North Carolina is on the brink of launching its most significant transportation endeavor to date, the expansion of the Interstate 77 corridor, with the potential backing of a public-private partnership (P3). Following a pivotal vote by the Charlotte City Council and the Charlotte Regional Transportation Planning Organization (CRTPO), the North Carolina Department of Transportation (NCDOT)
Politics
The Financial Data Transparency Act (FDTA) of 2022 represents a significant shift in regulatory policies affecting the municipal securities market. As this extensive law progresses through various stages of implementation, stakeholders from across the municipal landscape have voiced a plethora of concerns regarding its implications. Enacted in December 2022, the FDTA mandates that disclosures pertaining
The recent investor conference hosted by Houston Controller Chris Hollins unfolded under a cloud of political controversy, culminating in the notable absence of important city officials. The friction surfaced following concerns raised by Mayor John Whitmire, who demanded scrutiny over potential conflicts of interest stemming from corporate sponsorships linked to the event. The mayor’s apprehensions
Houston, as the fourth-largest city in the United States, finds itself wrestling with profound fiscal challenges exacerbated by the impacts of natural disasters. Recent developments reveal how fiscal management remains precarious, underscored by the aftermath of two significant storms that have put pressure on city budgets. The release of state funds is a temporary relief
As the support from the American Rescue Plan Act (ARPA) begins to diminish, municipalities across the United States are confronting a significant fiscal reckoning. City officials are not only tasked with managing the aftermath of federal funding but also with strategizing their financial futures in the face of mounting obligations. This scenario underscores the broader
In the vibrant city of Houston, tensions have escalated dramatically between Mayor John Whitmire and City Controller Chris Hollins over the organization of an upcoming investor conference that has raised eyebrows. At the heart of the controversy lies the solicitation of sponsorships from municipal bond firms, with amounts ranging from $10,000 to $100,000. While sponsorships
In the realm of infrastructure finance and economic stability, Puerto Rico’s move towards a public-private partnership (PPP) model for its toll roads signals both opportunity and challenge. This shift comes in the wake of the island’s complex financial landscape post-bankruptcy and aims to ignite growth avenues while addressing the pressing transportation needs of its citizens.
In an era increasingly dominated by concerns over climate change and environmental sustainability, the Intermountain Power Agency (IPA) in Utah is navigating a transformative phase in its operations. With an impending $114.6 million revenue bond sale set to solidify its transition from coal to cleaner fuel sources, IPA is enhancing its focus on how to
As the housing crisis continues to deepen across the United States, housing advocates are turning their focus to Washington D.C., urging the House Committee on Ways and Means to take decisive action. The push is for the advancement of significant legislation that would expand the use of Private Activity Bonds (PABs) to bolster affordable housing
In a significant development within Utah’s educational landscape, a state judge recently nullified a proposed constitutional amendment slated for the November 5 ballot. This amendment, identified as Amendment A, aimed to alter the way excess income tax revenue is allocated, potentially enabling the state to flexibly distribute funds beyond the confines of K-12 public education.