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The Pennsylvania government is still kicking the can down the road on public transit funding. This time, it's using capital funds to plug operating gaps. 

A bill to provide state credit support for housing finance and another to create an infrastructure bank were placed in the legislature's suspense file.

Advocates have floated similar measures repeatedly over the course of several administrations with no luck.

The college's most recent annual comprehensive financial report is for the fiscal year ending June 30, 2023, and S&P is concerned by the lack of timely reporting.

The administration wants the project "to be a model of how to build quickly and cost effectively," Transportation Secretary Sean Duffy said.

Doña Ana County taxable industrial revenue bonds, which will be sold to participants in the project, will enable the project to access a variety of tax breaks.

The state government is holding back school aid while it waits for lawmakers to pass a budget. That's hurting some schools more than others. 

"A lawsuit like this is probably critical for any future settlements or agreements, because it will (maybe) determine up front if the incoming [board] members, and thus whatever agreements they sign, are valid or not," said Matt Fabian, a partner at Municipal Market Analytics.

Munis have outperformed USTs and corporates by more than 1.0% month-to-date on the heels of this rally so far, BofA strategists said.

Minnesota school districts face a financial crunch as the end of pandemic relief funds coincides with rising expenses, lower enrollment and labor pressures.