Bonds

Amarillo, Texas, will appeal a state judge’s ruling rejecting the city’s plan to issue $260 million of tax anticipation notes for a civic center project.  Mayor Ginger Nelson said the move was needed to clarify conflicts between the ruling and current Texas law, particularly when it comes to debt issuance. The city filed a notice

Fitch Ratings has revised the outlook on Miami-Dade County, Florida’s A-rated senior lien seaport revenue bonds issued for PortMiami to stable from negative. Thursday’s action affects $800.3 million of Series 2021A-1, 2021A-2, and 2021A-3 senior lien seaport revenue bonds the county issued on behalf of its seaport department. Fitch said the outlook revision “reflects the

Municipals rallied hard Thursday with the greatest gains seen out long after a lower-than-expected consumer price index report showed inflation is cooling, boosting all markets. U.S. Treasuries rallied out of the gates seeing yields close the session up to 31 basis points lower on the short end of the curve, while equities made massive gains,

The Municipal Securities Rulemaking Board is seeking comment on draft amendments to its rule governing primary offering disclosure, including both technical changes as well as changes to timing requirements, that the board said are intended to alleviate burdens on underwriters. The proposal, which would be reflected in changes to MSRB form G-32, seems to have

Democrats Erick Russell and James Diossa won open-seat campaigns for the state treasurer’s offices in Connecticut and Rhode Island. Russell will replace Connecticut State Treasurer Shawn Wooden, who didn’t seek re-election, and Diossa will replace Rhode Island General Treasurer Seth Magaziner, who ran for and won a seat in the U.S. House of Representatives. Russell,

For the first time in almost 30 years, the Louisiana Insurance Guaranty Association is coming to market with a municipal bond deal. Senior manager Wells Fargo Securities is set to price the Louisiana Local Government Environmental Facilities and Community Development Authority’s $458 million of tax-exempt Series 2022B insurance assessment revenue bonds for LIGA on Nov.

Republicans appeared poised to take control of the House of Representatives but the Red Wave many expected heading into the midterm elections seemed to fade as results trickled in late Tuesday. While many House races won’t be called for a day or two, Republicans were projected to have gained at least six seats late Tuesday,

Chicago’s City Council signed off on a $16.4 billion 2023 budget package and $1.85 billion of general obligation borrowing against a backdrop of debate over the city’s fiscal progress and efforts to combat crime and climate change. The council’s action Monday came after several hours of debate with the budget winning approval in a 32

Municipals were little changed and lightly traded ahead of the midterm elections while U.S. Treasuries were weaker across the curve and equities improved. Triple-A yields were little changed to a basis point or two firmer 10 years and out while the U.S. Treasury two-year climbed to another high not seen since 2007. Muni to UST

The Bond Buyer is the only resource you need for election coverage. We will have results of the major bond votes and coverage of the races that matter to the municipal market beginning early Wednesday morning. Our election module will be right below the Latest module on the left rail of our home page. Be

A Rhode Island charter school plans to upgrade and expand with proceeds from a $12.7 million Rhode Island Health and Educational Building Corporation bond sale that closed Oct. 26. Proceeds from the sale are destined for Blackstone Valley Prep Mayoral Academy, a private charter school based in Cumberland seeking capital to purchase and renovate a

Municipals were little changed Friday as the market shifts its focus to next week’s midterm elections and a larger new-issue calendar. U.S. Treasuries were weaker out long and equities ended up as markets digested a better-than-expected October jobs report that may validate the Fed’s more hawkish tone on rate hikes this week. Muni to UST

Failure of the U.S. Congress to raise the rum cover rate has a Virgin Islands senator concerned about its finances and its retirement fund. The Virgin Islands government refinanced matching fund bonds in March, planning to use some of the savings to prop up the faltering retirement system, which would have otherwise run out of

St. Joseph’s University in Philadelphia will borrow $200 million in the municipal market as it implements a new operational and strategic vision sped up by this year’s merger with the nearby University of the Sciences. The tax-exempt bonds will price through conduit issuer Philadelphia Authority for Industrial Development next week, according to an online slide

The Internal Revenue Service’s Tax Exempt & Government Entities Division is making clear there will be a beefier IRS presence in the coming year, which may be both a boon and a hindrance to issuers and their attorneys. The TE/GE 2023 Program Letter wasreleased online Friday and lists the division’s priorities for the fiscal year.

Boston Federal Reserve Bank President Susan Collins said monetary policy is entering a new phase that could require smaller rate increases while officials figure out how high rates need to go to crush inflation, but she did not rule out another 75 basis-point increase. “With rates now in restrictive territory, I believe it is time

Municipals were weaker in secondary trading Thursday as a $1 billion-plus deal from the City and County of Denver took focus in the primary and mutual fund outflows grew by another $2.4 billion. U.S. Treasury yields rose, with the two-year seeing the greatest losses, and equities ended in the red as markets continue to digest

Miami-Dade County has ditched plans to build a monorail connecting Miami to Miami Beach and instead will expand the existing Metromover to create a transit corridor, Mayor Daniella Levine Cava said Wednesday. The plan for Baylink will make Miami-Dade transit more efficient and accessible, eliminate the need for riders to transfer and save the city

The Puerto Rico Oversight Board said it has lined up an impaired class to support a potential Puerto Rico Electric Power Authority restructuring deal, as legally required, but some were skeptical. One impaired class must vote for a PREPA plan of adjustment under the Puerto Rico Oversight, Management, and Economic Stability Act for U.S. District

While Hurricane Ian gave Florida a beating, the insurance entities the state created for such eventualities remain in good shape, officials say. Hurricane Ian made landfall in southwest Florida on Sept. 28 as a Category 4 hurricane. Florida officials report 130 deaths in the state. Risk modeling and solutions firm RMS estimates total private market