The state of North Carolina is embarking on its most ambitious transportation project yet, as it seeks to combat the increasing congestion along the crucial I-77 corridor in Charlotte. This endeavor, valued at a staggering $3.7 billion, involves widening the highway to a total of ten lanes by integrating two express lanes in each direction
Politics
The Financial Data Transparency Act (FDTA), enacted in December 2022, is designed to overhaul the existing landscape of municipal securities disclosures by mandating a shift towards machine-readable data formats. This ambitious initiative is intended to enhance the transparency and accessibility of financial information across states and municipalities. However, the rollout of the FDTA has been
In a recent turn of events, Houston’s financial landscapes took center stage when Controller Chris Hollins hosted an investor conference that unfolded without the endorsement of key city officials. This absence was notably marked by Mayor John Whitmire’s allegations regarding “pay-to-play” dynamics stemming from corporate sponsorships associated with the conference. The tension between these two
Houston, Texas, the nation’s fourth-largest city, is confronted with a multitude of fiscal challenges exacerbated by recent natural disasters. As the city gears up for its fiscal 2025 budget, a combination of state aid and pressing economic realities is painting a bleak picture of Houston’s financial landscape. The city’s recovery from the catastrophic damages inflicted
As the ramifications of funding from the American Rescue Plan Act (ARPA) recede, municipalities across the United States are confronting an uncertain fiscal landscape. With the expiration of this federal support, cities are not only dealing with the fading impact of these funds but are also grappling with strategic budgeting decisions that will determine their
In recent developments surrounding Houston’s municipal governance, Mayor John Whitmire has publicly criticized City Controller Chris Hollins for soliciting sponsorships from municipal bond firms ahead of an investor conference. This controversial collaboration has raised eyebrows and echoes sentiments of ethical concerns, particularly given the significant financial contributions required for sponsorship. Prices for sponsorships reportedly range
In a move emblematic of modern governance strategies, Puerto Rico’s toll roads have transitioned into the realm of public-private partnership (P3) as a response to the territory’s financial distress and bankruptcy proceedings. This partnership, implemented by the Public Finance Authority of Wisconsin, marks a significant step in revitalizing Puerto Rico’s transportation infrastructure. By doing so,
In an era increasingly defined by the urgency of combating climate change, the Intermountain Power Agency (IPA) in Utah is embarking on a significant transition from traditional coal-fired energy to cleaner alternatives. This move is not just a matter of regulatory compliance or public sentiment; it is a pivotal step in ensuring sustainable energy for
Advocates for affordable housing are intensifying their efforts to push Congress’s House Committee on Ways and Means to advance essential legislation. Key measures being advocated include an expansion of Private Activity Bonds (PABs) aimed at bolstering initiatives focused on affordable housing. Colorado’s Emily Cadik, the CEO of the Affordable Housing Tax Credit Coalition (AHTC), recently
A recent ruling by a Utah judge has sparked discussions about the future of educational funding in the state. The decision voided Amendment A, a proposed constitutional amendment that was set to appear on the November 5 ballot. This amendment aimed to amend funding allocations, potentially diverting income tax revenues that are constitutionally reserved for