Scott Sowers

The Internal Revenue Service has been erroneously sending out notices to tax exempt bond holders informing them about incorrect signatures on their Form 8038s.

Washington D.C. Mayor Muriel Bowser submitted her balanced 2026 budget to City Council that includes a double down move on building an NFL football stadium while cutting city programs and putting a freeze on hiring.

Maryland is preparing for upcoming bond sales as the state treasurer responds to a Moody's downgrade by suggesting the state part ways with the rating agency.

The Internal Revenue Service is requesting documents from the Erie City Water Authority regarding a $36,320,000 issuance of Water Revenue Bonds Series D of 2019.

As the budget reconciliation lurches through Congress towards a vote, the cap on state and local taxes remains a key bargaining chip while data shows state tax revenue declining and an uncertain future for the pass-through-entity workarounds adopted by more than 30 states.

"We have got to keep the money coming in to transit," said Sen. Elizabeth Warren D- Mass.

As the Trump administration puts its stamp on dispensing infrastructure funding, proponents of P3's, PABs, federal and formula funding are squaring off against grants to state and local governments.

Moody's downgrading of Maryland's credit rating is resulting in finger pointing among state lawmakers, questions about spending levels, and concerns about the state's spotless record.

Flight delays and safety concerns at Newark Airport has pushed FAA funding levels back into the headlines as the idea of issuing user fee supported bonds to provide a non-political revenue stream comes back to life.

Public power energy providers are moving forward with using elective pay to boost investment in nuclear energy while electrifying small town and rural areas.

The Commercial Metals Company and the West Virginia Economic Development Authority took a chance by coming to market with a tax-exempt $150 million junk-rated private activity bond sale financing a scrap metal steel mill during uncertain times for the construction industry.

The U.S. Department of Transportation rolls out $3.2 billion via 329 infrastructure grants that will fund more than 3,200 projects that the agency contends were tangled up in red tape and DEI requirements.

Despite a downgrade by Moody's Ratings in April, Washington, D.C., went to market early and emerged with an oversubscribed revenue and refunding bond issuance of nearly $1.5 billion.

As cutting the federal budget resonates as a central theme in the Trump administration, the Department of Transportation is getting a boost in appropriation proposals.

Falling financial dominoes started by a continuing resolution passed by Congress is leading to budget delays and the threat of a lawsuit by City Council as Washington prepares for a nearly $1.5 billion bond issuance.

Attracting more private investment to the affordable housing sector is becoming more urgent with the reintroduction of a bill in the Senate that could spur the use of private activity bonds.

The mayor of Washington and the managing partner of the Washington Commanders laid out a plan for bringing a $3.7 billion stadium to the city via a mixed use development financed by a combination of private and public money.

S&P revised the outlook for the Maryland Transportation Authority's outstanding revenue bonds to negative from stable due to the timing of the federal funding needed to rebuild the Francis Scott Key Bridge that was damaged by a cargo freighter in March 2024.

Tariffs imposed by the Trump administration are already affecting port operations as Moody's has revised the U.S. ports sector to a negative outlook reflecting an expected 7%-12% decline in volume.

Muni advocates resist some of the arguments for eliminating the tax-exempt status of municipal bonds espoused in a new book by infamous Wall Street whistleblower Michael Lissack.