The recent structural shifts and environmental challenges faced by the Central Florida Tourism Oversight District, previously known as Reedy Creek Improvement District, provide a compelling case study in crisis management and fiscal resilience. Subjected to a loss of decades-long autonomy and facing the imminent threat of Hurricane Milton, this district’s story embodies the intersection of
Politics
The legal battle over Texas’ controversial 2021 law, which prohibits the state from contracting with financial firms deemed to be “boycotting” the fossil fuel industry, has taken center stage. As the Texas state comptroller, Glenn Hegar, and Attorney General, Ken Paxton, file motions to dismiss a lawsuit by the American Sustainable Business Council (ASBC), the
In a groundbreaking decision, Salt Lake City is poised to initiate a major development project that could potentially inject up to $900 million into the local economy. This initiative focuses on the renovation of the Delta Center, home to the Utah Jazz, and the creation of a vibrant downtown district. The Salt Lake City Council’s
Amtrak’s ambitious initiative to replace the Baltimore-Potomac tunnel stands as a crucial project in revitalizing the nation’s aging transportation infrastructure. However, a recent audit by Amtrak’s inspector general (IG) has raised significant concerns over the planning and management practices involved in this $6 billion endeavor. The report highlights a myriad of shortcomings that could jeopardize
The recent brief strike by longshoremen across East and Gulf Coast ports has raised significant discussions concerning the financial ramifications for port authorities and the broader shipping industry. Ending in less than three days and driven by the International Longshoremen’s Association (ILA), this labor action highlighted key concerns surrounding salary negotiations and their potential effects
The House Committee on Transportation and Infrastructure (T&I) has long maintained a reputation for bipartisanship, eschewing the tumult often seen in other congressional committees. However, as the dust settles from upcoming elections, the potential for a leadership contest looms large. With critical infrastructure issues at stake, various industry groups are reassessing their strategies and preparing
The Municipal Securities Rulemaking Board (MSRB) has recently approved a budget of $48.8 million for the fiscal year 2025, marking a modest 2.9% increase over its previous budget. This decision comes in the wake of the Securities and Exchange Commission’s suspension of the MSRB’s FY2024 rate card, alongside a series of stakeholder meetings aimed at
Proposition 98 is a landmark piece of legislation in California, designed to ensure a stable and predictable flow of funding to the state’s public schools and community colleges. Enacted in 1988, this constitutional amendment mandates that a certain percentage of the state’s budget be allocated to education each fiscal year. Its ongoing significance is underscored
The economic landscape is perpetually changing, influencing how policymakers approach monetary strategies to foster stability and growth. While inflation and unemployment have traditionally been the focal points for the Federal Reserve in crafting monetary policy, recent comments by Fed Chair Jerome Powell have highlighted an additional metric gaining traction: personal savings. This article delves into
The recent leadership transition within the House Municipal Finance Caucus signifies a pivotal moment for municipal finance discussions in Congress. With Democratic Representative Terri Sewell of Alabama stepping into the role of co-chair following the retirement of Maryland’s Dutch Ruppersberger, stakeholders are keenly watching how her ascendancy will shape the future of public finance policies.