The Municipal Securities Rulemaking Board (MSRB) is set to convene for its quarterly board meeting on January 29 and 30, 2025. This meeting comes at a time of evolving challenges within the municipal securities market, particularly concerning the submission processes and supervisory obligations for dealers. As the working landscape continues to shift, the MSRB is
Politics
As Nevada prepares for its biennial legislative session, the state’s budget has come under fire, igniting debates and concerns among lawmakers and residents alike. Governor Joe Lombardo’s recent decision to replace his budget chief just days before legislators convened on February 3 has raised eyebrows, particularly in light of the contentious budget proposal that threatens
On Wednesday, the Texas Legislature revealed ambitious budget proposals for the upcoming biennium as the Republican-majority House and Senate aim to build on the substantial property tax cuts initiated in 2023. With a record cash balance of $39.4 billion, Texas legislators find themselves in a rare position of financial strength, allowing them to propose expansive
The beginning of any presidency heralds a time of change, but the impact of President Trump’s Executive Orders, particularly those affecting transportation funding, could have long-lasting implications. Among the measures instituted was an order that aimed at halting federal grants directed toward local transportation projects. The reaction to this executive action was immediate, with House
As Louisiana navigates the complexities of its fiscal landscape, recent tax reforms have sparked discussions among financial analysts and state officials about their potential impact on the state’s budget for the upcoming fiscal year. The combined insight from prominent credit rating agencies—including Fitch Ratings, Moody’s, and S&P Global Ratings—indicates a shift in the state’s revenue
The housing crisis in the United States has reached a point where appropriate solutions are urgently needed. The Trump administration has begun to outline its intentions to tackle these challenges, signaling a concentrated effort to reform the market for affordable housing. Central to this strategy appears to be a focus on municipal bonds and the
The landscape of municipal finance is undergoing a tumultuous period as the House Ways and Means Committee deliberates the potential elimination of tax-exempt options. Reports suggest that a comprehensive 51-page document outlining targeted tax reforms includes drastic changes to tax-exempt bonds, igniting widespread concern among market participants. This scrutiny not only threatens the future of
In an impressive display of fiscal optimism, New York City Mayor Eric Adams has announced a $114.5 billion budget for the upcoming fiscal year, which commences on July 1. This proposal is notably larger by over $2.5 billion compared to last year’s budget and reveals an ambitious intent to boost social services through substantial new
As the 119th Congress commences its deliberations, the House Ways and Means Committee has turned its attention to an essential topic: the sustainability and future of the Tax Cuts and Jobs Act (TCJA). This pivotal legislation, passed in 2017 during Donald Trump’s presidency, aimed to invigorate the American economy by slashing corporate tax rates and
The Gilbert town council has come under fire for its recent decision to increase tax rates in a move aimed at funding critical infrastructure projects. This decision has sparked a lawsuit from the Goldwater Institute, a conservative advocacy organization, that claims the council’s actions infringe upon the Arizona Constitution. The ongoing legal tussle reflects the