Politics

The U.S. Department of Transportation has recently made changes to its Transportation Infrastructure Finance and Innovation Act program, specifically focusing on clarifying interest rates for its longest-term loans. This amendment is a part of the 2021 Infrastructure Investment and Jobs Act, which introduced several key provisions to enhance the program. One notable change is the
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In a surprising turn of events, Puerto Rico will have a new governor next year as Puerto Rico Resident Commissioner Jenniffer González Colón upset Governor Pedro Pierluisi in the race for the New Progressive Party nomination for governor. This unexpected upset has brought a new dynamic to the political landscape of Puerto Rico, with significant
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The proposed tax measure aimed at providing much-needed financial support for struggling San Francisco regional transit providers, specifically the Bay Area Rapid Transit District (BART), faced significant opposition on multiple fronts. Senators Scott Wiener and Aisha Wahab, the authors of Senate Bill 1031, initially anticipated making further amendments to the bill as it transitioned from
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Maryland’s credit rating outlook has recently been changed to negative by Moody’s, citing concerns over the depletion of the state’s general fund surplus. This downgrade comes despite the state’s issuer and general obligation bond ratings remaining at Aaa. The looming structural imbalances and planned depletion of reserves are highlighted as key areas of concern that
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Oregon economists have recently predicted a 50-50 chance that the state’s residents will receive a kicker tax credit in 2026 due to slow and steady revenue growth. This prediction is based on a trigger mechanism that returns money to taxpayers every two years through a kicker rebate if personal income taxes exceed initial forecasts by
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