Infrastructure

The roster change comes as the powerful committee tackles the next surface reauthorization bill.

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 transaction, which supports the Navajo community in Ganado, Arizona, represents a major landmark in furthering Native American health care infrastructure, overcoming hurdles tribal governments typically face in issuing municipal debt to open a replicable path to market other indigenous health systems can follow.

The toll road agency's financial and other practices were targeted in a November legislative study, which could lead to another round of reform legislation.

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

The deal combined the benefits of a green designation with a massive, highly visible airport project.

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.

Legislation authorizing $1.5 billion of revenue bonds, along with fee and tax hikes, could return for a second try in 2026.

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.