Washington News from Bond Buyer

While the threat of shifting more costs from the federal government looms in the background, the end of the fiscal year is revealing stabilized tax revenue for most states.

The city took the measure to partially address a shortage in its general fund.

Lifting the PABs cap is a priority for transportation advocates, lawmakers from both sides of the aisle and the Trump administration.

 A default under the concession agreement could result in termination of the project, according to an analyst.

The Texas city plans to bring general obligation bonds, certificates of obligation and tax notes to market later this month.

"They're totally more vulnerable," Michael Sudsina, president and CEO of Ohio-based municipal advisory firm Sudsina & Associates, LLC, said.

Missouri voters on Tuesday soundly rejected Amendment 5, which would have eliminated the state income tax and given lawmakers latitude to raise other taxes.

The Texas city's general obligation rating was lifted to Aa2 with a stable outlook from Aa3 based on "meaningful" moves taken in its fiscal 2027 budget.

Democratic senators have asked Commodity Futures Trading Commission to rein in prediction "wagers."

Indiana lawmakers are considering two more far-reaching property tax reforms before Senate Enrolled Act 1 has even been fully phased in.

Budget Director Annette Guzman left her role Monday, Chicago Mayor Brandon Johnson said, in the latest high-profile finance departure from his administration.

But a toll-backed public-private partnership remains possible for the more than $1 billion project.

The city moved to a less-restrictive Stage 2 drought status for water use in another sign after recent rain that a water supply emergency is no longer imminent.

If the referendum passes, it is expected to have major impacts on the finances of local governments in Florida.

Proposals for reforming the Federal Emergency Management Agency are attracting attention from the ratings agencies.

"The upgrade also reflects the city's continued financial strength that has extended for decades and been preserved even during recessionary periods via prudent budget management," analysts said. 

As Virginia prepares for a key primary election on Tuesday, the controversy over tax exemptions and data center proliferation is spurring alerts from law firms.

Fitch Ratings raised the outlook on two series of sales tax revenue bonds structured as a TIFIA loan.

The continuing resolution would also kick the debate over the next surface transportation bill to the lame duck session.

A California-based technology company was early in the contract phase of acquiring land in Oregon's capital city to build a data center.