Election workers sort mail-in ballots Tuesday in Martinez, California.Bloomberg News California voters were friendly to municipal bonds in Tuesday’s election, with a few notable exceptions. The state’s voters passed two separate $10 billion state bond measures and put their stamp of approval on at least $42.8 billion of local school general obligation bonds. Tuesday’s ballot

Jenniffer González Colón, a supporter of statehood for Puerto Rico, was elected the next governor of the island. Three of the five biggest bond referendums in the Southeast region passed on Tuesday, with voters agreeing to requests from Nashville, Tennessee; Charlotte, North Carolina; and Fairfax County, Virginia, and rejecting them in Cary, North Carolina, and

Louisiana Gov. Jeff Landry wants to reform the tax system in what he says is an effort to strengthen the state’s economy.Bloomberg News Facing budget deficits of $587 million to more than $800 million starting next fiscal year, Louisiana lawmakers are convening an extraordinary legislative session to consider changes to taxes and the state’s constitution.

<img src=”https://public.flourish.studio/visualisation/20173584/thumbnail” width=”100%” alt=”chart visualization” /> Municipal bonds sold off Wednesday, following U.S. Treasuries to much higher yields in a risk-on trade after a sweeping victory by former President Donald Trump and a Republican takeover of the Senate. Equities saw massive gains on the day. The red wave that took the presidency and the Senate

President Biden announces new rules to eliminate lead in drinking water in Milwaukee in October. The Midwest has a disproportionate share of the nation’s lead-lined water pipes.U.S. EPA The fight to end lead contamination in drinking water is playing out with high stakes in the Midwest. The region accounts for a disproportionate share of the

<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

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

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