The landscape of municipal bond audits is experiencing a shift as the new administration takes the reins, introducing variables that may alter the frequency and intensity of audits performed by the Internal Revenue Service (IRS). The budget allocated to the IRS is not just a line item in a fiscal report; it is a decisive
Politics
The outcomes of the recent bond referendums across the Southeast region of the United States offer a fascinating lens into the complexities of local governance, public sentiment, and infrastructural demands. While some cities have embraced significant proposals for funding improvements, others have decisively turned them down, indicating a nuanced perspective on fiscal responsibility and community
The Oklahoma Turnpike Authority’s (OTA) recent decision to authorize the issuance of $1 billion in revenue bonds marks a significant and contentious moment for the state’s infrastructure development plans. This decision is intended to finance the ACCESS Oklahoma expansion program, which has recently seen its projected costs balloon from an initial estimate of $5 billion
In the wake of an intensely contested election, the political dynamics in the United States are shifting dramatically. This scenario hinges not only on the prospects of former President Donald Trump potentially reclaiming the White House but also on the power balance in Congress, where Republicans have begun to establish a foothold in the Senate.
The dynamics of property taxes are becoming increasingly significant as rapid growth and demographic shifts are reshaping many areas across the United States. In numerous regions, rising property values are leading to substantial increases in property tax bills. This surge is generating considerable discontent among taxpayers and raising concerns over the sustainability of funding for
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
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