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.
-
On the policy front, the budget would allow large urban transit agencies to use federal capital grants for operating costs and gives states more private activity bond volume flexibility for housing.
March 9 -
After a brisk 2021 that saw a record number of P3 deals reach financial close, last year slowed to only 16 closings, according to Husch Blackwell's sixth annual P3 trends report.
March 8 -
A U.S. default would trigger a cascade of downgrades, including of municipalities, Moody's Analytics says.
March 8 -
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
