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Hollywood High School is part of the Los Angeles Unified School District, which is asking voters to authorize $9 billion of bonds.Bloomberg News The Los Angeles Unified School District, the second-largest in the US, is asking local voters to approve the sale of $9 billion in school construction bonds Tuesday to modernize its aging facilities

Houston Independent School District’s $4.4 billion bond proposal faces opposition in the wake of its 2023 takeover by the Texas Education Agency.Houston Independent School District Texas ballots are bursting with the most bonds among Southwest states in Tuesday’s election, topped by a two-part, $4.4 billion Houston Independent School District proposal that faces bipartisan opposition.  The

While the economy remains “resilient,” signs of slowing growth have emerged, said Judith Raneri, senior vice president and portfolio manager at Gabelli. Members of the Federal Reserve have telegraphed their intentions, analysts said, and will cut the fed funds target rate by 25 basis points this week, bringing the range to 4.50% to 4.75%, but

The NIU campus. The university’s new debt will finance energy efficiency projects affecting roughly half of campus buildings.Northern Illinois University Northern Illinois University will issue $62 million of Series 2024 certificates of participation to finance energy-saving projects affecting roughly 50 buildings, or half of all campus infrastructure. It does so after Moody’s Ratings on Oct.

High growth and population shifts in some areas of the country are spiking property taxes, causing taxpayer revolts and potentially endangering funds used to support bond issuance.  “The property tax won’t win any popularity contests with homeowners, but it still has an important role to play in public finance,” said Jared Walczak, vice president of

Bloomberg News Vice President Kamala Harris and former President Donald Trump have both made a barrage of campaign promises on spending, taxation and trade policies that would come with hefty price tags. Those outlays could complicate the Federal Reserve’s plans for lowering interest rates. The Committee for a Responsible Federal Budget, a nonprofit organization that

<img src=”https://public.flourish.studio/visualisation/20153191/thumbnail” width=”100%” alt=”chart visualization” /> Municipals were steady Tuesday as market participants mostly sat on the sidelines to await the results of the election and Wednesday’s Federal Open Market Committee rates decision, both of which will likely cause volatility in the near term and have repercussions on economic and monetary policy in the longer

Three-term incumbent Ohio Sen. Sherrod Brown lost his seat in a close race Tuesday night. Former President Donald Trump appeared close to re-taking the White House late Tuesday and Republicans won a majority in the Senate while the House remained too close to call. Republicans late Tuesday appeared to take control of the Senate after

rawpixel.com / Felix/rawpixel.com – stock.adobe.com Voters appeared to approve California Propositions 2 and 4, each authorizing $10 billion of bonds, for the environment and wildfire protection, respectively, while the Los Angeles Unified School District appears on pace to receive voter approval for $9 billion of bonds. San Diego Community College District voters appeared to approve

Federal Reserve Bank of Cleveland President Beth Hammack said that while progress on lowering inflation had resumed in recent months, officials aren’t yet ready to declare their mission accomplished.  “We have made good progress, but inflation is still running above the FOMC’s 2% objective,” Hammack said Thursday, referring to the rate-setting Federal Open Market Committee.

Municipals improved Friday after a volatile week for the asset class, ignoring losses in U.S. Treasuries, while equities closed the week mixed. Investors will see higher yields and ratios along with a nearly $11 billion new-issue slate for the final week of the month and the last ahead of the election. Triple-A yields fell three

State and local governments in the West, Southwest and Southeast are leading the pack in economic growth as some analysts are seeing good times for the municipal bond market.  “We’ve had $40 billion monthly in new issue calendars for the last seven months in 2024,” said Tom Schuette, senior vice president and investment grade credit