Lawmakers and lobbyists are currently in a state of uncertainty due to the recent election, the national debt, and the key legislative achievements of the Trump administration. One particular issue that has them on edge is the possible elimination of the tax exemption for municipal bonds. This move could have significant implications for state and
Politics
The Accelerating Deployment of Versatile, Advanced Nuclear for Clean Energy Act has recently passed in the U.S. Senate and is on its way to President Biden’s desk for signing. This legislation is expected to stimulate nuclear power production in the country, signaling a step towards a more sustainable energy future. The bipartisan nature of the
The proposed extension of Brightline train service to Tampa has received a vote of confidence from a coalition of planning and transportation organizations in the region. This coalition, consisting of the Suncoast Transportation Planning Alliance and Central Florida Metropolitan Planning Organization Alliance, is made up of 10 metropolitan planning organizations and state transportation officials along
Federal Reserve Bank of Philadelphia President, Patrick Harker, emphasized the significance of remaining data dependent when considering the timing and number of rate cuts this year. Harker highlighted the importance of utilizing incoming data to navigate through uncertainties and ensure a sustainable return to target inflation. By staying committed to data dependence, the Federal Reserve
Loretta Mester, President of the Federal Reserve Bank of Cleveland, recently expressed her view that inflation risks are still tilted to the upside despite some positive data. She stated that although the median projection of policymakers forecasts only one interest-rate cut this year, she believes the risks to inflation are still leaning towards the upside.
Indianapolis Mayor Joe Hogsett’s pursuit of a Major League Soccer team for the city seems to have created confusion regarding the plans for a new stadium development led by Ersal Ozdemir, owner of the city’s United Soccer League team, the Indy Eleven. While it initially appeared that Hogsett’s announcement had jeopardized the previous stadium development
House Republicans have recently accused the California Public Employees’ Retirement System (CalPERS) of being part of a “climate cartel” that colludes with other investors to push companies to reduce their carbon footprint. This accusation stems from a report released by the Subcommittee on Antitrust, Commercial and Administrative Law, which suggested evidence of a left-wing environmental
Houston’s city council recently approved the issuance of $650 million in general obligation judgment bonds to help address the long-standing contract dispute with the firefighters union. This move, part of Mayor John Whitmire’s plan to end years of impasse and litigation, aims to provide lump sum payments to current and retired firefighters for overtime pay
The Government Finance Officers Association’s Washington, D.C. team is gearing up for the aftermath of this fall’s national election by sowing the seeds of municipal market priorities during the summer months. With the anticipation of potential changes in Congress and even the administration, the GFOA is not shying away from its advocacy efforts. Federal liaison