Bonds

A Red Cross representative hands supplies to residents of the Pacific Palisades area of Los Angeles who will be escorted to their homes after the Palisades Fire.Bloomberg News The municipal bond market’s initial negative reaction to this month’s devastating Southern California wildfires has eased, and most market watchers have faith in the ability of the

Nevada Gov. Joe Lombardo sparked a budget firestorm ahead of the legislative session by proposing a budget with a deficit and naming a new budget chief. Nevada Gov. Joe Lombardo replaced his budget chief just days before Nevada lawmakers convene on Feb. 3 for their regular legislative session, where they will discuss the governor’s budget

“Maryland deserves and demands to have a safe and reliable transportation system that is accessible for all to use and helps drive our ability to make this Maryland’s decade,” said Maryland Transportation Secretary Paul J. Wiedefeld. ”With a focus on enhancing safety, equity and sustainability, this Final CTP makes statewide strategic investments that strengthen our existing

The installation of engines from Wärtsilä in a power plant is reducing WAPA’s operating costs, its CFO said. Financial stability was restored to the U.S. Virgin Islands Water and Power Authority after a “crisis” that lasted the first nine months of 2024, its chief financial officer told the board of directors Thursday. “We still have

The Texas House and Senate unveiled their budget plans for the fiscal 2026-27 biennium.Bloomberg News The Republican-controlled Texas House and Senate on Wednesday unveiled base budget plans for the upcoming biennium with both chambers proposing to continue funding and expand a massive property tax cut enacted in 2023. Armed with a record $39.4 billion cash

Kansas Gov. Laura Kelly, a Democrat, called for pumping the brakes on further tax reductions that impact the state’s bottom line.Bloomberg News With a $23.8 billion budget balance forecast for the start of its fiscal 2026-27 biennium, Texas’ financial cushion remains plush, but other Southwest states are feeling a fiscal pinch in the wake of

At least one Kansas public school district will delay an April 1 bond election after the state Board of Education approved only some of the $469 million in school debt requests this month due to cap constraints.AdobeStock Requests by public school districts in Kansas for bond authorization from the state department of education exceeded a

“Because of the broad, bipartisan support we have built for the LIHTCs, we believe there is a real opportunity to include housing credit provisions in the forthcoming major tax legislation,” said Emily Cadik, CEO, Affordable Housing Tax Credit Coalition. AHTC The Trump administration is sending out signals about how it intends to address the nation’s

Louisiana State Treasurer John Fleming said he would lobby Fitch Ratings for a rating upgrade.Bloomberg News Louisiana plans to sell bonds four more times this fiscal year and at least twice more in the next fiscal year, a Louisiana state official said Thursday. Amounts were not discussed and were not immediately available. The state will

A lawsuit filed in Maricopa County Superior Court by the conservative Goldwater Institute challenges tax rate hikes approved by the Gilbert Town Council in October.AdobeStock The town council in Gilbert, Arizona, violated the state constitution by approving tax increases on services to fund infrastructure projects, according to a lawsuit filed by the Goldwater Institute.  The

Oklahoma City is seeking financing proposals for a downtown arena to replace Paycom Center, where the National Basketball Association’s Thunder has played since 2008.Adobe Stock Oklahoma City will review proposals due this week on ways to finance a downtown arena to replace Paycom Center, the home of the National Basketball Association’s Thunder, at a cost

Florida mining company Mineral Development, LLC failed to pay $10 million in principal and interest on January 1. Adobe Stock Florida mining company Mineral Development, LLC defaulted on $85 million of outstanding industrial development bonds at the start of the year, the first municipal default of the new year, according to Municipal Market Analytics’ Default

The Wyoming House of Representatives has become the latest GOP state to introduce a bill banning firms that are deemed to have used environmental, social or governance factors in their investment decisions.State of Wyoming Wyoming has become the latest state to float legislation that restricts state funds from being invested with firms that consider environmental,

“I do have a very high bar when it comes to revenues, and we are not going to grow an economy on the backs of working Marylanders,” said Democratic Gov. Wes Moore during a press conference on Wednesday. ”I inherited a structural deficit when I became the governor, because the state was both spending at a

Texas Attorney General Ken Paxton addresses the Conservative Political Action Conference in February 2024. On Tuesday, he announced his office will end reviews of Bank of America, Morgan Stanley, and JP Morgan after they withdrew from the Net-Zero Banking Alliance.Bloomberg News Texas Attorney General Ken Paxton lauded recent moves by Bank of America, Morgan Stanley,

California Gov. Gavin Newsom previews the next state budget Monday at an appearance in the San Joaquin Valley.California Governor’s Office California Gov. Gavin Newsom previewed a balanced state budget Monday during an appearance ahead of his administration’s formal reveal of the plan later this week. The proposed budget is “fully balanced with no deficit and

The Oklahoma Turnpike Authority could be selling $1.3 billion of revenue bonds in late January to continue financing for a controversial expansion project and to refund outstanding debt. Oklahoma Turnpike Authority The Oklahoma Turnpike Authority could be back in the municipal bond market late this month with a $1.3 billion deal to continue financing for

The Indiana Municipal Power Agency, which owns a piece of one unit at the Gibson Station coal-fired power plant in Owensville, Indiana, returns to the bond market next week. Bloomberg News The Indiana Municipal Power Agency will issue $268.3 million of power supply system revenue bonds next week to refund several earlier series of bonds

“The largest share of the higher revenue is from one-time litigation proceeds and year-end accounting adjustments related to prior-year cost recoveries,” said Washington, D.C., CFO Glen Lee.Christopher Mobley The latest revenue estimate from the District of Columbia’s chief financial officer shows a positive $169.7 million bump in actual inflows compared to the estimates that were

Rob Bonta, California’s attorney general, announced the $10 million settlement in the fraud case on Thursday.Bloomberg News A former Los Angeles County physician, a non-profit medical center he founded, a laboratory he co-owned, and an executive at these entities have agreed to pay $10 million to settle allegations that they submitted false claims to Medicare