The Metropolitan Atlanta Rapid Transit Authority (MARTA) is poised to make headlines again as it embarks on a significant financial venture: the issuance of green bonds rated AAA. This strategic move not only aims to refinance previous bond issuances from 2020 and 2021 but also serves a dual purpose by funding substantial upgrades to MARTA’s
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The landscape of federal transportation funding in the United States is undergoing a significant transformation as the current administration seeks to align financial resources with its core values and policy objectives. A recent directive from the Department of Transportation (DOT) exemplifies this shift, as newly appointed Secretary Sean Duffy unveiled an order that prioritizes funding
In early January, the city of Los Angeles, typically quieter during the off-season for wildfires, found itself grappling with devastating blazes that threatened the homes and lives of thousands of residents. The Palisades and Eaton fires, fueled by unrelenting hurricane-force winds, rapidly consumed vast stretches of land and left destruction in their wake. Over 37,000
As Nevada prepares for its legislative session commencing on February 3, 2023, the appointment of a new budget chief by Governor Joe Lombardo has elicited scrutiny from various political factions. Lombardo, the state’s first Republican governor in a decade, has argued for a substantial budget of $12.7 billion. However, his proposal is marred by predictions
In a significant policy shift, the U.S. Securities and Exchange Commission (SEC) under the leadership of recently appointed officials has unveiled a task force dedicated to establishing a regulatory framework for cryptocurrency assets. This move marks the inaugural effort by President Donald Trump’s administration to reshape the landscape of digital currencies, which have been mired
The American housing landscape has long been fraught with challenges, from rising costs of homeownership to a dire shortage of affordable options. As the Trump administration readies a strategic approach to tackle these issues, the focus has intensified on expanding mortgage bonds and adjusting the parameters for Low-Income Housing Tax Credits (LIHTCs). Such movements indicate
The New York Metropolitan Transportation Authority (MTA) is set to embark on a new financial strategy, introducing bonds backed by its real estate transfer tax, often referred to as the “mansion tax.” This move marks a significant shift in how the MTA funds its capital projects, allowing access to funds in a volatile revenue environment,
The state of Maryland, despite its prestigious AAA credit rating, is grappling with a staggering $3 billion budget deficit. This fiscal shortfall stems from a combination of factors including sluggish economic growth, ballooning Medicaid expenditures, and the conclusion of various pandemic-relief programs. As the state grapples with its financial landscape, Governor Wes Moore has publicly
The Indiana Municipal Power Agency (IMPA) is poised to undertake a significant financial maneuver by issuing approximately $268.3 million in power supply system revenue bonds. Set to occur next week, this strategic move serves a dual purpose: refunding older bond series and financing essential new capital projects. The anticipated Series 2025A bonds are being marketed
The District of Columbia’s fiscal outlook has recently brightened, with an impressive revenue surge of $169.7 million reported by the city’s chief financial officer, Glen Lee. This boost, occurring in the backdrop of a recovering economy, can be attributed primarily to one-time litigation proceeds and adjustments associated with year-end accounting. While such a windfall may