Bonds

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
An Oklahoma court has canceled an election next month on a proposition to create two tax increment financing districts in Norman to help finance a University of Oklahoma sports arena as part of a $1 billion proposed entertainment development. Cleveland County District Court Judge Jeff Virgin issued a temporary restraining order last week enjoining the
U.S. states are expected to cut their budgets, marking a return to more modest levels of spending after years of stimulus-fueled growth and tax cuts.  Total general-fund spending is expected to fall to $1.2 trillion in fiscal 2025, according to an analysis by the The Pew Charitable Trusts. That’s a roughly 6% decline from estimates of
Hurricane Beryl’s battering of parts of Texas is not deterring next week’s bond pricing for Galveston Wharves. The port said the $160 million revenue bond sale will proceed on Tuesday despite an operational interruption caused by the once-Category 5 storm that ravaged the Caribbean and made landfall Monday 100 miles south of Galveston in Matagorda
Hamilton County, Tennessee, has taken steps to approve two bonds totaling $630 million. County commissioners gave preliminary approval to $260 million of general obligation bonds the county will issue for Hamilton County Schools and final approval to a $370 million bond for Erlanger Health System. The proposed school bond is to be advertised so residents
The Biden administration awarded $504 million in grants last week to a dozen tech hubs across the country to scale up the production of critical technologies and create jobs in innovative industries. The tech hubs are part of a push by the administration to accelerate domestic growth in industries such as biomanufacturing, clean energy, artificial
The state-managed earthquake insurer for homeowners in California is borrowing in the public debt markets in lieu of paying for additional coverage that would shield it against risks. The California Earthquake Authority plans to price $250 million of short-term debt Tuesday, according to an online investor presentation. The notes, maturing in November, are backed by
California’s presidential election ballot in November will include $20 billion dollars of statewide bond measures, with $20 billion more in one regional bond election. At the state level, lawmakers reached agreements last week on two $10 billion general obligation bond measures that were heading toward approval in floor votes this week. The measures were put