Amid criticism from lawmakers for not having a clear housing plan in place, Hawaii Governor Josh Green claims the state is making progress towards reducing recovery costs by transitioning people displaced by fires from hotels to permanent housing. Lawmakers have expressed concerns about the lack of a coherent budget for the costs associated with the
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As tax season progresses, the municipal bond market is facing challenges and experiencing selling pressure as investors shift their focus from short-term securities to meet their tax obligations. This trend has caused muni bonds to underperform compared to U.S. Treasuries and corporate bonds, with negative returns month-to-date. Despite this, experts believe that the muni market
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Samantha Costanzo, the newly appointed head of public finance at Huntington National Bank, sheds light on the challenges women face in the male-dominated financial services industry. Costanzo acknowledges the disparity in gender representation in finance, describing it as a “chicken and egg problem.” Despite the obstacles, she remains hopeful and believes in the power of
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Federal prosecutors have taken legal action to seize two upscale New York City apartments valued at $14 million, which are believed to have been purchased using funds obtained through a corrupt scheme connected to Mongolia’s significant copper mine. The lawsuit, filed in U.S. District Court in Brooklyn, exposes a series of alleged illegal contracts totaling
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City Controller Chris Hollins recently expressed his apprehensions regarding Houston’s ability to sustain the proposed settlement with its firefighters in the long term. While he acknowledged that the city could manage the immediate costs of the settlement, he emphasized the need for a revenue increase to prevent a growing structural budget gap. Hollins estimated that
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Recently, Utah Governor Spencer Cox signed several pieces of legislation, including a measure aimed at preserving the state’s largest coal-fired power plant beyond its scheduled shutdown in 2025. Despite concerns raised by the Intermountain Power Agency (IPA), Cox remains optimistic about the future of the plant. However, IPA’s General Manager, Cameron Cowan, expressed reservations about
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