The Municipal Securities Rulemaking Board (MSRB) is poised to address significant regulatory matters during its forthcoming board meeting scheduled for January 29 and 30, 2024. This session is particularly noteworthy as it reflects the evolving dynamics of the municipal securities landscape and the necessity for adapting regulatory frameworks in accordance with these changes. One focal
Politics
In an unexpected move just days before Nevada’s legislative session commenced on February 3, Governor Joe Lombardo took the decisive step of replacing his budget chief. Lombardo, a Republican who has been navigating the intricacies of governance since his election in 2022, appointed Tiffany Greenameyer as the new director of the Governor’s Office of Finance,
The Texas Legislature is poised for a pivotal year as budget discussions unfold, with both the House and Senate recently revealing their proposals for the upcoming biennium. The state’s robust financial position, marked by a substantial $39.4 billion cash balance, forms the backdrop against which lawmakers are advancing their strategies for fiscal prudence and taxpayer
The onset of President Trump’s administration was marked by a series of Executive Orders that aimed to reshape various aspects of federal policy. Among these was a controversial order targeting federal grants intended for local transportation infrastructure projects. This action ignited significant unease among House Democrats, particularly those on the Transportation and Infrastructure Committee, who
The state of Louisiana has recently undertaken significant tax reform measures aimed at addressing a projected budget deficit, a move closely watched by rating agencies like Fitch Ratings, Moody’s Ratings, and S&P Global Ratings. The intention behind these reforms is clear: to bridge an anticipated fiscal gap of approximately $587 million, thereby stabilizing the state’s
In recent times, the housing crisis has emerged as a pressing issue for many Americans, with escalating prices isolating low- and middle-income families from homeownership opportunities. As the country navigates its economic landscape, it is crucial to recognize the interconnected nature of housing with broader economic health. The recent developments from governmental leadership highlight a
The municipal bond market stands on the precipice of significant change as the House Ways and Means Committee engages in discussions that could lead to the elimination of tax-exempt bonds. This potential shift comes in response to a broader examination of policies aimed at financing an expansive tax extension plan, prompting concern among stakeholders in
New York City Mayor Eric Adams recently announced a proposed budget of $114.5 billion for the upcoming fiscal year, commencing on July 1. This budget is notable not only for its size—surpassing the previous year’s budget by more than $2.5 billion—but also for the allocation of substantial funds towards enhancing social services. This marks a
The 119th Congress has ignited a pivotal conversation centered around the future of the Tax Cuts and Jobs Act (TCJA). This debate encapsulates a dichotomy: on one side lies the pressing issue of national debt, while on the other, the promising potential for economic growth. This conversation carries significant weight for stakeholders in municipal finance,
In a significant development for the residents of Gilbert, Arizona, a lawsuit has surfaced, questioning the legality of recent tax increases by the town council aimed at funding essential infrastructure. Filed by the Goldwater Institute, the case has brought to light the complexities surrounding municipal taxing powers and the implications for taxpayers in a growing