The bond market is exhibiting unprecedented growth as 2024 progresses. Recent data highlights that September 2024 has become a significant milestone, showcasing a remarkable 44.5% increase in issuance compared to the same month in the previous year. With state and local governments playing leading roles, the market witnessed an influx of larger deals predominantly driven
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As a series of disasters unfolds across the southeastern United States, including the devastating impact of Hurricane Helene, the urgency for effective disaster response mechanisms has never been clearer. In the wake of natural calamities, local governments often find themselves in dire need of immediate financial assistance to facilitate recovery, repair infrastructure, and restore community
As November’s elections approach, the stakes for colleges and universities across the United States have never been higher. Scenario-driven political shifts at both the federal and state levels threaten to alter how higher education institutions are viewed and funded. With tax reform looming on the horizon, educational institutions that traditionally enjoy tax-exempt status may find
In a crucial meeting that showcased the growing tensions within Chicago’s political landscape, the City Council opted to defer a vote on a $1.5 billion refunding bond measure, highlighting the precarious balance between fiscal responsibility and urgent financial needs. With significant opposition from certain aldermen and concerns raised by Illinois Comptroller Susana Mendoza, this situation
The municipal bond market is poised for a turbulent period as advocates prepare for a potentially contentious tax debate after the upcoming presidential election. With the possibility of Kamala Harris ascending to the presidency, a focus on her tax policies has garnered significant attention from Congressional Republicans. Recently, Rep. Jason Smith, the Chairman of the
Cook County, Illinois, has recently presented an ambitious budget proposal totaling nearly $9.89 billion, covering the fiscal year 2025. In the context of the nation’s second-largest county, the budget reflects a careful balancing act by officials aimed at ensuring sustainability without imposing new financial burdens on residents. This article will take a closer look at
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.
The issue of lead in drinking water has haunted American cities for decades, particularly following the infamous crisis in Flint, Michigan. It was a grievous reminder of how systemic failures can lead to public health emergencies. Many Americans were shocked and outraged when it was discovered that lead pipes were leaching toxic metals into the
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
The Central Florida Tourism Oversight District, formerly known as the Reedy Creek Improvement District, is undergoing significant changes following Florida’s state intervention. This shift comes amidst a backdrop of local political strife and natural disasters that could influence the district’s financial stability and operational objectives. Originally designed to support the expansive Disney theme parks, the