The city of Sparks in Nevada has put forth an ambitious plan to construct its first toll road spanning a distance of 13 miles through a public-private partnership (P3). This proposal, if approved by state lawmakers, would mark a significant development for the region. The estimated cost of this project is around $500 million, and
Politics
Denver voters will soon have the opportunity to vote on a sales tax hike on the Nov. 5 ballot. The proposed tax increase, set at 0.5%, aims to raise approximately $100 million annually. This additional revenue could be used to support bonds for affordable housing in the city, which has been facing a shortage of
Federal Reserve Board Gov. Michelle Bowman recently expressed her reservations about the potential for an interest rate cut at the upcoming Federal Open Market Committee meeting. In her address to the Alaska Bankers Association, Bowman highlighted her concerns about the current level of inflation, which she described as “uncomfortably” high. She emphasized the need to
Colorado Governor Jared Polis has announced a special legislative session scheduled for August 26 to address proposed ballot initiatives that could have negative impacts on public financing, education, and local government funding in the state. The Governor emphasized the urgency of the situation, highlighting the potential risks associated with inaction. Initiative 50, set to be
Utah voters will have a significant decision to make on November 5th, as two top-rated issuers are seeking authorization for a total of $1.237 billion of general obligation debt. The Salt Lake City School District Board of Education recently approved a plan to request $730 million of bonds for various projects, including rebuilding high schools,
A federal judge recently struck down two Missouri investment rules that regulated “non-financial” investment advice from broker-dealers and investment advisors. This decision was made following oral arguments from both parties, which resulted in a permanent injunction against the implementation, application, or enforcement of the rules. Missouri Secretary of State John R. Ashcroft enacted the regulations
The state of Tennessee is embarking on a new project to construct “Choice Lanes”, which are tolled express lanes designed to alleviate congestion on highways. However, this project has sparked controversy and debate among lawmakers, advocacy organizations, and experts in the field of transportation infrastructure. The Tennessee government plans to use municipal bonds to finance
In recent news, Prince George’s County Public Schools has announced a groundbreaking initiative to bring in over $660 million of taxable sustainable revenue bonds. These bonds are set to fast-track the construction of eight new schools through a public-private partnership, entering a market where taxable paper is in high demand. This innovative approach is expected
The village of Dolton, located in the southern suburbs of Chicago, has been facing a serious fiscal crisis since 2021. The general fund of the village is in a negative balance of $3.65 million as of May, a clear indicator of financial mismanagement. The lack of audited financial reports since fiscal year 2021 and the
The California High-Speed Rail project has been a source of debate and contention for many years. Recently, California Republican Rep. Mike Garcia introduced a bill that would stop federal funding for the project, citing a lack of tangible results despite billions of dollars being spent. The project, which was initially envisioned as a $33 billion