Scott Sowers

Public transit emerged as an $11 billion winner in the 2025 elections as voters in five states approved measures to pour money into the sector.

An uncertain financial future partially due to federal government downsizing is compounding with nearly $6 billion of unfunded capital needs that will require Washington D.C. to lean on asset management and its strong credit rating to overcome the challenges.

Municipal water agencies are appealing to the Environmental Protection Agency about a slowdown in the Water Infrastructure Finance and Innovation Act loan program which along with bond sales, funds improvements to water and sewer infrastructure.

As more states move towards resetting their Congressional districts questions arise over how redistricting will affect the balance of power and eventually tax policy.

The Virginia Governor's race could put Democrats in charge of all three branches in the Old Dominion, as Abigail Spanberger goes up against Winsome Earle-Sears who has floated tapping the state's rainy-day fund to prop up Medicaid.

The Trump administration has denied an appeal for $33.7 million in FEMA relief funds for flood damage incurred in western Maryland, which ends the possibility of aid for a state already reeling from job losses.

The government shutdown is wreaking more havoc as air traffic controllers will miss a paycheck this week and federal payments to states for housing bonds and Grant Anticipation Revenue Vehicle bonds may stop flowing.

Executing a successful bond issuance becomes simpler by combining long range planning, shorter-term timing and marshaling political support.

With the advance refunding of tax-exempt munis still off the table, issuers are using existing market conditions to shed Build America Bonds and realize debt service savings through tender offers.

Higher interest rates are keeping arbitrage on the playing field as issuers try to play by the rules and still come out ahead.