In recent months, Oklahoma County has found itself embroiled in a complicated legal situation regarding the construction of a much-needed jail facility. The county’s current detention center has been criticized for deplorable conditions, and the recent approval of $260 million in general obligation bonds by voters underscores the urgent need for a new structure. However,
Politics
The landscape of infrastructure spending in the United States is on the brink of significant transformation. Recent communications from the House Transportation and Infrastructure Committee highlight a recalibrated focus on enhancing the nation’s roads and rail systems. With burgeoning discussions around this strategic pivot, the future of infrastructure appears to be both promising and strategically
Washington D.C. stands at a crucial juncture, grappling with pressing security concerns and an imperative need to enhance its budget for the upcoming fiscal year. The District’s leaders are actively seeking Congressional support for an increase of $932 million in their budget request, a sum that is $142 million higher than the previously enacted level.
In recent years, California’s ambitious high-speed rail project has been the subject of intense scrutiny and fierce political division. Initially envisioned as a transformative infrastructure effort to link major cities with a fast, reliable transportation option, the project has faced numerous challenges. The installation of political new blood, specifically during the Trump administration, raises significant
Connecticut stands on the cusp of a substantial overhaul in its transportation funding approach, as revealed in the latest fiscal accountability report released by the governor’s Office of Policy and Management. The state is not only preparing to increase its transportation borrowing but also looks to leverage federal resources for significant investments aimed at modernizing
The current landscape of municipal bonds is at a precarious juncture, characterized by looming tax reforms, rising federal deficits, and a push from affluent entrepreneurs to streamline government expenditures. As municipal leaders prepare for potential challenges to the tax-exempt status of municipal bonds, the anxiety within the municipal finance community escalates. Key stakeholders, including Eric
The Tampa Bay Rays have taken significant strides in their quest for a new home as the St. Petersburg City Council has moved the project forward by approving a considerable bond package of $333.5 million. This critical decision, passed by a narrow 4 to 3 margin, represents not just a green light for the stadium
In a recent discussion at the New York Times’ Dealbook Summit, Federal Reserve Chair Jerome Powell addressed growing concerns about the influence of political figures on the central bank’s autonomy. Amid speculation regarding a so-called “shadow Fed chair,” a concept introduced by Scott Bessent, Trump’s proposed Treasury Secretary, Powell confidently dismissed fears of any diminishment
In a remarkable achievement that signals a significant shift in infrastructure funding across the United States, Brightline has recently been awarded The Bond Buyer’s 23rd Annual Deal of the Year. This honor stems from a groundbreaking $3.2 billion recapitalization project, which stands as the largest private-activity bond issuance and marks the debut of investment-grade debt
The enactment of the Financial Data Transparency Act (FDTA), introduced to enhance data disclosure standards for municipal bonds, has elicited strong reactions from various stakeholders within the financial landscape. While the law, passed in December 2022, mandates that disclosures be presented in a machine-readable format, there remain significant apprehensions regarding its implications for municipal bond