The appointment of Sean Duffy as the potential head of the U.S. Department of Transportation has sparked considerable discussion about the future of the nation’s infrastructure and transportation policies. President-elect Donald Trump’s announcement on his social media platform drew significant attention, as he emphasized Duffy’s extensive congressional experience and relationships that could be pivotal in
Politics
As the Biden administration commemorates the third anniversary of the Infrastructure Investment and Jobs Act (IIJA), a significant financial push of $3.4 billion has been promised. This pivotal moment reflects not only an ongoing commitment to revamping the nation’s dilapidated infrastructure but also a strategic move to ensure that the momentum continues into the last
The recent contention within the Chicago City Council regarding Mayor Brandon Johnson’s proposed fiscal 2025 budget encapsulates the larger issues surrounding municipal governance and fiscal responsibility in times of economic uncertainty. The rejection of a $300 million property tax increase plays a pivotal role not merely in addressing the immediate budget deficit but also unveils
The recent approval of Proposition U, aiming to enhance public safety in Dallas, comes with complexities that have prompted a reassessment of the city’s financial outlook by Moody’s Investors Service. With this proposition, Dallas takes a significant step by mandating the allocation of at least 50% of annual revenue increases to enhance public safety measures.
As the largest county in Oklahoma grapples with escalating costs and logistical challenges surrounding the construction of a new jail facility, a public-private partnership (P3) emerges as a potential solution. The necessity for replacing the current correctional facility, which has been criticized for its health and safety conditions, is becoming increasingly urgent. This article delves
In a critical turn of events this week, Kroll Bond Rating Agency (KBRA) announced that it has placed the City of Chicago’s A general obligation bond rating on a “Watch Downgrade” status. This decision coincides with the City Council’s upcoming vote on a contentious $300 million property tax increase, spearheaded by Mayor Brandon Johnson as
The issue of congestion pricing in New York City has become increasingly contentious, especially with the political landscape shifting dramatically following the recent elections. The Metropolitan Transportation Authority (MTA) faces mounting pressure to secure funding and implement necessary infrastructure improvements, all while the potential for drastic changes in policy looms ahead with the incoming Presidential
The dynamics of budgeting within the Internal Revenue Service (IRS) have far-reaching implications, particularly concerning municipal bond audits. As the political landscape shifts with new leadership, the perennial debate surrounding the IRS budget continues to play a crucial role in shaping how municipal issuers are monitored and audited. What appears to be a simple matter
The recent wave of bond referendums across the southeastern United States has elicited mixed reactions, with significant victories alongside notable defeats. Various municipalities sought voter endorsement for essential infrastructure projects, revealing citizens’ priorities and concerns about public funding. This analysis delves into the results of these referendums, exploring the implications of the successes in Nashville
The recent approval by the Oklahoma Turnpike Authority (OTA) to issue a staggering $1 billion in revenue bonds has drawn considerable attention and concern. This funding aims to back the ACCESS Oklahoma expansion program, which has seen its budget balloon to an estimated $8.2 billion, significantly up from the original estimate of $5 billion disclosed