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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More than half of the 163 bills introduced in state legislatures across the country propose one-time funding for transportation projects using bonds, excess COVID relief or budget surpluses.
March 6 -
The legislation would allow the New Mexico Finance Authority to issue revenue bonds for transportation and broadband projects.
March 3 -
A total of 26 Republican-led states have sued over the new retirement investing rule, saying it would diminish their tax revenue and hurt states that have a significant fossil fuel industry presence.
March 2 -
His experience overseeing major infrastructure projects at public transportation agencies prepares him for the FAA job, Washington told senators.
March 2 -
As it tracks the spending of $4.6 trillion of pandemic funds, the GAO is also reviewing what some Republicans deem improper use of the funds by cities and states.
March 1 -
The fresh guidance seeks to end a debate over how to prioritize federal transportation funds that's dogged Biden administration officials for more than a year.
February 28 -
The idea for a national infrastructure bank has resurfaced in Congress, with advocates saying it will attract private equity and pension funds to fill a gap that federal money can't address.
February 24 -
The ruling striking down Rhode Island's tolling program constrains states' efforts to solve complex infrastructure problems, the state says.
February 22 -
Public power agencies argued that subsidies for Build America Bonds should be exempt from the federal budget sequestration process.
February 21 -
It's the latest in a series of so far unsuccessful bills that have targeted federal tax exemptions for debt-financed professional sports arenas.
February 17 -
The municipal bond market gets sucked further into the culture wars with Florida's latest plan to ban issuers from considering ESG factors when issuing debt.
February 16 -
The jump signals a big pipeline of projects on the horizon.
February 14 -
The scheduled expiration of the TCJA tax cuts "is the most significant factor pushing up tax revenues relative to income over the next 10 years," the CBO said.
February 13 -
An initial toll corridor would require $8.5 billion in upgrades, which would be financed by a new bond credit under a plan under consideration by Michigan lawmakers.
February 10 -
Translating bipartisan support for infrastructure funding into support for long-term financing is a key lobbying goal for the municipal bond market.
February 8 -
Recent federal legislation marks the largest investment in carbon management in the history of the U.S., which is already a global leader in the space.
February 7 -
The $10,000 state and local tax deduction cap is an important issue for high tax states like New York and California and investors who trade paper from those states.
February 2 -
The political uncertainty could eat into the number of "clean weeks" for issuance, said Citi's Vikram Rai.
February 2 -
Alex Chilton is the firm's new head of municipal securities. Zach Solomon and David Gallin are co-heads of public finance.
February 1 -
The $292 million federal grant comes from the Mega grant program for large, complex infrastructure projects, which had a "wildly competitive" first year, said Transportation Secretary Pete Buttigieg.
January 31
