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.
Politics
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.
The issue of affordable housing has surged to the forefront of political discourse, particularly amid an environment charged with public demand for actionable solutions. At the recent vice-presidential debate, Vice President Kamala Harris advocated for transit-oriented development (TOD) as a strategic solution to the pressing housing crisis in urban centers. This concept emphasizes the importance
As the aftermath of Hurricane Helene casts a long shadow across the southeastern United States, the urgent need for enhanced financial tools to support disaster recovery has become glaringly evident. With another storm, Hurricane Milton, looming over Florida, the Council of Development Finance Agencies (CDFA) is urging Congress to create disaster recovery bonds. This initiative
As November’s elections loom, the future of higher education in the United States hangs in the balance. The atmosphere on Capitol Hill has intensified, with educational institutions grappling not only with internal challenges but also with the unpredictability of federal legislative maneuvers. With tax reform expected to be on the agenda for the incoming administration
As the 2024 presidential election approaches, the landscape of tax policy in the United States is set for intense scrutiny and contentious debate. With Vice President Kamala Harris potentially at the forefront of the administration’s tax strategy if she wins, advocates for municipal finance (muni) find themselves preparing for a critical struggle. The Republican Coalition,
Cook County, Illinois, recently introduced a notable executive budget recommendation totaling $9.89 billion, aiming to navigate fiscal uncertainty without imposing new taxes or initiating layoffs. The budget proposal, unveiled by Cook County Board President Toni Preckwinkle, reflects an intricate balance of revenue management, projected expenditures, and strategic adjustments to cope with shifting economic landscapes. While
In a significant regulatory shift, the Biden administration has implemented the most stringent safe drinking water regulations in history, designed to eliminate lead contamination from drinking water sources across the United States. This initiative reflects an urgent response to ongoing public health concerns, particularly in regions plagued by aging infrastructures and harmful contaminants. The rule,