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The state House Appropriations Committee dropped $3.86 billion from a supplemental spending bill, but its chair said the money is "still in play."

"If banks become even more reluctant to make new loans, the likelihood of a recession grows," says New York City Comptroller Brad Lander.

Employee-owned Baird announced that the Baird Strategic Municipal Bond Fund has received a 2023 Refinitiv Lipper Fund Award. The Baird Strategic Municipal Bond Fund is co-managed by Lyle Fitterer, CFA, Duane McAllister, CFA, Erik Schleicher, CFA, Joe Czechowicz, CFA and Gabe Diederich, CFA.

The rating action affects $423 million in bonds and certificates of participation. The territory's issuer rating was affirmed at speculative-grade Ba1.

President Joe Biden's fiscal 2024 budget zeros out spending for the popular RAISE grant program.

http://archive.fast-edgar.com/20230324/AB2ZG2228222R2Z2222O2WOFV8GCZ222VW52 Filed on: March 24, 2023.

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Airports are being squeezed by modernization demands and servicing existing debt.

Outflows continued as Refinitiv Lipper reported $427.082 million was pulled from municipal bond mutual funds in the week that ended Wednesday after $461.123 million of outflows the week prior.

Flint will receive state pension funding help but plans to press for more pension and local government revenue aid to preserve its struggling tax base as it recovers from the 2014 water contamination crisis.

The ruling may open the way for approval of a payout to bondholders as small as 0.21%.

Big national banks would be banned from state and local government contracts in Oklahoma if their policies "discriminate" against the firearm industry.

The state seeks "long-term stable funding" to advance the nation's largest infrastructure project, which remains in slow motion after almost 15 years.

But the Securities and Exchange Commission's best-execution proposal, largely dismissed as duplicating an existing Financial Industry Regulatory Authority edict, could have wide-ranging implications for trading firms in options, bonds, and crypto securities as well as equities.

The Kaiser Family Foundation's report drew the ire of the American Hospital Association, which said it excluded many community benefits from its analysis.

"In short, it appears that the end of the current tightening cycle is coming into view," said Wells Fargo Securities Chief Economist Jay Bryson.

A plan to build a light rail system in the Texas capital city has come under financial and political pressure.

Partner programming also includes implementation grants and a peer cohort BOSTON, March 22, 2023 ?The Public Finance Initiative and its collaborating partners are pleased to announce the forthcoming launch of the new Bond Markets and Racial Equity Framework and program.

A magistrate told PREPA bondholders and Oversight Board to continue negotiations for at least another 13 days.

After a tumultuous week, expect another ahead, said Matt Fabian, a partner at Municipal Market Analytics.

Municipals should continue to be part of banks' high-quality portfolio of assets, but some think ownership may be curtailed by the banking collapse.

Redwood City-based Summit Public Schools had its bond rating downgraded to Ba3 from Baa3 by Moody's and its outlook revised to negative.

The state plans to enter the market before the fiscal year closes June 30th with eyes turned to Fitch and whether it will follow Moody's and S&P with an upgrade.

Chicago Mayor Lori Lightfoot and council members passed resolutions honoring Msall for guiding local finances over two decades as Chicago Civic Federation president.

The Securities and Exchange has updated its frequently asked questions page for the registration of municipal advisors, providing guidance on Form MA, Form MA-I and Form MA-NR

Until now, the battle over the role of ESG factors in investing has played out on the state level.

The bill's sponsor pointed to board members' need for expertise.

Lawmakers must consider the proposal before the end of the legislative session this month after a gut-and-amend maneuver.

The $250 million in debt being issued for Montana Renewables is equal to nearly half the state's issuance for last year.

The banking sector crisis caused a flight-to-quality bid in USTs last week.

The MTA, which expected to begin collecting the tax next year, has revised downward its 2024 projections as federal review is taking longer than expected.

Among the record number of bills filed in the biennial session are bills aiming to restrict or expand municipal bond issuance.

The Hall of Fame initiative celebrates individuals whose careers have left an indelible mark, while the Rising Stars program recognizes the muni finance leaders of tomorrow. Nominations close May 5, 2023.

Investors will be greeted Monday with a new-issue calendar estimated at $4.064 billion.

Governments across the Northeast announced support for emerging industries affected by the collapse of Silicon Valley Bank and Signature Bank.

The watchdog would have the power to subpoena data from oil companies.

The collapse of Silicon Valley Bank and Signature Bank (SGBG) clouds the economic landscape and complicates monetary policy decisions but it's a long way off from the troubles banks and broker-dealers faced in the 2008 financial crisis.

Outflows continued as Refinitiv Lipper reported $461.123 million was pulled from municipal bond mutual funds in the week that ended Wednesday after $307.815 million of outflows the week prior.

S&P: * S&P SAYS CALIFORNIA'S $2.6 BILLION VARIOUS-PURPOSE GO BONDS ASSIGNED 'AA-' RATING Source text for Eikon: Further company coverage: [ ]

President Biden's budget would allow large transit agencies to divert formula capital grants to operations in 2024, a move that one transit official said may hurt smaller agencies.