- About $27 billion of bonds were up for approval nationwide
- Propositions totaled lowest amount since 2017: IHS Markit data
U.S. voters are slated to approve at least $14.9 billion of local-government debt sales on ballots this election, more than half the amount proposed nationwide, according to preliminary results after Tuesday’s polling.
All in all, voters were asked to decide on about $27 billion of municipal bonds, the lowest tally since 2017, according to data compiled by IHS Markit. The largest measures up for vote were set to fund work ranging from school construction to flood-prevention measures in Virginia Beach.
Bloomberg Markets
By Nic Querolo and Joseph Mysak Jr
November 3, 2021, 6:30 AM PDT Updated on November 3, 2021, 12:20 PM PDT