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 muni market is watching the fiscal 2023 defense bill closely to see if a final version requires issuers to overhaul their financial disclosure practices.
September 21 -
Municipal market participants are gaming out post-election scenarios that pose opportunities and risks for budgets and portfolios.
September 19 -
Opponents say the legislation could prompt issuers to drop out of the public bond market while supporters say investors and regulators deserve standardized financials.
September 16 -
The program received more than 250 applications for $26.5 billion worth of projects across the country.
September 15 -
The Skyway sale "proves that sophisticated global investors who can buy assets anywhere view Chicago as a great place to invest," said a spokesperson for Mayor Lori Lightfoot.
September 13 -
The Inflation Reduction Act gives $30 billion worth of tax credits to existing U.S. nuclear facilities , but it remains to be seen how much the subsidies move the long-term credit needle.
September 9 -
A national conference is planned for the spring to bring together states, utilities and the private entities that will own and operate the national EV charging station system.
September 8 -
The short-term funding bill would avoid a government shutdown ahead of midterm elections.
September 6 -
Nearly all construction firms have job openings, and more than half said they're seeing projects being scaled back, postponed or canceled.
September 2 -
The MBTA's capital program, which relies on nearly $600 million in annual borrowing, has doubled since 2018.
September 1 -
Modeled after New York City's Hudson Yards, the plans call for a high-density urban district with a transit terminal and at least 35% affordable housing.
August 31 -
Fitch said it expects the law will spur more public power borrowing for clean energy facilities.
August 30 -
The state's Board of Public Works could vote on the 50-year concession this fall as Gov. Larry Hogan aims to button up the project before he exits office in January.
August 26 -
Climate science data that guides where and what to build will be key to effective use of new federal dollars.
August 26 -
The Inflation Reduction Act's changes are significant enough that they will be featured in the banner at the top of the offering statement.
August 24 -
It's the latest setback for Gov. Larry Hogan's signature project, which he wants locked down before he exits office in January.
August 23 -
Public agencies are often "clients of last resort" for contractors, especially when construction costs are high.
August 19 -
The 15% corporate minimum tax may hurt the muni market the most during outflow cycles by cramping demand and leading to higher borrowing costs for states and cities.
August 17 -
William Glasgall of the Volcker Alliance dives deep into factors affecting state and local budgets. He looks at what the Inflation Reduction Act means, how states are using stimulus money and economic effects of work from home. Caitlin Devitt hosts. (31 minutes)
August 16 -
Inflation and material shortages are accelerating the P3 trend of bringing in a private team before price is finalized, which could expose investors to cost-escalation risk.
August 15
