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
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’
As tax season is currently in full swing, the municipal bond market is experiencing some underperformance and pressure from investors looking to liquidate short-term paper to meet their tax obligations. The muni market has seen negative returns of 0.06% for the month, while U.S. Treasuries are up by 0.63% and corporates have gained 1.18%. According
In March, there was an increase in rent prices for both one- and two-bedroom apartments across the U.S. This marked the first time in six months that prices had risen. The average monthly cost for a one-bedroom apartment went up to $1,487, reflecting a 0.3% increase from the previous month. Similarly, the typical price for
The municipal bonds market saw a mixed performance on Wednesday, with noticeable selling pressure on the short end. The primary market lacked significant deals, and investors were still digesting the balances from the previous day’s large new issuances. Despite this, munis managed to hold on quite well, with yields staying within a tight range. It
The world of public finance has traditionally been dominated by men, but there are signs of progress. More women are starting to break through the proverbial glass ceiling and take on leadership roles in the industry. One such trailblazer is Samantha Costanzo, who recently became the head of public finance at Huntington National Bank. She
The spring housing market is typically a bustling time for the real estate industry, but recent data from the Mortgage Bankers Association shows that mortgage demand is stagnant. Application volume only saw a slight decrease of 0.7% compared to the previous week. This lack of movement in mortgage applications could be indicative of a larger
Federal prosecutors have taken legal action to seize two upscale New York City apartments valued at $14 million, which are believed to have been purchased using funds obtained through a corrupt scheme linked to Mongolia’s prominent copper mine. The lawsuit, filed in U.S. District Court in Brooklyn, exposes a series of alleged illicit transactions totaling
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