Caitlin Devitt has covered the municipal bond market since 2008. She began her journalism career at the Herald Newspapers on the South Side of Chicago, starting as a reporter and rising to Managing Editor. While at The Bond Buyer, she covered the Detroit bankruptcy among other Midwest-based stories. Devitt joined Debtwire Municipals in 2016, where she covered the high-yield municipal bond market for five years, before returning to the Bond Buyer as Senior Infrastructure Reporter. She lives in Chicago with her family.
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The state does not have the bonding capacity to independently rebuild the American Legion Bridge, the feds say. The state continues to hope for a federal grant to help cover the cost.
April 10 -
Financial mismanagement and apparent revenue diversion led to events of default for centers owned by and financed through the PFA, the bond trustee said.
April 9 -
"We need private capital," the transportation secretary said.
April 8 -
The city and United Airlines are navigating geopolitical volatility looking for an opportunity to sell the debt.
April 7 -
The state's latest water plan outlines $174 billion of capital water needs over the next 50 years. "The era of cheaper water is over," said one state water official.
April 7 -
The current 18,000-seat facility cost $87.7 million, and the city covered the cost with cash from its penny sales tax.
April 6 -
Texas is set to become the world's largest data center market by 2030, according to JLL.
April 1 -
Despite declining enrollment, Texas school district paper remains popular among investors because of the AAA-rated Texas Permanent School Fund pledge.
April 1 -
Capital needs and state actions were on the minds of two top local government officials at The Bond Buyer's Public Finance Conference in Austin.
March 31 -
Some states and local governments "went on spending sprees" with pandemic funds and "got ratings upgrades that didn't have a lot to do with fiscal management," said an investor.
March 20 -
"Everyone that is in this industry relies on our technology," CEO Mark Kim said Thursday at a BDA conference in Chicago.
March 20 -
There is a lot of money out there, and investors seem comfortable putting it to work.
March 18 -
The commission will oversee procurement after a previous bid faced litigation and allegations of conflicts of interest.
March 16 -
Allowing tax-exempt bonds to remain outstanding during a long-term concession would lower financing costs, advocates say.
March 13 -
The market is navigating volatility driven by geopolitical issues, which has led to trouble for certain deals.
March 13 -
The state says the $6.5 billion project is not possible without toll revenue.
March 11 -
The hires come a month after Barnes announced it had hired nearly all of Ballard Spahr's top-ranked public finance team.
March 11 -
The rules could lengthen the procurement timeline for some projects.
March 10 -
Brightline asked S&P to withdraw its rating after the latest downgrade.
March 6 -
Jeffrey Puzzullo is the fourth person to plead guilty in the now-notorious Legacy Cares case.
March 6
