New Security Issues, State and Local Governments

Release Date: August 2026
New Security Issues, State and Local Governments (Table 1.45) 
Millions of dollars
Type of issue or issuer, or use 2023 2024 2025 Dec 2025 Jan 2026 Feb 2026 Mar 2026 Apr 2026 May 2026 Jun 2026 Jul 2026
1 All issues, new and refunding 1 370,483 502,023 576,523 42,374 35,793 41,861 53,534 52,444 51,296 63,307 47,366
 
  By type of issue  
2 General Obligation 131,296 153,426 185,973 8,255 10,580 15,247 18,375 19,997 15,792 18,879 10,300
3 Revenue 239,187 348,597 390,550 34,118 25,213 26,614 35,159 32,447 35,504 44,428 37,066
 
  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 248,650 317,193 375,816 29,828 26,359 27,020 29,960 33,365 31,763 42,355 30,874
 
  By use of proceeds  
8 Education 67,375 67,803 90,681 6,085 4,477 8,125 6,724 5,177 6,923 7,632 5,042
9 Transportation 21,328 31,425 33,371 1,094 2,904 987 444 811 2,217 1,516 4,538
10 Utilities and conservation 9,998 7,790 14,302 163 379 1,189 1,010 132 1,404 2,352 480
11 Industrial aid 39,463 45,994 50,201 4,143 6,113 3,796 4,796 4,196 4,617 7,341 5,994
12 Other purposes 66,978 99,732 113,237 11,432 8,094 6,428 11,445 13,809 9,678 14,542 9,433
  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: August 28, 2026