The launch of the Equitable School Revolving Fund LLC. (ESRF) is set to introduce an innovative financing mechanism for charter schools, with a striking $300 million offering of A-rated social bonds debuting next week. This pioneering step is not just about the money; it signifies a commitment to support charter schools’ financial stability and growth.
Educational
The University of Arizona (U of A) finds itself navigating a turbulent financial landscape as it prepares to enter the municipal bond market for the first time since receiving negative rating outlooks from major credit rating agencies. This $115.645 million revenue bond issuance, known as the Stimulus Plan for Economic and Educational Development (SPEED), marks
In a critical move advocating for California’s public education system, the California School Boards Association (CSBA) has filed a lawsuit against the state, taking issue with a trailer bill that alters funding mechanisms established by Proposition 98. This proposition, which has governed educational budget allocations since its passage, mandates that a specific percentage of the
The municipal bond market has exhibited a steady pace recently, drawing attention as several high-profile sales witness a subsequent decrease in yields following repricing. While U.S. Treasuries have demonstrated weakness and equities suffered losses, the municipal segment remains comparatively stable. Notably, the Investment Company Institute reported a modest inflow of $1.329 billion into municipal bond
The Los Angeles Unified School District (LAUSD) is poised to make a significant splash in the municipal bond market with its upcoming issuance of $1.1 billion in general obligation bonds. Slated to hit the market on Wednesday, this provision aims not only to alleviate funding requirements for the school district but also to bolster sustainable
Municipal bonds, often called “munis,” present a compelling opportunity for investors, particularly those in higher income brackets. The allure largely stems from the tax benefits associated with these investments; interest income from municipal bonds is exempt from federal income tax, and if the investor resides in the state where the bond is issued, it may
On November 5, 2023, Utah voters will confront a significant change proposed through Amendment A, a constitutional amendment that aims to offer increased fiscal flexibility by reallocating tax revenues traditionally earmarked for K-12 public education. Currently, income, corporate franchise, and intangible property tax revenues are mandated by the state constitution to serve educational funding. The
As the world of decentralized finance (DeFi) continues to evolve, Rootstock stands out as a significant player in the realm of Bitcoin sidechains. With an emphasis on accessibility and practical engagement, the Rootstock community is gearing up for the conclusion of their ambitious initiative, the “Rootstock World Tour,” which will culminate on September 30, 2024.
The municipal bond market saw mixed results on Tuesday as U.S. Treasury yields increased, while equities experienced a slight uptick towards the end of the trading day. This dynamic caused a variation in the muni-to-Treasury ratio across different maturities, with the two-year ratio at 63%, three-year at 66%, five-year at 66%, 10-year at 70%, and
Municipal bonds experienced improvements on Wednesday as the primary market took center stage. Notably, Chicago made a comeback to price its delayed general obligation bond deal alongside deals from other entities such as the Triborough Bridge and Tunnel Authority, the Pennsylvania Turnpike Commission, and the Las Vegas Valley Water Department. The session was marked by