Taxpayers shoulder a heavy burden for sports stadium subsidies, the Tax Foundation said this week. Reams of research shows that using bonds to finance sports stadiums and arenas do not generate enough revenue to justify the costs, the foundation said in a blog post Thursday. “According to the academic research, the tangible economic benefits job

Dennis J. Enright, founding principal of NW Financial Group and NW Capital Markets, has died, the New Jersey-based firm announced Thursday. He was 76. Enright’s career spanned a half-century, and he was a pioneer in many now-common financing strategies.  “He was a premier banker, always innovating and searching for client solutions that would save money,”

The California Infrastructure and Economic Development Bank board of directors approved $26 million in loan financing for the city of Santa Cruz for two wastewater improvement system projects, IBank officials said Thursday. The funding will help the city replace and upgrade decades-old equipment with the aim of preventing costly repairs, protecting pipelines from corrosion, improving

The end of a brief strike by longshoremen at East and Gulf Coast ports eases immediate credit concerns for the ports, although the lynchpin of the agreement, a 62% salary increase, may nibble away at the bottom lines for some ports over the long term. The strike between the International Longshoremen’s Association representing 45,000 workers

The next generation of public policymakers and public finance practitioners will mingle with current municipal finance pros at a career forum hosted by the University of Chicago Harris School of Public Policy’s Center for Municipal Finance. During the week of Oct. 14, the CMF will hold lunchtime seminars designed to help interested students get the

Municipals faced some pressure Thursday as U.S. Treasuries saw losses amid geopolitical uncertainty and mixed macroeconomic data ahead of Friday’s payrolls figure while equities were off near the close. The last large new-issues priced in the primary and secondary trading pointed to some weakness, leading to small cuts to triple-A yield curves.  Municipal bond mutual

Amid an onslaught of outsized new issuance, many deals have been oversubscribed as buyers clamor for paper, particularly in the high-yield space and from specialty states. “It’s been a bit of a fight for deals that come to the primary market,” said Jon Mondillo, global head of Fixed Income at abrdn. Despite issuance up 35.2%

Municipals were a touch softer Wednesday, but outperformed U.S. Treasury weakness as investors focused on the primary market with several large new-issues pricing to solid demand. Equities were in the black to close the session. Triple-A yield curves were little changed to weaker by one to four basis points, depending on the curve, while Treasuries

As affordable housing has stepped into the spotlight in the presidential election, including during Tuesday’s vice-presidential debate, Vice President Kamala Harris is touting transit-oriented development as a way to increase housing in urban areas. “Some of the work is going to be through what we do in terms of giving benefits and assistance to state

In her new role as Indianapolis-based managing director at Crews & Associates, Susan Reed aims to bring both creative ideas and a deep well of experience to bear on the challenges facing Indiana issuers. Reed, who has worked as a bond attorney and a municipal advisor and has served in a community and economic development