The possible elimination of tax exemptions for municipal bonds presents a distressing reality facing American consumers and public utilities alike. Advocates have underscored the grave uncertainty that this change could introduce, particularly regarding utility bills. The mere suggestion from congressional Republicans to scratch this exemption can be perceived not simply as a fiscal policy shift,
Politics
The California High-Speed Rail (CHSR) project, initially touted as an ambitious leap into the future of transportation, has spiraled into a financial disaster. With a staggering $7 billion shortfall threatening the completion of the Central Valley segment, we are witnessing a classic example of government overreach, inefficiency, and misguided planning. Helen Kerstein of the state
The recent report from the American Society of Civil Engineers (ASCE) grading U.S. infrastructure with a C has sounded alarm bells across the country. In a world where our infrastructure should reflect America’s status as a global leader, this underwhelming grade not only puts our country’s economy at risk but also exposes an urgent need
The recent developments surrounding the American Securities Association (ASA) and its ongoing legal battle with the Securities and Exchange Commission (SEC) expose a significant clash within the structure of financial regulation in the United States. As a nonprofit trade association, the ASA is advocating for its stance against what they deem an unconstitutional regulation arising
In a critical time for North Carolina’s local governance, State Treasurer Brad Briner has appointed Jeff Poley as the interim director of the State and Local Government Finance Division. Frankly, under Poley’s temporary stewardship, the division stands at the threshold of an exciting shift. While it’s evident that Poley does not seek a permanent role,
Recent years have seen a monumental shift in the narrative surrounding America’s infrastructure, with government funds pouring into necessary upgrades and repairs. The American Society of Civil Engineers (ASCE) has released its latest report card, revealing that for the first time, America boasts an overall GPA of “C.” This improvement is no small feat, as
Kansas is grappling with an increasingly unstable financial outlook, recently highlighted by S&P Global Ratings’ decision to downgrade its rating outlook from positive to stable. This shift is not just a mere blip on the radar; it signifies deep-rooted uncertainties tied to the federal government, particularly the turbulent policies emanating from the Trump administration. This
In an increasingly complex political climate, the urgency for municipal bond-issuing entities to rally in Washington, D.C., cannot be overstated. Officials must understand that they are at a pivotal moment, one where their voices can either solidify the foundations of community development or see them crumble under bureaucratic indifference. As the debate heats up over
As we navigate the complexities of public transit funding in the aftermath of the pandemic, it’s essential to recognize the precarious position that many transit authorities find themselves in. Funding streams, once buoyed by the ambitious Infrastructure Investment and Jobs Act (IIJA), are beginning to taper off, revealing cracks in an already fragile system. With
Utah’s legislative session recently culminated with the approval of a $30.8 billion budget for fiscal year 2026, signaling a forward-thinking approach during a time of economic uncertainty. Governor Spencer Cox is now sifting through pivotal bills that promise to bolster infrastructure and invigorate local economies. While optimism abounds, critical reflection on these measures is warranted.