New Security Issues, State and Local Governments

Release Date: June 2025
New Security Issues, State and Local Governments (Table 1.45) 
Millions of dollars
Type of issue or issuer, or use 2022 2023 2024 Oct 2024 Nov 2024 Dec 2024 Jan 2025 Feb 2025 Mar 2025 Apr 2025 May 2025
1 All issues, new and refunding 1 378,137 370,483 502,023 64,609 27,060 31,172 36,916 40,163 42,315 50,797 51,069
 
  By type of issue  
2 General Obligation 124,405 131,296 153,426 18,667 6,671 7,706 11,923 11,383 13,175 24,442 15,665
3 Revenue 253,733 239,187 348,597 45,942 20,389 23,466 24,993 28,779 29,140 26,355 35,405
 
  By type of issuer  
4 State n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a.
5 Special district or statutory authority 2 n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a.
6 Municipality, county or township n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a. n.a.
 
7 Issues for new capital 261,688 248,650 317,193 39,067 20,759 24,790 23,713 25,889 25,275 29,846 35,124
 
  By use of proceeds  
8 Education 65,590 67,375 67,803 5,902 3,490 2,801 8,123 5,613 7,937 8,612 13,484
9 Transportation 27,914 21,328 31,425 3,254 3,232 2,660 2,952 3,337 97 1,874 1,665
10 Utilities and conservation 14,811 9,998 7,790 761 529 1,342 1,314 2,623 537 448 1,637
11 Industrial aid 31,633 39,463 45,994 6,494 5,434 3,576 3,262 5,064 2,345 1,752 2,967
12 Other purposes 82,450 66,978 99,732 14,595 4,186 9,351 4,295 4,612 9,909 14,023 8,875
  1. Par amounts of long-term issues based on date of sale.  Return to table
  2. Includes school districts.  Return to table
Source: Mergent beginning November 2011; Securities Data Company beginning January 1990 to October 2011; Investment Dealers Digest before then.
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Last Update: June 27, 2025