Bonds

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,

Voters in New York State approved the $4.2 billion Clean Water, Clean Energy, Green Jobs Environmental Bond Act bonds on Tuesday’s ballot. San Diego Unified School District voters approved $3.2 billion for facility and safety improvements. Austin Independent School District, Texas, voters approved a $2.44 billion bond package including $2.316 billion for general purposes, $75.5

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,

Federal Reserve Bank of Richmond President Thomas Barkin said the U.S. central bank will “persist” in its efforts to bring high inflation under control. “Inflation should come down. But don’t expect its drop to be immediate or predictable,” he said during an event Monday hosted by his bank. “Our rate and balance sheet moves take

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

Colorado Gov. Jared Polis unveiled an initial fiscal 2024 budget that he said maintains record reserves to cushion the blow of a potential economic downturn or natural disaster. The $42.7 billion all-funds spending plan for the fiscal year that begins July 1 includes a $16.7 billion general fund with a $2.174 billion reserve. “We need

The Connecticut Green Bank’s most recent issuance of its retail investor friendly Liberty Green Notes brought in $250,000 for green upgrades to small business energy infrastructure statewide, the bank said. The end of the sales period last week marked the fourth successful issuance by the state-affiliated bank of the pioneering credits, giving investors access to

Voters will consider dozens of tax increases to fund transportation projects on next week’s ballots as cities, counties and states hope to generate fresh funds to leverage federal infrastructure dollars. The ballot measures come as advocates say they expect a flurry of projects over the next few years. The transportation questions would fund capital projects

Kentucky will benefit from $74 million in federal funds from the Infrastructure Investment and Jobs Actto tackle the problems created by abandoned coal mines. The announcement came from Secretary of the Interior Deb Haaland at a press conference in the state’s capital earlier this month. “We have a once-in-a-generation investment to address these sites with

Robert Radigan has joined Squire Patton Boggs as partner in the Public & Infrastructure Finance Practice in New York, the firm announced on Monday. Radigan has a lot of experience with public finance projects and has represented many different organizations including housing authorities, governmental issuers and nonprofits, such as hospitals, universities, schools and cultural facilities.  “With

The New Jersey Turnpike Authority is scheduled to close next week on a $700 million revenue bond deal. The Series 2022B bonds priced Oct. 13. Proceeds are destined for improvement projects across the 290 miles of roadway that make up the New Jersey Turnpike and Garden State Parkway.  The scheduled work will include “capacity enhancements