A recent lawsuit has been filed by the American Sustainable Business Council against Texas Comptroller Glenn Hegar and Attorney General Ken Paxton. The lawsuit challenges the constitutionality of a 2021 Texas law that penalizes financial firms for “boycotting” the fossil fuel industry. The plaintiffs argue that the law infringes on their free speech and association
Politics
The recent special session of the Colorado Legislature concluded with the passing of House Bill 1001, aimed at addressing concerns related to property tax cut initiatives on the upcoming ballot. The bill reflects an agreement reached with backers of Initiative 50 and 108, who agreed to withdraw the measures in exchange for certain provisions being
Advocates for a national infrastructure bank have been hard at work, trying to gain support for a bill introduced by Rep. Danny Davis, D-Ill., that would establish one. During the Democratic National Convention, members of the National Infrastructure Bank Coalition made their case to delegates and other political figures. They emphasized the importance of a
The transfer of ownership of the RFK stadium site from the federal government to the District of Columbia seems to be at a standstill, with various roadblocks preventing any progress. The focus on the upcoming election has left this crucial deal stuck just two yards in front of the goal line. The managing partner of
The city of Sparks, located just east of Reno, is considering implementing its first toll road as part of a public-private partnership (P3) model. This 13-mile toll road project has an estimated cost of $500 million and would require approval from state lawmakers due to existing Nevada legislation that prohibits fees on roads within P3s.
Denver voters are facing a critical decision on the Nov. 5 ballot to consider a sales tax hike for the purpose of raising approximately $100 million annually to support affordable housing initiatives. The proposed 0.5% tax increase, put forth by Mayor Mike Johnston, aims to tackle the shortage of affordable homes in the city. This
Federal Reserve Board Gov. Michelle Bowman recently expressed her hesitation in endorsing an interest rate cut at the upcoming Federal Open Market Committee meeting. She highlighted concerns about the persistently high price growth and the potential for inflation to rise further. This cautious approach signifies a departure from the expectation of a rate cut by
Colorado Governor Jared Polis has announced a special legislative session on August 26 to address proposed ballot initiatives that could have a negative impact on public financing, education, and local government funding in the state. These initiatives threaten to reduce funding for K-12 and higher education, prompting the governor to take action to safeguard critical
A recent court decision by Judge Stephen Bough of the U.S. District Court for the Western District of Missouri has struck down a pair of year-old Missouri investment rules that regulated “non-financial” investment advice from broker-dealers and investment advisors. This ruling has sparked controversy and debate among various stakeholders in the financial industry. The court
Utah voters are facing a significant decision on November 5th regarding two major bond propositions totaling $1.237 billion. The Salt Lake City School District Board of Education has put forth a plan to seek $730 million in bonds for various construction projects, including the rebuilding of high schools, the construction of an athletic field house,