The recent decision by S&P Global Ratings to alter Kansas’ rating outlook from positive to stable unveils a worrying narrative that signals impending challenges for the state’s financial landscape. While this isn’t the first time economic circumstances have tested Kansas, this revision is unprecedented, being notably influenced by unpredictable federal policies stemming from the Trump
Politics
As a pivotal moment for municipal bond advocates unfolds in Washington, D.C., the opportunity for urban and state officials to engage with lawmakers is crucial. Local leaders must not underestimate the potential impact of private activity bonds (PABs). The congressional corridors are alive with discussions as the House Ways and Means and Senate Finance Committees
As the initial excitement from the Biden administration’s infrastructure funding begins to dissipate, transit authorities are facing alarming bureaucratic realities that are not only complicating operations but also threatening essential services. The letters from U.S. Department of Transportation Secretary Sean Duffy signify the start of an unsettling era where public safety and fiscal responsibility are
Utah’s recent legislative session has unfolded a tapestry of fiscal developments, with Governor Spencer Cox at the helm, navigating through an ambitious $30.8 billion budget for fiscal year 2026 and a slew of bills designed to boost infrastructure and ignite economic growth. As someone who tends to lean towards center-right liberalism, I find myself cautiously
The Chicago Transit Authority (CTA) finds itself in a precarious position, grappling with severe financial instability that threatens not just its operational viability but also the very structure of mass transit in the city. Recent observations from Moody’s Ratings paint a grim picture: the CTA has a projected operating deficit of a staggering $550 million
In a significant pivot from recent trends, the U.S. Department of Transportation (DOT) is taking steps to return to a simplified method of funding infrastructure projects. Recent statements from U.S. Transportation Secretary Sean P. Duffy outline a commitment toward supporting conventional infrastructure initiatives and distancing the department from the more complex frameworks that have dominated
North Carolina’s education system stands at a critical juncture, as Governor Josh Stein has made a bold yet necessary proposal to address the dire needs of school infrastructure. During his recent State of the State address, Governor Stein advocated for selling $4 billion in bonds dedicated to school construction—an initiative that mirrors the urgent requirements
In the grand theater of American politics, a curious and alarming phenomenon unfolds. Federal representatives often become engrossed in performative acts—denouncing global crises and debating ideologies that feel more like a sideshow than a solution to pressing issues at home. As they strut and fret their hour upon the political stage, a grave issue lies
In a contentious political climate, where the rhythm of urban development is often dictated by financial maneuvering, it is no surprise that the attempt to underpin Austin’s light-rail project with bond financing has ignited a fiery debate. House Bill 3879, spearheaded by Republican State Representative Ellen Troxclair, seeks to impose restrictions on the use of
In a political landscape fraught with unpredictability, House Republicans are poised to promote a stopgap funding bill that aims to stave off a government shutdown, yet it stands as a glaring testimony to legislative inadequacy. With a looming Friday midnight deadline, this 99-page measure raises questions not only about the effectiveness of short-term solutions but