Thank you for the opportunity to chat with BAM’s Mike Stanton and Suzanne Finnegan to share our research on city infrastructure.

Private colleges and universities continue to fall under the watchful eye of the municipal bond market, which holds their bonds. The scrutiny is not without good reason. According to Merritt Research Services data, almost half of all private colleges and universities recorded negative operating margins in their FY 2023 audits. That's significantly worse than what the same group of colleges fared in the previous year. Fortunately for some, improved non-operating revenue earned in their endowments offset some or all of the negative operating results relative to the richer schools. About 50% of the sector's issuers have reported their Fiscal Year 2023 results to date, all of which have their fiscal year ending on or earlier than September 30. #muniland #Investortools

Partnership connects municipal finance data with academic researchers bondbuyer.com/news/center-fo…

It has been years since I can remember a large new manufacturing company planning a new factory in a downstate Illinois city. Illinois finally lands a big EV battery plant chicagobusiness.com/politics… via @crainschicago

Water & Sewer municipal debt are considered lower risk because they are essential services. These issuers have the most water and sewer bonds outstanding:

How Should Governments Respond to the Next Budget Crisis? governing.com/finance/how-sh…

Keeping your own status in mind, do you think that your city will see at least 75% of all employees to return to the office within two years? Return-to-office figures stall around 50% chicagobusiness.com/workplac… via @crainschicago