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,
Politics
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
In his role as governor of Minnesota, Tim Walz has put forward ambitious proposals for infrastructure investments, including a $3.3 billion bonding bill and a $1 billion infrastructure package. These proposals were aimed at addressing a range of issues, from infrastructure asset preservation to housing and combatting homelessness. However, despite their progressive nature, these proposals
The recent decision by the North Carolina Local Government Commission to approve Cabarrus County’s request to sell $186 million of bonds has sparked controversy within the state. Despite a previous rejection of the county’s bond request in July, the commission reversed course and voted seven-to-one in favor of the issuance. This decision has raised concerns
Last week, Congressional Republicans escalated the ongoing partisan battle over environmental, social, and governance (ESG) investment policies. The House Republican ESG Working Group released a report titled “The Failure of ESG: An Examination of Environmental, Social and Governance Factors in the American Boardroom and Needed Reforms.” This move signifies a significant pushback against the increasing
In a landmark decision, the Tampa Bay Rays have finally received the green light from local governments to move forward with their ambitious plan to build a new government-subsidized ballpark in St. Petersburg, Florida. After months of negotiations and uncertainty, the Pinellas County Commission voted 5-to-2 in favor of committing a sizable amount of $312.5