Infrastructure

Legislators and transit groups are pushing to get transit reform across the finish line this month, lawmakers and stakeholders said Friday.

California Gov. Gavin Newsom signed legislation that will place a regional sales tax measure on the November 2026 ballot to aid struggling transit agencies.

The Texas Transportation Finance Corp deal will refund interim notes used to finance the ending of a public-private partnership that built toll lanes.

Transportation Secretary Sean Duffy also defended the administration's funding freeze on major New York transit projects.

The City Council is exploring possible bond sales to expand Metro service for the NFL stadium slated to replace RFK Stadium, which is being demolished.

The Department of Transportation pulled funds from the Gateway Project and the Second Avenue Subway extension, citing alleged "DEI" violations.

If approved, the $6 billion federal RRIF loan would be "quite positive at this juncture," an investor said.

The CTA's funds have been "put on hold to ensure funding is not flowing via race-based contracting," Office of Management and Budget Director Russell Vought said.

Political dysfunction is far and away the leading economic and policy concern for muni market participants, according to a new Bond Buyer infrastructure survey.