The American Public Transportation Association (APTA) is urgently advocating for Congress to allocate a minimum of $57.5 million in emergency appropriations to the Federal Transit Administration’s Public Transportation Emergency Relief program. This funding is aimed at helping transit agencies recover from the devastation caused by hurricanes Helene and Milton. As climate change leads to an
Politics
The nomination of Scott Bessent as the future U.S. Treasury Secretary under President-elect Trump marks a pivotal moment for economic policy in the United States, especially concerning municipal bonds. Leaders in the municipal market are optimistic about Bessent’s expertise and experience, viewing them as crucial assets in navigating the complexities of tax policy affecting municipalities.
As climate change intensifies, municipalities across the United States are confronted with an urgent need to fortify their infrastructure against increasingly severe weather events. The expectation is that the municipal bond market will see significant growth over the next decade as states seek to fund climate-related projects. A recent Pew report elucidates this trend by
As the political landscape shifts in Washington, the debate surrounding tax policy remains a contentious issue, particularly with the impending transition of power within Congress. One prominent figure in this dialogue is Senator Elizabeth Warren of Massachusetts, who recently dismissed the Tax Cuts and Jobs Act (TCJA) of 2017 as a “scam of giant proportions.”
The ongoing negotiations between the Pinellas County Commission in Florida and the Tampa Bay Rays, a Major League Baseball team, have recently entered a contentious phase, marked by increased tensions and diverging interests. Certain factors, such as financial impetus, community expectations, and post-hurricane recovery efforts, complicate the potential for a new stadium and threaten the
In a significant move for U.S. transportation policy, President-elect Donald Trump has proposed Sean Duffy, a former Congressman and current Fox News host, for the role of Secretary of the U.S. Department of Transportation (DOT). Trump’s announcement, made through his Truth Social platform, highlights Duffy’s extensive experience in Congress and his commitment to enhancing the
On the third anniversary of the Infrastructure Investment and Jobs Act (IIJA), the Biden administration made a significant announcement: a fresh allocation of $3.4 billion in grants aimed at advancing national infrastructure initiatives. This announcement, made by Transportation Secretary Pete Buttigieg, underscores the administration’s commitment to utilize the funds effectively within the remaining months of
The recent vote by the Chicago City Council to reject Mayor Brandon Johnson’s proposed $300 million property tax increase highlights a critical moment in the city’s fiscal governance. This decision was taken without debate, signaling an urgent demand for fiscal responsibility amidst rising financial pressures. The council’s unanimous resistance came just days after Kroll Bond
The recent passage of Proposition U, aimed at enhancing public safety funding, has ushered in a pivotal moment for Dallas, with significant repercussions on the city’s financial outlook. The measure, which seeks to stabilize the city’s public safety personnel and ensure sufficient pension funding for police and firefighters, highlights the complex interplay between local governance,
Oklahoma County is currently navigating a multitude of challenges surrounding the urgent need for a new jail facility. The quest for a replacement stems from longstanding issues within the existing detention center, which has been criticized for its conditions and capacity to meet contemporary correctional needs. In light of increasing construction costs and crystallizing setbacks