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
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The financial outlook for Houston recently took a turn for the worse, as Fitch Ratings downgraded the city’s AA rating from stable to negative. This decision follows a similar move by S&P Global Ratings, which had also adjusted its outlook just two months prior. The implications of these changes are significant, raising questions about the
The municipal bond market has displayed a noticeable resilience in recent weeks, with minor fluctuations leading to a solid influx of capital into municipal bond mutual funds. Reports indicate that inflows have surpassed $1 billion, marking them as the second largest for the year, a clear signal of strengthened investor confidence in municipal bonds. This
In the world of retail and housing, few brands resonate as strongly as Home Depot. Recently, investment strategies pivoted toward higher stakes in this home improvement retail heavyweight, particularly in light of fluctuating mortgage rates and housing market dynamics. Having begun acquisitions of Home Depot shares just last week, investors are banking on a rebound
The ongoing struggles within House Republicans over critical pieces of legislation underscore a growing rift that not only threatens the party’s unity but also jeopardizes the continuity of government operations ahead of an impending fiscal deadline. As the government approaches a possible shutdown on September 30, legislative decisions have taken on heightened significance, especially as
Over the past few months, there has been a significant increase in weekly issuance of municipal bonds. This surge can be attributed to various factors such as pent-up capital needs, diminishing federal aid, and front-loaded issuance by state and local governments. The pace of issuance shows no signs of slowing down, prompting strategists to revise
When financial giant Citi closed its public finance division, most of its bankers swiftly transitioned to new roles in the municipal market. However, one banker, Archana Chandrasekhar, took a different path. Instead of immediately jumping into a new position, she decided to take a step back and evaluate her next move. Reflecting on her 16
In the fast-evolving Web3 ecosystem, traditional financing models have proven to be inadequate for the unique needs of cryptonative businesses. The over-collateralization requirements and rigid repayment terms have been major obstacles in obtaining growth capital, stifling innovation and impeding progress. However, Credit Coop has emerged as a game-changer by offering innovative financing solutions that leverage
Chicago’s latest budget forecast paints a grim picture of the city’s financial future. The corporate fund deficit is projected to skyrocket to $982.4 million by 2025, a significant increase from $222.9 million at the end of 2024. This steep rise in deficit raises concerns about the city’s ability to maintain its financial stability in the
California has recently announced its plans to sell $2.5 billion of tax-exempt general obligation bonds, marking the state’s second largest offering in the current year. The purpose of this sale is to finance voter-approved projects, pay down outstanding commercial paper, and refund outstanding general obligation bonds. Fitch Ratings has assigned a AA rating with a