Bonds

A bill filed by an Oklahoma Republican lawmaker would change which state official enforces 2022’s Energy Discrimination Elimination Act and remove bond and note sales from a contract ban.Bloomberg News The sale of bonds or notes by Oklahoma governments would be exempted from a contract provision in a 2022 state law that has led to

Texas State Sen. Brandon Creighton said Senate Bill 2 would provide nearly 100,000 students with education savings accounts, which would result in the largest “school choice” program launch in the nation. Texas Senate Texas lawmakers on Tuesday kicked off their latest quest for school vouchers with the passage of a universal program by a Senate

Oklahoma Turnpike Authority Executive Director Joe Echelle said meetings will be held in February with sponsors of bills that seek legislative approval for toll hikes, a cap on outstanding bonds, and other matters.Oklahoma Turnpike Authority The Oklahoma Turnpike Authority will head to market this week with its biggest-ever revenue bond sale to continue financing a

“The assumption that FEMA is there protects every credit,” said Sarah Sullivant from S&P Global Ratings.S&P Global Ratings President Donald Trump signed an executive order Sunday establishing a task force to evaluate the Federal Emergency Management Agency as he floated the idea of abolishing a department that many in the municipal bond market consider key to

The Deer Island wastewater treatment plant in Boston is owned by the Massachusetts Water Resources Authority, the largest borrower from the Massachusetts Clean Water Trust’s revolving fund.Adobe Stock The Massachusetts Clean Water Trust returned to the market on Wednesday where its triple-A green and sustainability bonds were well received.  The $541 million negotiated deal is

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

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

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

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

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

“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

The Gandy Bridge across Old Tampa Bay. Florida sold bonds Wednesday to finance the building and repair of bridges and acquire right-of-way for roads.Bloomberg News Florida sold $131.9 million of bonds Wednesday with double-barreled backing from the state’s fuel taxes and full faith and credit pledge. The Florida Department of Transportation sold right-of-way acquisition and

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,