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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A federal memo on IIJA dollars outlines Biden administration priorities but doesn’t tie states’ hands when it comes to funding, the transportation secretary said.
March 2 -
The president touted the benefits of last year's Bipartisan Infrastructure Law and American Rescue Plan Act during his first State of the Union address.
March 2 -
States have appropriated 72% of the ARPA funds they have received so far and many state legislatures are developing plans to spend the rest.
March 1 -
“I want to break ground next year,” Kentucky Gov. Andy Beshear said.
March 1 -
Oklahoma joins Texas, Arkansas and Louisiana in allowing utilities to float securitized bonds to recover spending on fuel price spikes during Winter Storm Uri.
February 28 -
A judge has ordered the state to reconsider its rejection of a bid for a $9 billion P3 for new toll lanes, a move that could delay Gov. Larry Hogan’s priority project.
February 24 -
The proposal would offset all gas tax losses to the Highway Trust Fund but would still hasten its insolvency.
February 22 -
Much of the new infrastructure funding can't flow to states until a full FY22 bill is enacted.
February 18 -
High material costs and labor shortages are expected to persist through 2022 just as states and localities are planning how to spend the Infrastructure Investment and Jobs Act money.
February 18 -
Tax-exempt advance refundings are unlikely to be included in a FY22 budget, but two bills that would restore the popular tool remain alive.
February 16 -
“It’s important for the economy and the entirety of the American Rescue Plan that we see each county doing what it can for workers," Biden Senior Advisor Gene Sperling told the National Association of Counties.
February 15 -
Texas Sen. John Cornyn urged counties to continue to lobby for a bill that would allow ARPA funds to be used for transportation infrastructure and disaster relief.
February 14 -
The feds said they expect states to partner with private entities to develop and operate the electric vehicle charging networks.
February 10 -
It's the latest salvo in a growing controversy over the Federal Highway Administration's December memo discouraging states from building new highway capacity.
February 9 -
Many Infrastructure Investment and Jobs Act funds can't flow without a FY22 budget
February 8 -
Last week saw the first co-op securitization to finance storm costs, a $908 million deal that could set a national model for utilities.
February 7 -
Restricting the use of IIJA funds for new highway capacity "flies in the face" of Congressional intent, said Sen. Mitt Romney.
February 3 -
Tax revenue declines and urban sprawl are among the possible unintended consequences of the rise in automated vehicles.
February 2 -
Public-private partnerships can play a big role in U.S. transportation over the next decade, DOT Secretary Pete Buttigieg told governors.
January 31 -
"We're going to fix them all," President Biden said of the 45,000 bridges across the U.S. he said need repairs.
January 28
