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
Politics
Recently, Kansas legislative leaders extended a formal invitation to the Kansas City Chiefs, urging them to contribute to a stadium project with the assistance of bonds. This initiative was presented through a letter released by Senate President Ty Masterson and House Speaker Dan Hawkins. The letter emphasized the benefits of the proposed Professional Sports Franchise
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
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
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
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
The Washington, D.C., City Council is considering a controversial proposal to eliminate the tax exemption on interest on out-of-state municipal bonds. This move, aimed at increasing revenue for the district, has sparked a debate between the council and Mayor Muriel Bowser, who is firmly against further tax hikes. In a letter to Council Chair Phil
The Water Resources Development Act of 2024 has recently passed a key Senate committee, showcasing a significant shift towards advancing a pilot public-private partnership program initially proposed by the Army Corps of Engineers a decade ago. This latest bill marks a crucial moment in the realm of water project delivery methods, signaling a growing interest
A recent tax measure aimed at providing financial support for the San Francisco Bay Area Rapid Transit (BART) district has sparked controversy and opposition among local stakeholders. Senate Bill 1031, introduced by Sen. Scott Wiener and Sen. Aisha Wahab, proposes a ballot measure to generate funds for the struggling BART system, which has been facing
Public opinion on the viability of mileage fees as a replacement for gas taxes has seen a significant shift in recent years. According to the latest survey from the Mineta Transportation Institute, support for a per-mile user fee has grown from 22% in 2010 to 39% in 2024. The survey also found that when these