Bonds

A record number of tourists came to New York State last year, pumping more than $78.6 billion of direct spending into the local economy. The 291.5 million tourists who visited the Empire State also generated roughly $123 billion in financial impact for the economy in 2022, according to reports issued by Tourism Economics on Wednesday.

Municipals were slightly weaker in spots Wednesday, largely ignoring the mixed reactions of other markets following the release of a hotter-than-expected consumer price index figure. The focus was on the primary where the Dormitory Authority of the State of New York priced for institutions with yields lowered by up to five basis points from the

“I’ve always been interested in the fiscal health of a city or county, it goes to the health of the people really,” Rob Widigan said. Title: Deputy chief financial officer Firm: Wayne County, MichiganAge: 33 Rob Widigan, deputy chief financial officer of Wayne County, Michigan, has a history of helping to build fiscally stable communities across his state. Rob

Matthew Stitt, 35, co-director at the PFM Center for Budget Equity & Innovation. Title: Co-Director, PFM Center for Budget Equity & InnovationFirm: PFMAge: 35 Matthew Stitt is a director and national lead for equitable recovery and strategic financial initiatives in PFM’s Management and Budget Consulting team. He advises public sector leaders on structural changes, budget

“I try to bring a unique perspective to problem solving for my clients’ transactions, particularly with respect to unrated transactions,” said Carrie J. Cecil, a partner at Frost Brown Todd. Title: PartnerFirm: Frost Brown ToddAge: 38 Carrie J. Cecil, a partner at Frost Brown Todd, focuses on public and project finance, a field she has worked

“Taylor embodies and demonstrates all the characteristics of a Bond Buyer Rising Star,” said Kristin Rudman, media and communications manager at Squire Patton Boggs. Title: PrincipalFirm: Squire Patton BoggsAge: 33 Squire Patton Boggs principal Taylor Klavan has made a name for herself providing counsel on a range of tax advantages for state and local debt,

“My goal, whether I was in muni finance or any other part of the investment management industry, was to support females and help them advance,” Regina Gaysina said. Title: DirectorFirm: RBC Capital MarketsAge: 34 Regina Gaysina is the most active K-12 municipal financial advisor in New Mexico — and the only woman in her role

“I really value individuals who come from non-traditional backgrounds, who bring with them a different skill set and a different experience,” Ashlee Gabrysch said. Title: Director, Regional ManagerFirm: Fitch RatingsAge: 39 As Ashlee Gabrysch wrapped up her bachelor’s degree in interdisciplinary Slavic studies at the University of Chicago, she realized she might need to change

“We do different stuff for school districts than we do for anybody else,” said Mattie Prodanovic. Title: Senior Vice PresidentFirm: HilltopSecuritiesAge: 33 Having the right professor at the right time can make all the difference. Mattie Prodanovic enrolled at the Harris School of Public Policy at the University of Chicago thinking the public policy master’s degree she earned

“This market on a daily basis gives me the opportunity to continue to learn, challenges me to think about things differently and navigate an ever-changing environment,” said Morgan Fahy. Title: Vice President, Capital MarketsFirm: Build America MutualAge: 32 During a two-year analytics program at Citigroup Global Markets, Morgan Fahy found her love for munis, noting that she liked

“One of the things that my parents said to me early on in my life is, ‘If you have the will to do something, you can make it happen,'” Prachi Chandhok said. Title: Head of product, ESG dataFirm: KestrelAge: 34 Prachi Chandhok ended up in municipal finance by chance but attributes her success to her parents. Growing up

The North Carolina Local Government Commission approved more than $1 billion in bond requests from the cities of Charlotte and Durham on Tuesday while returning financial control to the town of Robersonville. Charlotte submitted two requests, one for airport projects and another for improvements at the Spectrum Center arena. The LGC approved Charlotte’s request to

Municipals were mixed in secondary trading Tuesday amid an active primary that saw two large airport deals from Dallas-Fort Worth and Atlanta price. U.S. Treasuries were also mixed, and equities sold off. The two-year muni-to-Treasury ratio Tuesday was at 63%, the three-year at 63%, the five-year at 63%, the 10-year at 65% and the 30-year

Municipals were lightly traded and mostly steady Monday while U.S. Treasuries saw losses across the curve and equities ended in the black. Triple-A yield curves saw a mix of small bumps and cuts by a basis point or two, depending on the curve, while Treasuries saw losses of one to seven basis points with the

Annual tax revenue collection in Massachusetts fell by 4.7% in fiscal year 2023, the State Department of Revenue announced in its yearly report released Friday. The state collected $39.2 billion in fiscal 2023, $1.94 billion less than in fiscal 2022 and 1.5% below the state’s set benchmark, the report said. Officials attributed the year-over-year dip

A “substantial number” of Puerto Rico Electric Power Authority bondholders agreed in principle to a settlement, the Puerto Rico Oversight Board announced Thursday afternoon. As a result, the board sought and received an extension to Aug. 18 for the deadline to submit a proposed plan of adjustment. Board Spokesman Matthias Rieker said the board wouldn’t

The White House’s supplemental funding request, sent to Congress yesterday, aims to pass $40 billion in additional funding measures and includes a $12 billion injection for the Federal Emergency Management Agency’s dwindling Disaster Relief Fund, but some are pushing for it to be considered as a standalone bill over fears that it could be held

Amtrak and Texas railroad company Texas Central announced Wednesday they’re eying a partnership to breathe life into a long-stalled and controversial bullet train between Houston and Dallas. “If we are going to add more high-speed rail to this country, the Dallas to Houston corridor is a compelling proposition and offers great potential,” Amtrak Senior Vice

Connecticut officials say a debt service reserve fund insurance policy allowed them to fund the state’s new baby bond trust without resorting to borrowing. Since July 1 newborns birthed under Connecticut’s Medicaid program, Husky, have been automatically enrolled in CT Baby Bonds and credited with $3,200 deposit that will be invested on their behalf. Between

Hawaii Gov. Josh Green called the fires that have devastated Maui and resulted in 55 confirmed deaths, “likely the largest natural disaster in Hawaii state history.” The wildfires that started Tuesday on Maui have burned at least 20 square miles, 13,000 acres, including the coastal town of Lahaina, according to a live map created by