Fox News host Sean Duffy to head the U.S. Department of Transportation. “Sean will use his experience and the relationships he has built

Santa Barbara, California, will tap the municipal bond market this week, largely to fund a new police headquarters.Adobe Stock One of Southern California’s wealthy cities is tapping the municipal bond market to build a new police station and renovate an oceanfront park.  Santa Barbara — where the median home sells for roughly $2 million —

The Biden administration will continue to allocate transportation grant funds in its few remaining months before leaving office, Transportation Secretary Pete Buttigieg said. Bloomberg News The Biden administration marked Friday’s third anniversary of the Infrastructure Investment and Jobs Act by announcing $3.4 billion in fresh grants and pledging to keep the money flowing in the

Hawaii Gov. Josh Green toured the scene of Maui wildfires in August 2023. The disaster slowed visitor growth, rating analysts said.Hawaii Governor’s Office Hawaii will head to market in early December with double-A category ratings affirmed as it prices $750 million of taxable general obligation bonds in a negotiated deal. Recovery of tourism, pivotal to

Federal Reserve Board Governor Adriana Kugler with Senate Majority Leader Chuck Schumer. Al Drago/Bloomberg A Federal Reserve official made the case for protecting central bank independence from electoral politics.  In a speech delivered at an economic conference in Uruguay on Thursday morning, Fed Gov. Adriana Kugler said central banks around the world, including the Fed

Oklahoma County is reviewing public-private partnership proposals to help finance a replacement for its troubled downtown Oklahoma City detention center amid rising costs.Oklahoma County Detention Center Oklahoma County is exploring a public-private partnership to help finance a replacement for its troubled jail amid rising costs and a delay in securing a site for the project. 

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 Bomb Buyer Podcast, your trusted source for insights into the world of municipal finance. I’m Mike Scarchilli, editor-in-Chief of the

President-elect Donald Trump during an Economic Club of New York event in New York, US, on Sept. 5, 2024.Bloomberg News A second Trump administration is expected to make some changes, whether big or small to the state and local tax deduction, an issue Trump campaigned on and that has been talked about within the context

<img src=”https://public.flourish.studio/visualisation/20209026/thumbnail” width=”100%” alt=”chart visualization” /> Election uncertainty and Fed rate cuts have led tax-exempt and taxable money market funds to reach 2024 highs as more market participants have taken a defensive position. As more market stability comes and rates fall, investors may move some of these funds back into fixed income markets, sources say.

Election workers sort mail-in ballots Tuesday in Martinez, California.Bloomberg News California voters were friendly to municipal bonds in Tuesday’s election, with a few notable exceptions. The state’s voters passed two separate $10 billion state bond measures and put their stamp of approval on at least $42.8 billion of local school general obligation bonds. Tuesday’s ballot

Oklahoma Turnpike Authority Executive Director Joe Echelle said inflation boosted the cost of every line item in the 15-year ACCESS Oklahoma program.Oklahoma Turnpike Authority The Oklahoma Turnpike Authority authorized on Thursday the issuance of $1 billion of revenue bonds to continue financing the controversial ACCESS Oklahoma expansion program with a projected price tag that has

“We hope to act as a resource to the industry, trying to provide some additional knowledge, research findings that can help the market,” said Martin Luby, the Center on Municipal Capital Markets’ director.University of Texas at Austin The role of capital markets in financing infrastructure is the focus of a university-based center recently launched in

Three-term incumbent Ohio Sen. Sherrod Brown lost his seat in a close race Tuesday night. Former President Donald Trump appeared close to re-taking the White House late Tuesday and Republicans won a majority in the Senate while the House remained too close to call. Republicans late Tuesday appeared to take control of the Senate after

Houston Independent School District’s $4.4 billion bond proposal faces opposition in the wake of its 2023 takeover by the Texas Education Agency.Houston Independent School District Texas ballots are bursting with the most bonds among Southwest states in Tuesday’s election, topped by a two-part, $4.4 billion Houston Independent School District proposal that faces bipartisan opposition.  The