News•Mar 11, 2026
Bond Defaults Follow Cook County's Property Tax Delays
Cook County's transition to a new property‑tax software delayed bill issuance and collections, compressing cash flow for local governments. The delay forced East Dundee & Countryside Fire Protection District to miss its Jan 15 principal and interest payment on its 2021 series bonds. Moody’s responded by cutting the district’s rating to speculative‑grade B1, while Assured Guaranty covered the insured portion of the default. A county‑wide Bridge Funding Program offered interest‑free loans, but eligibility constraints limited uptake, highlighting systemic operational risk in municipal finance.
By The Bond Buyer (municipal finance)
News•Mar 10, 2026
Munis Steady, Investor Confidence Is 'Solid'
Municipal bond markets held steady on Tuesday despite weaker U.S. Treasury yields and mixed equity performance. Muni‑UST ratios stayed near 60% for short maturities and rose to about 90% for the 30‑year, indicating solid relative pricing. Analysts warn that higher...
By The Bond Buyer (municipal finance)
News•Mar 10, 2026
DOT Releases Final P3 Guidance
The U.S. Department of Transportation issued final guidance on value‑for‑money (VfM) analysis for public‑private partnership (P3) projects under the Infrastructure Investment and Jobs Act. The rule applies to projects exceeding $750 million that receive federal credit assistance and to any P3...
By The Bond Buyer (municipal finance)
News•Mar 10, 2026
GFOA: Treasury Should Not Create New Reporting System
The Treasury Department is proposing Privacy Act amendments to launch a new, centralized reporting system for eight federal assistance programs, including the State and Local Fiscal Recovery Fund and Emergency Rental Assistance. The Government Finance Officers Association (GFOA) argues that...
By The Bond Buyer (municipal finance)
News•Mar 10, 2026
Louisiana Governor Proposes a State Infrastructure Bank
Louisiana Governor Jeff Landry introduced a proposal for a state infrastructure bank as part of his $46.9 billion fiscal 2026 budget. The revolving‑finance model is intended to stretch state dollars, leverage federal programs and fund projects without raising taxes. Landry highlighted...
By The Bond Buyer (municipal finance)
News•Mar 10, 2026
Nickel Hayden Grows Municipal Advisory Team
Nickel Hayden Advisors announced the addition of Lucas Janda and Eduardo Cabrera, expanding its roster of registered municipal advisors to seven. Janda brings over 15 years of public‑finance experience in school‑district roles, while Cabrera adds five years of municipal financing...
By The Bond Buyer (municipal finance)
News•Mar 10, 2026
Fayetteville, Arkansas, Voters OK $335.5 Million of Bonds
Fayetteville voters approved a $335.5 million municipal bond, keeping a 1 % special sales tax in place to service the debt. The package earmarks funds for water, sewer, parks, animal services, pedestrian infrastructure, recycling, fire‑safety projects, and allocates $61.9 million to build an...
By The Bond Buyer (municipal finance)
News•Mar 10, 2026
State Audit Finds No 'Egregious Wrongdoing' By Oklahoma Turnpike Authority
The Oklahoma Turnpike Authority (OTA) underwent a state‑ordered audit that concluded there was no egregious wrongdoing or statutory non‑compliance, but it highlighted weaknesses in contracting practices and suggested tighter legislative guardrails. The audit examined OTA’s $8.2 billion ACCESS toll‑road expansion, which...
By The Bond Buyer (municipal finance)
News•Mar 9, 2026
COFINA Bondholders Argue MBIA Inc. Is Responsible for Actions of Subsidiaries
COFINA bondholders have filed a second amended complaint against MBIA Inc., alleging the insurer used its control over subsidiaries to allocate assets that disadvantage bondholders. A Connecticut judge previously dismissed claims against the subsidiaries for lack of jurisdiction but permitted...
By The Bond Buyer (municipal finance)
News•Mar 9, 2026
Squire Patton Boggs Promotes Lauren Trialonas to Partner
Squire Patton Boggs has elevated Lauren Trialonas to partner in its public and infrastructure finance group after 18 years at the firm. Trialonas, based in New York, advises conduit issuers, healthcare providers, and higher‑education institutions. Her promotion is part of a broader wave that...
By The Bond Buyer (municipal finance)
News•Mar 9, 2026
GASB Reaching Out to Localities and Tribes
The Governmental Accounting Standards Board (GASB) unveiled a series of 16 short videos aimed at elected officials, marking its first foray into video‑based explanations of governmental financial reporting standards. The clips, ranging from five to ten minutes, break down core...
By The Bond Buyer (municipal finance)
News•Mar 9, 2026
Mayo Clinic to Issue $750 Million of Bonds
Mayo Clinic announced a $750 million bond issuance slated for early to mid‑April, comprising a blend of 30‑year notes and intermediate‑term debt ranging from seven to 15 years. The proceeds will finance the nonprofit’s expansive "Bold. Forward. Unbound." capital program, which...
By The Bond Buyer (municipal finance)
News•Mar 9, 2026
Bond Supply, Issuance on the Upswing in 2026
The Bond Buyer’s 2026 Predictions report forecasts municipal bond issuance to surpass $500 billion, with many respondents arguing $750 billion or more is required to fund looming infrastructure needs. Overall supply, tax‑exempt and revenue bonds are all expected to grow, driven by...
By The Bond Buyer (municipal finance)
News•Mar 9, 2026
MTA Capital Cost Savings May Be Example for Other Agencies
The New York Metropolitan Transportation Authority’s Construction & Development department reported a fresh $1.2 billion in cost savings for 2025, adding to the $3 billion saved between 2020‑2024. The agency’s $68 billion 2025‑2029 capital plan includes accelerated projects such as the Park Avenue...
By The Bond Buyer (municipal finance)
News•Mar 6, 2026
Jackson Hospital Bondholders Offered Less than 19% Recovery
Jackson Hospital & Clinic in Alabama has filed Chapter 11, offering bondholders an estimated 18.7% recovery on par, or 22.9% for the broader secured class. The $87.5 million secured claim pool will be paid via a $2.5 million cash injection, $7.5 million senior unsecured...
By The Bond Buyer (municipal finance)