Houston dodged a blow to its fiscal 2025 budget when Texas officials Wednesday freed up state funds to help pay the city’s share of costs to remove debris created by two fierce storms this year. The situation underscored fiscal problems the nation’s fourth-largest city faces from natural disasters that could compound its growing structural budget

Muni advocates are gearing up for a contentious tax fight next year, particularly if Kamala Harris should prevail in the presidential election, as Congressional Republicans are already digging in with a nationwide tour preemptively attacking the tax policies of the current Vice President. On Tuesday, Rep. Jason Smith R- Mo., Chairman of the House Ways

Cook County, Illinois, officials released a $9.89 billion executive budget recommendation Thursday, after saying in a press briefing Wednesday that the nation’s second-most populous county will see no new taxes or layoffs. Cook County Board President Toni Preckwinkle said 56 open positions are being cut. The eliminated positions were ones the county anticipated filling with

The Equitable School Revolving Fund LLC., a first-of-its-kind loan pool for charter schools, will hit the market next week with $300 million of A-rated social bonds. The deal, set to price Wednesday, marks the sixth borrowing for the fund, said Equitable Facilities Fund CEO and founder Anand Kesavan. Its most recent deal came last November

Enjoy complimentary access to top ideas and insights — selected by our editors. Remembered for his positive and cheerful attitude and willingness to pitch in wherever needed, retired Bond Buyer reporter and municipal market fixture Harold “Chip” Walter George Barnett, Jr. died on Monday. He was 67. Barnett suffered from pulmonary fibrosis, “a disease related

Investor demand for bond insurance remained strong during the first three quarters of 2024 as the amount of debt wrapped by bond insurance rose 26.8% year-over-year. Municipal bond insurers wrapped $28.921 billion in the first three quarters 2024, an increase from the $22.814 billion insured in the first three quarters of 2023, according to LSEG

James McIntire, who served two terms as Washington state treasurer, died in August. He was 71. The cause was an aggressive and rare form of prostate cancer, his wife, Christina Koons, told the Seattle Times. An economics student and later professor at the University of Washington, McIntire’s first step into government service was as a

After outperforming the larger weakness in U.S. Treasuries over the past week, municipals played some catch up Friday seeing pressure across the curve ahead of holiday-shortened, but still heavy supply week. Triple-A yields rose two to five basis points while Treasuries were stronger 10-years and in, to close out a week of more mixed economic

The Florida Hurricane Catastrophe Fund remains in “very good position” after Hurricane Milton, according to the head of Florida’s Division of Bond Finance. But, Ben Watkins on Thursday noted that only modeled losses are available for Hurricane Helene, which hit in late September, and no figures have been advanced for Milton yet. The CAT fund

Municipals were little changed Thursday as U.S. Treasuries were weaker out long and equities were off after a hotter-than-expected inflation report. The two-year muni-to-Treasury ratio Thursday was at 61%, the three-year at 61%, the five-year at 62%, the 10-year at 67% and the 30-year at 84%, according to Refinitiv Municipal Market Data’s 3 p.m. EST

Chattanooga, Tennessee, plans to price $80 million of bonds for a minor league baseball stadium that is pitched as the key to reviving a bedraggled part of the city. The Sports Authority of the County of Hamilton and City of Chattanooga, Tennessee will price $64.5 million in tax-exempt and $15.3 million in taxable bonds Oct.

The Puerto Rico Oversight Board and the bondholders opposed to the proposed plan of adjustment remain far apart, according to disclosures on the EMMA web site Tuesday night. U.S. District Court Judge Laura Taylor Swain earlier this week extended the bankruptcy stay and set a Dec. 11 omnibus hearing to hear the opposing bond parties’

An ongoing investigation into overcharging on San Diego’s state route 125 toll road found implementation of the back-office system encountered problems from the onset, and San Diego Association of Governments’ executive management failed to address the situation in a timely manner, including informing the board of directors. SANDAG’s independent performance auditor released two investigations Monday

Municipals were weaker Tuesday with the largest losses out long while U.S. Treasuries saw narrow gains on the day and equities ended up. Triple-A yields rose by up to five basis points, depending on the scale, while USTs saw yields flat or lower by a basis point or two. The two-year muni-to-Treasury ratio Tuesday was