Infrastructure News from Bond Buyer

After selling $260 million of voter-approved bonds for the project, county officials are eyeing a sales tax ballot measure in 2026 to cover the higher cost.

The new debt is a "bridge loan" until the company can raise fresh financing, a bondholder said.

Bond issuers in the water sector are concerned about a reduction in WIFIA loan closings as some point to competition from municipal bonds as a cause for a decline in their popularity.

The bill was co-sponsored by Rep. John Garamendi, D-Calif.

Cities and states are showing budget resilience as pressure from inflation, slowing revenue growth, and the end of federal pandemic fuels concerns about an uncertain future.

Bonds have traded up since the company last week announced a tentative bondholder deal and project update and financing details.

Meridiam, ACS Infrastructure Development, Sacyr Infrastructure USA LLC and Plenary Americas are among the firms that have signaled interest in the project.

The deal would give the company time to seek additional equity, debt and federal funds.

Disruptions to air travel during the federal government shutdown has sharpened the focus on legislation that would divert funds from the Airport & Airway Trust Fund to pay salaries of air traffic controllers.

Transit advocates are pushing back on the Trump administration exploring the elimination of the Mass Transit Account of the Highway Trust Fund.

The end of the government shutdown includes clearing three of twelve appropriations hurdles while questions linger about the future of the highway reauthorization bill.

The industry for years has lobbied Congress and the Treasury Department to make the changes, but the issue has taken on more urgency amid a data center boom that promises to transform the U.S. energy landscape

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.

The ruling comes as the municipal bond market closely watches the administration's effort to control federal infrastructure spending.

House Republicans hope to mark up the next surface transportation bill early next year.

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.