Joyful Investor

Connecticut sold a routine $214 million general obligation deal last week, with Wells Fargo placing the winning bid. Although the deal was unremarkable, Assistant Treasurer for Debt Management Bettina Bronisz made sure the occasion didn’t go unnoticed.  “She invited all the interns and other members of our executive staff to participate and learn about it

California’s fiscal 2025 budget dealt with the revenue gap that emerged in fiscal 2024, but further actions will be needed to achieve fiscal balance in out years, according to a Fitch Ratings commentary. “While further adjustments may be necessary to align spending with the lower revenue trajectory, Fitch believes this budget allows California to retain

California Gov. Gavin Newsom issued an executive order instructing state agencies to adopt policies to clear homeless camps on state properties and asked local governments to use the “substantial funding” provided by the state to take similar action. The executive order issued Thursday comes a month after the U.S. Supreme Court’s sweeping Grants Pass decision

An Oklahoma court ruling against a state anti-ESG law could help undermine similar laws in Louisiana, Florida, and elsewhere, attorneys said. Oklahoma County District Court District Judge Sheila Stinson late last week issued a permanent injunction against the enforcement of a 2022 state law that led to investment banks being banned from underwriting municipal bonds

A coalition organized by New York City Comptroller Brad Lander has filed three lawsuits to allow the launch of congestion pricing.  Lander and his allies hope the lawsuits will force the defendants — New York Gov. Kathy Hochul, state Department of Transportation Commissioner Marie Therese Dominguez, and the Metropolitan Transportation Authority — to begin the

The Louisiana State Bond Commission approved three bond issues totaling more than $3 billion on Wednesday. The commission approved a $1.33 billion to $2 billion bond to be backed by tolls on the I-10 Calcasieu River Bridge, a state general obligation bond of up to $1 billion, and gave preliminary approval to a state gas

Costly plans to tackle climate and water supply challenges in the Southwest may be stalling amid concerns over funding.  Austin, Texas, officials tapped the brakes last week on seeking voter approval for general obligation bonds that would help finance a comprehensive climate implementation program, pushing a potential ballot measure for the debt beyond this November’s

The Texas Water Development Board approved an up to $1.8 billion State Water Implementation Revenue Fund for Texas (SWIRFT) bond issue on Tuesday, along with nearly $3 billion in requests to use the fund to finance local water projects, including seawater desalination in Corpus Christie and a reservoir and pump station expansion in Brazoria County

Erlanger Health of Chattanooga, Tennessee, was upgraded by Moody’s Ratings to Baa1 from Baa2 and by Fitch Ratings to A-minus from BBB-plus. Both ratings agencies have positive outlooks on their rating. The Chattanooga Health, Educational and Housing Facility Board will issue $322 million of bonds on behalf of Erlanger, in a negotiated deal the week

Tejon Ranch, the largest stretch of private land in California, is tapping the municipal bond market for $61.6 million to expand the commercial center roughly 83 miles north of downtown Los Angeles. Encompassing roughly 270,000 acres, or about 420 square miles, the mixed-use property owned by the publicly traded Tejon Ranch Co. has long been