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Microsoft has reached a deal with the village of Mount Pleasant and Racine County in Wisconsin to purchase 630 acres of land for nearly $100 million to build new data centers. This follows Microsoft's previous $1 billion investment in the area, making it the largest landowner in Mount Pleasant. The deal with Microsoft is seen as a positive development for the village, which had previously hoped for a manufacturing plant from Foxconn that did not fully materialize. The agreement with Microsoft may help to generate new economic growth and potentially improve the village's debt ratios. [Extracted from the article]

She echoed Kemp's concerns about ris¬ing construction costs and said that if a bond issue fails this November, the costs outlined on the ballot may not be relevant come the following election. An Iowa state law adopted this year means local governments and school districts will face a new hurdle in issuing municipal bonds. [Extracted from the article]

A new deal with Microsoft may help fill the void left by the underperformance of a Wisconsin incentive deal to lure Foxconn to the village of Mount Pleasant. [ABSTRACT FROM AUTHOR]

Fitch said GLWA has about approximately $1.6 billion senior lien water supply system revenue bonds outstanding, about $708.1 million of second lien water supply system revenue bonds, $1.79 billion senior lien sewage disposal system revenue bonds and $736.4 million second lien sewage disposal system revenue bonds. According to Moody's and Fitch, the issuer expects to refund about $60 million of outstanding senior lien revenue water bonds, and $90 million of senior lien sewage disposal system revenue bonds and $12 million of second lien sewage system revenue bonds. Michigan-based Great Lakes Water Authority is set to return to market with upward of $400 million in senior and second lien water supply and sewer disposal revenue and refunding bonds following two ratings upgrades and a step toward ending a years-long legal dispute with a city just north of Detroit. [Extracted from the article]

The deal has new-money and refunding components and is expected to hit the market in a negotiated sale the week of Nov. 13. [ABSTRACT FROM AUTHOR]

School districts and local governments may only hold bond elections once a year now, in November. They also face new state-imposed revenue limits. [ABSTRACT FROM AUTHOR]