Risk in senior living sector underscored by investor’s Ch. 11

A Connecticut firm's recent bankruptcy highlights the challenge of investing in the senior living sector, known throughout the muni market as one of the riskier areas, particularly in a post-COVID world. However, some market participants are still bullish, fueled by spread pickup, macro dynamics and demand-driven expansion.?

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

A $1 billion expansion project for an Austin, Texas, wastewater facility, which moved forward in the city council last week, will be funded in part with revenue bonds. The financing plan calls for a combination of water and wastewater system revenue bonds, cash financing, and potential low-interest loans from the Texas Water Development Board and/or the Environmental Protection Agency's Water Infrastructure Finance and Innovation Act,?

Early bird rates are available for The Bond Buyer's Infrastructure event in September in Philadelphia.

A 2017 constitutional challenge to Arizona's system for funding public school facilities that spotlights districts' unequal access to local property taxes and bond issuance finally went to trial last week. The case, filed by school districts and others against state School Facilities Board officials, contends the funding system violates the Arizona Constitution, which requires the state to establish and maintain a general and uniform public school system.??

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.

A surprise primary result means Puerto Rico will have a new governor next year. Puerto Rico Resident Commissioner Jenniffer González Colón upset Gov. Pedro Pierluisi in the race for the New Progressive Party nomination for governor. Given the continued power of the Oversight Board, little will change on the island regardless of the November election, said Puerto Rico attorney and commentator John Mudd.

Read the newest research from The Bond Buyer detailing the public finance industry’s views of the risks and opportunities in 2024.

The IRS settled with the Port of Port Arthur Navigation District of Jefferson County, Texas, regarding the tax-exempt status of a 2017 $55 million bond issuance. The issuer disclosed the recent settlement on the Municipal Securities Rulemaking Board’s EMMA website Monday, concluding a matter that was first disclosed in August. “As a result, there is no change to the tax-exempt status of the interest on the Series 2017A Bonds for federal income tax purposes,” the disclosure said.

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