Colorado’s action to rein in rising property values are negative credit factors for some local governments, while public schools will benefit from a state funding boost, according to Moody’s Ratings.  Legislation signed into law May 14 by Gov. Jared Polis will limit annual property tax revenue growth to 5.5% starting in fiscal 2026 and make

Municipals sold off Wednesday following another weaker U.S. Treasury session while equities were down near the close. Muni yields rose two to 13 basis points, depending on the curve, coming on the tailwind of a market correction, said Brad Libby, a fixed-income portfolio manager and credit analyst at Hartford Funds. Mixed economic data has been

Munis were little changed to a touch weaker Monday on the heels of last week’s market correction, mostly ignoring U.S. Treasury market moves to higher yields, while equities were mixed late in the session. Munis sold off last week “as the anticipated market correction may have finally started ahead of the summer reinvestment period,” said

Dallas would ramp up contributions to its Police and Fire Pension System over five years and could pursue additional funding options, including pension obligation bonds and using a portion of sales taxes earmarked for mass transit, under recommendations presented to a city council committee.  Jack Ireland, Dallas’ chief financial officer, told the Ad Hoc Committee

The Municipal Securities Rulemaking Board has retired nine separate pieces of interpretive guidance related to Rule G-12(c) on inter-dealer confirmations following the board’s request for comment on the rule. The move follows recent comments submitted by the Securities Industry and Financial Markets Association that urged the board to knock out the provision altogether, and the

The South has been the driving force for United States population growth in recent years – in 2023 for example, the region accounted for 87% of the nation’s population growth, according to the U.S. Census Bureau. That population growth has helped spur economic growth in that region. But the changing climate may turn that equation

Debt issued by the California Community Choice Finance Authority, a conduit for the state’s community choice aggregators, has climbed to nearly $10 billion in the three years since its inception. The first California CCA agency was created in 2010 to offer communities alternatives to purchasing power from private utilities and to encourage growth in more

As states and the federal government grapple with ways to replace or complement the diminishing gas tax, the idea of a per-mile user fee has gained public support over the last decade. That’s according to the latest annual survey from the Mineta Transportation Institute, based at San Jose State University, which for the last 15

The flooding in Vermont last summer illustrates climate change’s impact on U.S. localities and their financial responses. Severe floods that were triggered by several days of heavy rainfall in Vermont left homes washed out and businesses and municipal facilities with severe physical damage. It also left some of the rural communities in the state, which

Harrisburg University of Science and Technology violated its bond covenant at the beginning of the month when it missed a monthly $1.2 million interest payment to the bond trustee. Jessica Warren, Harrisburg University’s executive director of marketing and communications, said the university only needs to make interest payments twice a year on its outstanding bond

Municipals took a breather Friday ahead of the long weekend and a much smaller calendar after seeing yields rise and underperform U.S. Treasuries, pushing ratios to levels last seen in November 2023. In addition to “more attractive raw yields, municipal underperformance has allowed relative values to improve as well,” noted Kim Olsan, senior vice president