Washington News from Bond Buyer

Bondholders agreed to extend the lender longstop date, giving developers more time to test the LAX SkyLink project and avoiding an imminent technical default.

Data centers are expected to produce $1.3 billion in tax revenue for Loudoun County this year, but opponents say the exemptions are costing much more than the property taxes they are generating. 

With the effects of added Medicaid requirement looming next year, some states are already seeing stress cracks in their reserve fund balances and revenue levels.

Healthcare providers will receive nearly $12 billion in funding in fiscal 2027 with federal approval of the state's Medicaid directed payment programs.

Transit systems have to adjust to a new ridership reality, but some have reoriented service and prevented operating challenges from becoming credit problems.

The $5.66 billion spending plan for the fiscal year that begins Oct. 1 continues a voter-mandated plan to increase public safety spending.

The federal infrastructure program would bring a fresh source of revenue for states and railroads.

Chicago made the second half of its supplemental pension payment, fulfilling a budgetary pledge and assuaging concerns of aldermen and rating agencies.

With the Bipartisan Infrastructure Law funding sunsetting at the end of the month, the American Public Transportation Association is staging a fly-in to lobby for advance appropriations.

Chicago will be a regional water supplier, and its water could draw the next Great Migration, Department of Water Management Commissioner Randy Conner said.

Despite uncertainty created by federal policies and global turmoil, California's trade did not shrink; it shifted.

Public backlash over data centers is affecting political positions in the mid-term elections and inspiring legislation in Loudoun County Va., the acknowledged front line of the debate.

Proposed federal grant rules and dwindling aid are among the factors that municipal market participants should be tracking, said panelists at The Bond Buyer's infrastructure conference.

The Federal Open Market Committee is expected to raise rates and will release a new dot plot. Analysts tell what they see.

The plan is estimated to cost about $1.8 billion for a rail system connecting downtown Oklahoma City to Edmond and Norman and $730 million for bus transit.

Senators from western states sent a letter to two federal agencies to address preparations for an extended fire season.

"We look forward to receiving stakeholder comments, which will inform our proposal and next steps in modernizing this important segment of the municipal securities market," MSRB's Ernesto Lanza said. 

To meet the climate challenge, capital investment must shift to early resilience investment and preparation from disaster recovery, a new report argues.

GASB is looking for comments on the taxonomy design for its Voluntary Digital Financial Reporting project, a big step on the pathway to the digitization of financial statements.

The SEC looks to be trying to sharpen its muni expertise, which may offer clues about its future focuses in the market.