borrowing costs News

Florida Cities Crushed by Ian Face Highest Borrowing Costs in Decade

Florida cities looking to rebuild from the devastation of Hurricane Ian will be financing their efforts during the worst environment for municipal borrowing in more than a decade. Washed-out roads and bridges are only the most glaring examples of urgent …

Cities Are Buying Bond Insurance That May Be Giving Them Nothing

Around noon one Wednesday in July, two school districts from California’s Central Valley auctioned off their bonds to Wall Street underwriters. Both had the same credit rating. The deals were of similar size. They were being issued for the same …