Tennessee has taken a bold step towards modernizing their transportation infrastructure by introducing the concept of “Choice Lanes”, funded by municipal bonds. This revolutionary approach marks a significant shift from the state’s traditional method of paying for highways using already collected funds. In April 2023, lawmakers in Tennessee passed the Transportation Modernization Act, which focuses
Politics
Prince George’s County Public Schools is embarking on a groundbreaking initiative to finance the construction of eight new schools through a $660 million taxable sustainable revenue bond issuance. This innovative approach involves a public-private partnership that aims to address the growing infrastructure needs of the community while tapping into the current demand for taxable paper
The village of Dolton, a suburb of Chicago, has been facing significant financial challenges since 2021, with a negative $3.65 million balance in its general fund as of May. Despite statutory requirements to submit audited financial reports, Dolton has failed to do so. The absence of a city treasurer and the vacancy of the finance
California Republican Rep. Mike Garcia recently introduced a bill, the No Frankenrail Act, to stop federal funding for the state’s high-speed rail project. The project, which has been ongoing for 15 years, has faced heavy criticism for its lack of tangible results despite billions of dollars being spent on it. The initial funding for the
Governor Tim Walz of Minnesota has been in the spotlight recently due to his ambitious infrastructure investment proposals. His $3.3 billion bonding bill and $1 billion infrastructure package earlier this year have sparked discussions and debates among policymakers and experts. The proposals aimed to address various infrastructure needs in the state, including asset preservation, equity,
The recent decision by the North Carolina Local Government Commission to approve Cabarrus County’s request to sell $186 million of bonds has sparked controversy within the commission. The commissioners voted seven-to-one in favor of the bonds, with Commission Chair and State Treasurer Dale Folwell being the sole dissenting vote. This decision marks a reversal from
Recent developments in the ongoing debate over environmental, social, and governance (ESG) investment policies have highlighted the growing division between political parties on this issue. Congressional Republicans, led by the House Republican ESG Working Group, have launched a vigorous campaign against what they perceive as the failures of ESG practices in the American boardroom. Chairman
After a long and arduous process, the Tampa Bay Rays have finally received the green light from local governments to proceed with their plans to construct a new government-subsidized ballpark in St. Petersburg, Florida. The Pinellas County Commission voted 5-to-2 in favor of committing $312.5 million from its tourist tax fund towards the $1.37 billion
In the last fiscal year, New York City’s five pension funds exceeded their investment targets, with a combined $274 billion in assets returning 10% through June. This performance outpaced their 7% target and was mainly driven by a booming U.S. stock market. The city’s pensions for police officers, fire fighters, teachers, civil employees, and school
The League of California cities recently announced a webinar aimed at assisting potential applicants in accessing $3.3 billion in funding made available through a bond measure approved by voters earlier this year. This funding, which is part of a larger $6.4 billion Proposition 1 bond measure, is set to be released in August. The program