Caitlin Devitt

"When the rating agencies developed and rolled out their ESG scores, they said their ESG scores would not impact an issuer's credit rating. We are holding them to their word," said Ben Watkins, director of the state Division of Bond Finance.

Ambiguous language in the legislation is one of a handful of reasons why issuers have not taken advantage of the new financing tool.

Questions arise over the condition of rail infrastructure and how it should influence credit and buy side analysis of local governments that host rail lines.

The administration gave priority to large bridge projects that are ready to proceed with construction.

Incoming Gov. Wes Moore's political support for Hogan's signature project is uncertain.

Massachusetts looks to a millionaire's tax for transportation and a measure in tourist-heavy Orange County, Florida would double local transit funding.

South Dakota’s Sanford Health is bringing $176 million of A-plus rated hospital bonds to market this week in a deal that will mark the final financing of the system’s largest construction project to date.

Michigan Gov. Rick Snyder has doubts about the need for a bill that would attach a statutory lien and trust to local unlimited-tax general obligation bonds.

The former chief of Chicago Public Schools was indicated Thursday on charges tied to no-bid contracts worth $23 million.

Kroll has weighed in on Chicago’s 2016 budget, praising the spending plan for a key property tax increase but warning of unresolved challenges and one-shot revenue boosts.