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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Getting project grant agreements in place, which formally releases the federal funds, is taking more time than expected.
June 28 -
The Brent Spence Bridge and Hudson Tunnel were among last year's winners of the sought-after federal Mega grants.
June 27 -
The Republican ESG bill calls for studies on key muni market issues, including bans on soliciting business, ESG disclosure and investment decisions by underfunded state and local pension plans.
June 26 -
New or increased fees on electric vehicles are the second-most popular category among transportation state legislation so far this year, per ARTBA.
June 20 -
The Illinois case is part of several state-level lawsuits brought by Minnesota-based municipal advisor Johan Rosenberg, accusing banks of conspiring to set the interest rates of state-issued VRDOs artificially high.
June 16 -
States and local governments should prepare for fewer federal funds, higher borrowing costs and market volatility as a result of turmoil in Washington.
June 15 -
The controversial idea has taken on more urgency as transit agencies nationally struggle with low ridership.
June 15 -
The section of I-95 that collapsed was part of a recent $212 million reconstruction.
June 12 -
Some Democrats objected to the lack of hearing on the bill, which cements Aviation Trust Fund taxes for the next five years.
June 8 -
The website highlighting newly launched public and private projects comes ahead of the administration's second "Investing in America" tour in July.
June 7 -
"It's a quiet revolution," said Reason Foundation's Robert Poole.
June 6 -
The legislation would boost the size limitation of industrial revenue bonds and expand the uses of proceeds.
June 5 -
The debt ceiling bill promises relief for jittery municipal market participants.
June 2 -
The long-awaited court decision sided with Idaho landowners by narrowing the EPA's definition of waters of the United States.
May 30 -
The $350 billion of flexible relief funding sent directly to cities, towns and states under the American Rescue Plan Act will remain untouched under the new debt deal.
May 30 -
The New Mexico treasurer recently sent an alert to local governments warning that some are bypassing state banking rules on public deposits.
May 26 -
A downgrade would reverberate throughout the municipal bond market.
May 25 -
New York City is keeping a wary eye on Congress as it considers whether to pause a refunding deal set for next week.
May 24 -
The new law's uncertain impact on cities and states has been a hot topic at the GFOA's annual conference this week.
May 23 -
When it comes to federal funds flowing to cities and states, top issues to watch are a potential claw back of stimulus aid, fresh infrastructure fund opportunities and guidance on first-of-its-kind tax credits.
May 22
