The Municipal Securities Rulemaking Board (MSRB) is gearing up for its second quarterly meeting of the 2025 fiscal year, scheduled for January 29 and 30. This meeting comes at a pivotal moment, as the board aims to address several pressing issues, including the simplification of processes related to new issue disclosures and the evolving responsibilities
Politics
In a surprising turn of events, Nevada Governor Joe Lombardo has removed his budget chief just days before the commencement of the legislative session on February 3. This timing raises eyebrows, given that lawmakers are poised to evaluate Lombardo’s budget proposal, which has already drawn criticism for creating a significant budget deficit. The decision to
The Republican-controlled Texas Legislature has recently unveiled ambitious budget proposals that reflect both expansive tax relief initiatives and essential funding for education. These budget plans are crafted amidst a backdrop of significant fiscal surplus, yet they raise questions about sustainability and prioritization in Texas’ financial landscape. Lawmakers are working with a remarkable cash balance of
The inauguration of President Trump marked a significant pivot for policy-making in the United States, particularly regarding infrastructure development. On his first day in office, the President issued a series of Executive Orders, one of which notably aimed at pausing federal grants directed at local transportation infrastructure projects. This action ignited a wave of indignation
Louisiana has recently embarked on a significant journey to revamp its taxation system in response to a daunting forecast of a $587 million budget deficit for the coming fiscal year. With input from prominent financial agencies like Fitch Ratings, Moody’s, and S&P Global Ratings, it is crucial to dissect the implications and potential outcomes of
The United States is experiencing a significant housing crisis accentuated by rising prices, stagnant wages, and increasing demand for affordable housing. As the nation grapples with these daunting challenges, the spotlight is firmly on government policies and initiatives that could drive substantial change. The Trump administration has begun outlining its strategies, focusing on the issuance
The landscape of public finance is facing unprecedented scrutiny as the House Ways and Means Committee ponders sweeping changes that may include the elimination of tax-exempt bonds. Recently acquired documents from The Bond Buyer detailing the committee’s wish list for an upcoming reconciliation bill have sent shockwaves through the municipal bond market. This report not
In the face of significant economic challenges and political scrutiny, New York City Mayor Eric Adams has unveiled a $114.5 billion budget for the upcoming fiscal year, beginning July 1. This budget stands out not only for its substantial size but also for its strategic reallocation of resources to bolster social services amid changing demographics
The House Ways and Means Committee has initiated a critical discussion that will shape the fiscal landscape during the 119th Congress, with the spotlight firmly on the Tax Cuts and Jobs Act (TCJA). Substantial economic implications arise from the debate, particularly concerning the delicate balance between national debt and economic growth. Stakeholders, especially those within
In Arizona, the town council of Gilbert is facing legal scrutiny over tax increments designed to support significant infrastructure enhancements. The Goldwater Institute has filed a lawsuit claiming that these tax increases violate the Arizona Constitution. The suit, initiated in late October within Maricopa County Superior Court, reflects a broader concern regarding local government practices