Municipal bonds play a vital role in financing essential projects for cities, accounting for the majority of funding for public infrastructure such as roads and utilities. In the second half of 2023, there has been an increase in “new-money” bond sales for these projects, and this trend is expected to continue into 2024. One driving factor behind this surge is the need for cities to raise matching funds in order to unlock Federal infrastructure grants.
However, the current higher interest-rate environment poses challenges for cities in attracting investors to their projects and keeping costs affordable. This means that local leaders may have to put in extra effort to make their projects enticing to investors. To stay updated on the market trends and gain insights on what city leaders should focus on when preparing to sell bonds in the coming year, NLC partner Build America Mutual and market experts are hosting a virtual event on Tuesday, December 14 at 2:30 PM ET. This event aims to provide valuable information for city leaders navigating the municipal bond market.
Please note that the registration link provided will direct you to a non-NLC web page where you can sign up for the event.
