The recent legal battle in Oklahoma surrounding the state’s anti-ESG law has unveiled serious allegations against the Office of the State Treasurer, led by Todd Russ. This case raises pertinent questions regarding transparency and accountability within state governance, as a lawsuit has been filed against Russ and his associates by FOIA Professional Services, LLC. The
Politics
In a groundbreaking move, New York City Comptroller Brad Lander has publicly endorsed a policy that could exclude all fossil fuel infrastructure from the city’s pension investment portfolio. This initiative puts the spotlight on three prominent pension funds—the New York City Employees’ Retirement System, the Teachers’ Retirement System, and the Board of Education Retirement System.
In a significant move towards fiscal restructuring, the Chicago City Council has recently endorsed a plan to refinance $1.5 billion of the city’s outstanding debt. This decision, finalized with a 35-12 vote on a Tuesday, follows a previous postponement during the council’s Oct. 9 meeting. The importance of this refinancing cannot be understated, as it
The Municipal Securities Rulemaking Board (MSRB) has embarked on a proactive journey to enhance its regulatory framework, promising significant alterations to its rate card fee setting process. This initiative was highlighted during the MSRB’s first quarterly board meeting of FY 2025, which took place on October 23-24. The meeting underscored the board’s commitment to transparency
The transportation landscape in the United States is evolving, with public-private partnerships (P3s) emerging as a compelling solution to address critical infrastructure needs. In North Carolina, this shift is epitomized by the proposed expansion of Interstate 77, which has recently gained traction following critical endorsements from key municipal and transportation bodies. This ambitious project, characterized
The Financial Data Transparency Act (FDTA), enacted in December 2022, has generated significant debate across municipal market participants. As the Securities and Exchange Commission (SEC) prepares to review comments surrounding this legislation, a chorus of skepticism arises from various stakeholders. Critics argue that the FDTA represents an overreaching federal mandate that may impose undue burdens,
The recent investor conference in Houston, organized by Controller Chris Hollins, has sparked a significant political backlash amid allegations regarding corporate sponsorship ethics. Mayor John Whitmire expressed his concerns about “pay-to-play” practices, suggesting that corporate sponsorships could lead to inappropriate influence in municipal affairs. In response to Hollins’ solicitation of corporate funds for the event,
As the nation’s fourth-largest city, Houston, Texas, finds itself consistently confronting an alarming fiscal landscape, characterized by frequent natural disasters and a staggering budget shortfall. The recent assistance from state officials, which promised $50 million aimed at alleviating the city’s financial burden due to storm-related cleanup costs, brings to light not only the city’s ongoing
As cities across the United States grapple with the implications of dwindling funds from the American Rescue Plan Act (ARPA), a nuanced analysis reveals a landscape of both formidable challenges and innovative solutions. The evolving fiscal conditions demand a careful balancing act between maintaining financial reserves and responsibly issuing new debt. As municipal leaders strategize
The City of Houston has recently found itself embroiled in controversy as Mayor John Whitmire raised concerns regarding an investor conference organized by City Controller Chris Hollins. This unfolding situation has significant implications for city governance, transparency, and stakeholder trust, sparking heated debates about fiscal responsibility and ethical oversight within municipal operations. Houston’s Mayor, John