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Municipals were little changed to firmer in spots Tuesday as U.S. Treasury yields fell while equities sold off to start September. “With August now behind us, munis continued the summer rally with [the month] returning 0.79%, pushing year-to-date gains to 1.30%,” said Jason Wong, vice president of municipals at AmeriVet Securities. This marked the first

Just past the two-year anniversary of the Inflation Reduction Act, states have captured an average of 7% of the Biden administration’s signature climate legislation potential funding opportunities. That’s according to an Aug. 13 report from clean energy think tank RMI, which adds that the small number “makes sense” since use of the tax credits that

Rep. Steven Horsford D – Nev., is expected to fill the important committee seat vacated when Rep. Bill Pascrell D- N.J. died last month at the age of 87 while being treated for a respiratory illness.  “We were all saddened by the loss of Rep. Pascrell who had long championed public finance issues in Congress,”

Denver Public Schools (DPS), which is seeking voter approval for a record-$975 million of bonds this fall, received one-notch downgrades from Fitch Ratings based on local government rating criteria changes.  The district’s AA-plus underlying general obligation rating was lowered last week to AA and its AA certificate of participation rating was cut to AA-minus, both

High-grade Baltimore County plans to come to market Wednesday with a $180 million general obligation refunding deal, part of which will be used to refund its outstanding Build America Bonds. The $180.24 million deal comprises $76.085 million of metropolitan district bonds and $104.155 million of consolidated public improvement bonds. The metropolitan district bonds will refund

The state reached a $350,000 settlement agreement with a former employee who accused California Treasurer Fiona Ma of sexual harassment. The accusations came to light in 2021, when Judith Blackwell, the former executive director for the California Tax Credit Allocation Committee, filed the lawsuit alleging that the treasurer walked around naked in a shared hotel

The outlook on Memphis Light, Gas & Water’s AAA water system revenue bonds was lowered to negative from stable by S&P Global Ratings. “The outlook revision reflects our view of the water system’s accelerating near-term capital needs, which could pressure debt service coverage and liquidity before the next multiyear rate plan is adopted, with current

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. Michael Scarchilli (00:06): Hi everyone, and welcome to The Bond Buyer Podcast, your essential resource for insights into everything municipal finance. I’m Mike Scarchilli, editor-in-chief of The Bond

The North Texas Tollway Authority is seeking savings through bond refundings and tenders in a $1.126 billion deal that tops this week’s municipal bond sale calendar.  The NTTA scheduled a Thursday pricing for the tax-exempt debt offered in two series – $446.14 million of first tier revenue bonds to fund a tender offer for taxable