November will bring historic turnover to state legislatures

We continue our coverage of the midterm elections with a look at state legislatures. State legislatures could see a record number of new faces elected in November. More than 25% of the 6,278 state legislative seats up for election will see a newcomer. Heated primary battles ousted a surprising number of Republican incumbents, and the recent redistricting, as always, has led to an increased rate of open seats.

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Click here to submit a nomination for the 21st Bond Buyer Deal of the Year awards and the Freda Johnson award. The application deadline is Friday, October 7.

California will see a resurgence in school bond measures on the ballot this November, breaking a cycle that saw fewer bond requests in the last two statewide elections. The state's K-12 school and community college districts have 100 general obligation bond measures on the ballot Nov. 8, according to data from the Coalition for Adequate School Housing provided by John Baracy, a C.A.S.H. board member and managing director at Raymond James.

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If you missed our statistics supplement it is live on our website and we feature a story on the decline in underwriting spreads.

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Aaron Fletcher and his firm Twin Spires Financial have entered a final judgment with the Securities and Exchange Commission over their alleged role in providing false financials to the Louisiana Bond Commission in connection with two municipal bond offerings between 2017 and 2018 for the town of Sterlington, Louisiana, as well as the firm's failure to register as a municipal advisor.

And if you missed any of our ESG Week coverage, make sure to check our ESG special section which has all the articles, the podcast and a taped version of the Leaders event.

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The continued and increasing sway of environmental, social, and governance factors in the public finance realm has some observers concerned that pension money managers are allowing politics too much influence on their funds.

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Municipals were hit hard on the front end of the curve but the damage was felt throughout as triple-A yields rose up to 15 basis points and mutual fund outflows topped $2 billion. U.S. Treasuries sold off and equities were mixed.