The state of U.S. infrastructure has deteriorated to alarming levels, achieving only a C grade from the American Society of Civil Engineers (ASCE). This low grade isn’t merely a reflection of physical assets but also speaks volumes about the inefficiencies and obsolescence embedded in our infrastructure frameworks. While the crisis is clear, the solution remains
Politics
The clash between the American Securities Association (ASA) and the Securities and Exchange Commission (SEC) is not just a legal skirmish; it’s a pivotal moment that could redefine the governance of the Municipal Securities Rulemaking Board (MSRB). The ASA has taken a bold stand, arguing that the MSRB’s structure is unconstitutional. This contention has the
The appointment of Jeff Poley as the interim director of the State and Local Government Finance Division in North Carolina signals a significant shift in the state’s approach to local finance and governance. State Treasurer Brad Briner’s choice reflects not just an attempt to fill a gap after Deputy Treasurer Debbie Tomasko’s recent departure, but
In a rare moment of optimism for America, the American Society of Civil Engineers (ASCE) has recently announced that the nation’s infrastructure has reached an unprecedented cumulative GPA of C. This marks a significant achievement, considering that infrastructure ratings have long lingered in the D range, a reflection of neglect and mismanagement. The chair of
The recent revision of Kansas’ credit outlook from positive to stable by S&P Global Ratings sends ripples of concern throughout the state’s economic landscape. This significant change is a reflection not only of local policy decisions but is also heavily influenced by the prevailing uncertainty surrounding federal policies, particularly under the unstable climate of Trump-era
At a time when the nation’s infrastructure is crumbling, community development faces unprecedented challenges, and economic recovery is still fragile, a robust and unfettered municipal bond market is essential. Municipal bonds, particularly private activity bonds (PABs), have been the lifeline for countless projects across the country—from airports to hospitals and schools. These instruments not only
As legislation from the Biden administration begins to wane, public transit systems across America are facing an increasingly complex landscape, fraught with regulatory challenges and mounting pressures. The recent communication from U.S. Transportation Secretary Sean Duffy is a clear indication that the federal government is shifting its focus from merely funding to enforcing rigorous safety
Utah lawmakers recently concluded their legislative session, unveiling a budget for fiscal year 2026 that has already sparked discussions across various sectors. With an overarching theme of fiscal responsibility, Governor Spencer Cox’s proposed budget amounts to a staggering $30.8 billion, signaling a proactive approach amidst a fiercely competitive economic landscape. However, the question remains: are
The Chicago Transit Authority (CTA) is experiencing troubling times, as evidenced by Moody’s recent decision to downgrade its outlook from stable to negative, while maintaining its A1 rating on the agency’s $1.9 billion in senior lien sales tax bonds. This development should raise alarm bells not only for those who depend on the CTA’s services
As the political landscape continues to shift, recent announcements from the U.S. Department of Transportation (DOT) mark a significant pivot in how infrastructure projects will be funded in the United States. The new direction, championed by Secretary Sean P. Duffy, heralds a departure from the past administration’s stringent environmental and social qualifiers for federal funding.