The Bond Buyer

"We now expect that any bump the Fed meeting offers will likely be smaller than previously anticipated, and that September should see a quite smooth bond market rally," BofA Global Research strategists said.

Looking back, Page considers the water revenue bond structure and the Hudson Yards tax increment credit structure, which was new in its scope, his most significant achievements. His message to younger generations working in government management: what they do is valuable.

"I think if you are already heavy on the state of California, it's probably not a good time to add more — because of the deficits," said Matt Fabian, a partner at Municipal Market Analytics.

Assistant to the President, Senior Advisor and Director of the White House Office of Public Engagement, Steve Benjamin, joins Philadelphia Mayor, Cherelle L. Parker for an exclusive interview and opening keynote at #BBInfrastructure. Secure your ticket at this can't-miss conference before it's too late! https://bit.ly/3z9uIS6

The shortfall predicted by the state comptroller comes on top of $15 billion of expected funding lost when the governor axed congestion pricing.

"We're not solely in control of how we make this pension system solvent and funded," Dallas Mayor Eric Johnson said. "What we're trying to do is discharge our duty to our retirees and actives who are going to become retirees, while also maintaining a certain amount of flexibility given the uncertainty around what's going to happen with respect to this litigation."

The commission, headed by State Treasurer Dale Folwell, approved $73 million of limited obligation bonds for Rowan County to repair and replace school facilities in the Rowan-Salisbury school system and the Kannapolis City Schools.

The Federal Open Market Committee is expected to cut interest rates at its September meeting, which will also provide a new Summary of Economic Projections. Join us live on September 19 at 1 p.m., as Marvin Loh, senior macro strategist at State Street Global Markets, examines the meeting, the SEP and Fed Chair Powell’s press conference.

The impact of a partial or full shutdown would extend far beyond Washington, as states and localities rely on federal services such as financial reimbursements.

"This transaction will result in a significant simplification of JEA's Electric System balance sheet," the utility said in an online investor presentation. "Upon closing of the 2024A Bonds, JEA's Electric System debt portfolio will consist of primarily fixed rate debt."