The recent trends in public-private partnership (P3) activity in the United States have been unsettling, with a noticeable decline in such partnerships last year. Despite this setback, the longtime trajectory of a growing number of P3s remains intact, indicating a promising future with a robust project pipeline and infrastructure funds seeking investment opportunities. The southeastern
Politics
After a prolonged back-and-forth, the state of Virginia has finally reached a resolution on its budget approval process. The two-year, $188 billion budget was officially approved after a special session in the General Assembly, with the House of Delegates voting 94-6 and the Senate voting 39-1 in favor of the measure. This approval was made
Virginia Beach recently entered the municipal bond market to secure funding for a surf park development project supported by Pharrell Williams. The Virginia Beach Development Authority successfully priced approximately $189 million in debt, with the bond proceeds going towards the construction of various facilities for the Atlantic Park project. This includes a 3,500-person entertainment venue,
After a lengthy period of negotiations and multiple short-term extensions, the House passed a bipartisan $105 billion Federal Aviation Administration (FAA) bill. The approval came just in time, as the agency‘s spending was set to run out two days later. This bill, with a 387-26 vote, includes a substantial increase in the Airport Improvement Program
The House Committee on Transportation and Infrastructure is facing uncertainty regarding how much the federal government can contribute to the reconstruction of the Francis Scott Key Bridge, originally financed by bonds. Following the collapse of the bridge, President Biden expressed his intention for the federal government to cover the entire cost of the reconstruction. This
The Colorado Legislature has concluded its session with accomplishments that lawmakers have deemed “nothing short of transformational.” Governor Jared Polis praised the magnitude of achievements made during this session, emphasizing that it has been the most significant since he took office in 2019. The session included the passing of a fiscal 2025 budget, school funding
The Municipal Securities Rulemaking Board (MSRB) has recently sought approval from the Securities and Exchange Commission (SEC) to amend Rule G-27 on supervision to adapt to the remote work environment that has become increasingly prevalent in the financial industry. This move comes as a response to the shifting landscape that dealers have been navigating for
The recent battle over the new budget in the Virginia General Assembly saw clashes between the state’s Republican governor and the Democratically controlled legislature over various issues, including environmental concerns, school funding, and pay-fors. Governor Glenn Youngkin and the legislature have been at odds over key aspects of the budget, such as the state’s participation
The relationship between student loan forgiveness and homeownership is becoming more prevalent in the United States. While federal initiatives are attracting attention, some states and municipalities are taking a unique approach by linking bond-financed mortgage programs to student loan forgiveness. These programs aim to facilitate home ownership for individuals burdened by student loan debt. Maryland’s
United Airlines Holdings Inc. and American Airlines Group Inc. have finally come to an agreement regarding the $8.5 billion revamp of Chicago’s O’Hare International Airport. However, this agreement comes after months of disputes over escalating costs for the project. Although the parties involved have stated that they have found a solution to prevent further delays