Governor Josh Green of Hawaii has recently provided an update on the progress being made towards reducing recovery costs following the devastating Lahaina wildfires. One of the key strategies being implemented is to transition people who have been displaced by the fires out of temporary hotel accommodations and into permanent housing. This move is aimed
Politics
The proposed $2 billion public-private partnership that aimed to relocate two major league sports teams from Washington D.C. to Northern Virginia has been officially called off. Instead, D.C. Mayor Muriel Bowser, in collaboration with Ted Leonsis, owner of the Washington Wizards and Washington Capitals, announced plans for a significant $515 million investment in the teams’
The City Controller, Chris Hollins, recently stated that while Houston can manage the cost of a proposed settlement with its firefighters in the short term, there is a pressing need for a revenue boost to prevent a growing structural budget deficit. Hollins highlighted the importance of assessing the city’s financial capacity to cover the debt
Recently, Utah Governor Spencer Cox signed several measures into law that could have a significant impact on the state’s economy. One of these measures involves the financing of stadiums and a cap on local lease revenue bonds. The legislature passed a $29.4 billion budget for the upcoming fiscal year, along with numerous bills that were
The recently passed $1.2 trillion spending bill by the U.S. Senate and signed by President Biden did not directly address the key legislative issues affecting the municipal bond market. However, there are flickers of hope for potential reforms in the coming months leading up to the November elections. Initiatives such as reforming rules on Low
Federal Reserve Gov. Lisa Cook recently emphasized the necessity for a cautious approach when it comes to cutting interest rates in the United States. According to Cook, it is essential to allow more time for inflation to slow down in certain sectors of the economy before taking further action. This cautious stance was reinforced by