Colorado Governor Jared Polis recently announced a special legislative session for Aug. 26 in response to proposed ballot initiatives that could potentially impact public financing, education, and local government funding in the state. This move was made in an attempt to prevent the negative consequences of these initiatives and address the concerns raised by various
funding
On November 5th, Utah voters will be faced with a decision on whether to authorize $1.237 billion in general obligation debt for two major issuers. The Salt Lake City School District Board of Education has proposed a plan to seek $730 million in bonds for the rebuilding of two high schools, construction of an athletic
Tennessee’s decision to introduce “Choice Lanes” as a means to alleviate congestion on state highways marks a significant shift in the state’s approach to transportation infrastructure. The use of municipal bonds for this purpose represents a departure from Tennessee’s historical reliance on pay-as-you-go funding for road projects. With the recent passage of the Transportation Modernization
Dallas Fort Worth International Airport is gearing up to enter the municipal bond market with a $750 million deal, following an impressive rating upgrade from S&P Global Ratings. The upgrade from AA-minus to A-plus is a result of the airport’s robust enplanements, financial resiliency, and stable debt service coverage. This positive change in rating indicates
California Republican Rep. Mike Garcia recently introduced a bill that would cut federal funds for the state’s high-speed rail project. The project, which has been in development for 15 years, has failed to show any tangible results despite billions of dollars in taxpayer money being poured into it. The lack of progress on the high-speed
The news of Blink Fitness filing for Chapter 11 bankruptcy protection is a clear indication of the financial struggles faced by companies in the fitness industry post-pandemic. With the closure of gyms and fitness centers during lockdowns, many companies have been hit hard, leading to bankruptcy filings and restructurings. Blink Fitness, with over 100 centers
With the announcement of the major party tickets, voters are paying close attention to the personal finance policies proposed by the candidates. Vice President Kamala Harris has teamed up with Minnesota Gov. Tim Walz, while former President Donald Trump has selected Sen. JD Vance of Ohio as his running mate. Both pairs are engaging in
Despite Bitcoin (BTC) recovering from its recent low and institutional activity surging, analysts are optimistic about the future trajectory of the largest cryptocurrency. Analyst Michael Nadeau highlights several key reasons for this optimism, including the first major correction in the current cycle coming to an end. This has alleviated selling pressure as many of the
Tim Walz, the governor of Minnesota, has been at the forefront of proposing major investments in the state’s infrastructure. His $3.3 billion bonding bill, which aimed to address various infrastructure needs, was considered to be the largest in the state’s history. Additionally, earlier in the year, he proposed a $1 billion infrastructure package, showcasing his
Delta Air Lines recently reported that the CrowdStrike outage in the previous month resulted in a financial loss of approximately $550 million. The airline stated that this cost includes a $380 million revenue decline in the current quarter due to refunding customers for cancelled flights and providing compensation in cash and SkyMiles. Additionally, Delta incurred