The impending elections for the U.S. Senate and House of Representatives are pivotal, with the outcome set to significantly influence the strategic direction of tax legislation and surface transportation initiatives. As candidates vie for control over the legislative landscape, various electoral races stand out, holding the potential to reshape key committees that govern essential aspects
Politics
The municipal bond market, valued at approximately $4 trillion, has long operated under the principle of self-regulation, a structure that has faced mounting criticism over the years. Recent discussions, spearheaded by notable public finance experts, have ushered in a provocative proposition: direct federal oversight of municipal bond issuers. This idea, while controversial, could signify a
The passage of Hurricane Milton through Florida has sent shockwaves throughout the state’s economic landscape, revealing vulnerabilities in its financial infrastructure and disaster preparedness strategies. This tempest, now estimated to necessitate a staggering $4.5 billion draw from the Florida Hurricane Catastrophe Fund (CAT fund), dwarfs the financial requirements resulting from the earlier Hurricane Helene, which
In a significant move to bolster the nation’s rail infrastructure, the Department of Transportation (DOT) has announced an allocation of $2.4 billion earmarked for 122 rail projects across 41 states, including the District of Columbia. This initiative arises amid growing apprehensions surrounding ongoing infrastructure funding, particularly concerning the future of rail services in America. The
As voters approach the upcoming election, they face an unprecedented opportunity to influence the state and local transportation landscape with over 300 measures on ballots across the nation, collectively valued at more than $70 billion. These measures signify not only the growing need for enhanced transportation solutions but also voters’ potential impact on determining the
The Oklahoma Treasurer’s Office, led by Todd Russ, finds itself embroiled in legal controversy as allegations emerge of possible misconduct relating to the handling of documents tied to environmental, social, and governance (ESG) investment practices. A recent lawsuit filed by FOIA Professional Services, LLC, raises serious questions about the office’s compliance with open-records laws and
Recent developments in New York City’s pension investment strategy have ushered in a significant pivot away from traditional fossil fuel investments. City Comptroller Brad Lander’s endorsement of excluding fossil fuel infrastructure from the city’s pension funds marks a critical transition in the landscape of public finance. This pioneering policy is set to position New York
The Chicago City Council has recently made headlines with its approval of a significant refinancing plan aimed at addressing the city’s substantial debt, totaling $1.5 billion. This decision, which follows a postponement at the council’s previous meeting, has sparked both hope and criticism regarding the future financial management of the city. On Tuesday, the council
The Municipal Securities Rulemaking Board (MSRB) recently marked a significant occasion with its first quarterly board meeting of fiscal year 2025. Held on October 23-24, this meeting not only introduced new leadership under Chair Warren “Bo” Daniels but also set a tone for the regulatory environment ahead. A particular focus was the request for information
In a bold move aimed at addressing chronic congestion in Charlotte, North Carolina, the state has embarked on its largest transportation initiative to date. This ambitious project, primarily focused on expanding an 11-mile stretch of Interstate 77, has gained traction through a public-private partnership (P3) structure, following crucial endorsements from local governing bodies. The endeavor