As the political landscape evolves with new administrations at the helm, the Internal Revenue Service (IRS) budget becomes a focal point of debate. Legislative disputes over the IRS’s financial resources could profoundly impact the frequency and thoroughness of audits on municipal bond issuers. Notably, as indicated by industry experts, this complex interplay between IRS funding
Politics
In a recent set of referendums across the Southeast region of the United States, three out of five major bond proposals received voter approval, shaping the future of community development in cities like Nashville, Charlotte, and Fairfax County. These decisions are indicative of broader trends in local governance and community investment, highlighting the varying priorities
The Oklahoma Turnpike Authority (OTA) has recently found itself in the spotlight with the announcement of its decision to issue a staggering $1 billion in revenue bonds. The financing is aimed at furthering the contentious ACCESS Oklahoma expansion program, which has seen its estimated costs skyrocket from an initial $5 billion to an eye-watering $8.2
As the political landscape of the United States undergoes significant transformations, the repercussions for various sectors, particularly the municipal bond market, become a crucial point of discussion. Recent electoral outcomes with former President Donald Trump’s resurgence and Republicans regaining a majority in the Senate pose intricate challenges and opportunities that reverberate through the financial sphere.
In the wake of rapid population growth and soaring property values across various regions of the United States, property tax bills have climbed considerably, igniting unrest among taxpayers. The consequences of this trend not only threaten individual households but also risk destabilizing the foundational structures of public finance. As Jared Walczak of the Tax Foundation
The impending federal elections this Tuesday are set to play a pivotal role in shaping various key Congressional committees, which will significantly influence tax policy and surface transportation initiatives in the coming years. With a total of 34 Senate seats up for grabs, and a mere four additional seats needed for Democrats to reclaim a
The municipal bond market, comprising an impressive $4 trillion, has long operated within a framework of self-regulation that, according to some investors and market experts, lacks sufficient transparency and rigor. Recent articles by David Dubrow and Kent Hiteshew spark a contentious debate about the need for federal intervention, specifically through the Securities and Exchange Commission
Natural disasters, particularly hurricanes, pose a grave financial concern for regions that are repeatedly affected. The recent assessment of Hurricane Milton’s damage reveals that Florida is bracing for a significant economic impact — one that exceeds the previous estimates associated with Hurricane Helene. With this context in mind, it is crucial to understand the broader
The recent announcement by the Department of Transportation (DOT) regarding a significant $2.4 billion allocation for 122 rail projects across 41 states and the District of Columbia highlights a crucial commitment to improving America’s rail infrastructure. This funding comes as part of the Bipartisan Infrastructure Law and aims to create jobs, lower consumer costs, and
As the upcoming election approaches, voters across the United States will face a pivotal decision involving over 300 transportation-related measures on ballots at both state and local levels, collectively valued at more than $70 billion. This unprecedented array of funding propositions offers a unique opportunity for citizens to influence the future of their transportation infrastructure,