Chicago City Council to tackle bond plan, schools drama

When Chicago's City Council meets on Wednesday, it will decide whether to sell controversial refunding bonds and deal with Friday's resignation of the entire seven members of the junk-rated Chicago Board of Education.

From politics to disclosure to funding, the changing climate challenges muni issuers. Learn more in our Climate Spotlight 2024 package.

Moody's upgraded Pennsylvania's issuer default rating to Aa2 from Aa3 Monday, ahead of the commonwealth's plans to sell at least $1.4 billion of general obligation bonds. The Keystone State is now at its highest rating since 2013, before the state's finances were mired by partisan conflict between and among the two houses of the legislature and the governor's office.?

Nominations are open for The Bond Buyer’s 2024 Deal of the Year awards

The University of Arizona heads to the municipal bond market this week with its first bond issue since financial troubles led to negative rating outlooks from Moody's Ratings and S&P Global Ratings. The $115.645 million of Stimulus Plan for Economic and Educational Development, or SPEED, revenue bonds issued through the Arizona Board of Regents will refund debt the Tucson-based university issued in 2013 and 2014.

Watch what the municipal bond industry’s innovators and influencers are saying in our Leaders series of video interviews. Check out our lineup of future live interviews and archived conversations.

Illinois' bonds are underappreciated, Wells Fargo Head of Municipal Markets Strategy Vikram Rai said Monday as he released a report on the state titled, "Why Illinois Beckons."

Register now for The Bond Buyer’s California Public Finance conference, coming to San Francisco later this month.

San Francisco-based Wells Fargo has named Elena M. Gallo as its new head of government banking, where she will oversee the bank's commercial banking division that serves more than 3,000 government agencies, public utilities, transportation, and housing authorities across 43 states and the District of Columbia. The government banking division offers banking solutions such as letters of credit, deposits and treasury management. It's separate from the Wells public finance team but works closely with the bankers.

Municipal finance professionals are preparing for an important election in November. Follow The Bond Buyer's coverage of 2024 election developments.

Investors have been pumping larger amounts of cash into muni mutual funds over the past several weeks due to positive returns for the asset class and some clarity from the first Federal Reserve rate cut, with some market participants believing a larger inflow cycle is only beginning.

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