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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Brightline Florida's financial statements for 2024 and 2025 by Ernst & Young LLP, filed Thursday on the Electronic Municipal Market Access website, warn that the company lacks the cash to cover pending debt payments
May 1 -
The department has hit its $30 billion limit on transportation private activity bonds and there's a large pipeline of public-private partnerships across the country.
May 1 -
"We do good work," said Mike LaPierre, president of GPM Municipal Advisors, which acts as advisor and staff to the Public Finance Authority and the California Community Housing Agency.
April 30 -
"Really the only chance of high speed rail in the United States in the next decade is Brightline West," said Federal Railroad Administration head David Fink.
April 30 -
"It became clear our residence halls were a constraint and not an asset for our university," WKU president Timothy Caboni said.
April 29 -
The administration's effort to revitalize the maritime industry includes opportunities for public-private partnerships.
April 28 -
The Wall Street banks targeted in the rate-rigging lawsuit wanted the top court to overturn class certification.
April 24 -
The PFA owns nine bond-financed credits, ranging from proton cancer therapy centers to student housing. All but one are in default.
April 22 -
The risk of contagion to the rest of the high-yield market is limited, investors said.
April 21 -
Separately, the surface transportation bill could see a markup on April 29.
April 17 -
Pricing deals on Monday, alerting investors weeks ahead of pricing, and crafting SMA-friendly structures are some of the ways dealers are promoting their deals in a flood of supply.
April 17 -
The college's closure is the "tip of the higher ed iceberg," said a bond buyer.
April 15 -
As Congress crafts the next surface reauthorization bill, states want to retain control over the bulk of the formula highway funds.
April 13 -
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
