Infrastructure

Public finance professionals need to contemplate uncertainty as they work with municipal issuers to help them plan and meet their needs.

Mayor Karen Bass introduced a multi-year comprehensive plan, saying it is a first for a city that for too long had a fragmented approach to infrastructure.

The Trump administration also proposed deep cuts to the state revolving funds in its 2026 budget, which Congress rejected.

The biggest-ever bond referendum in Texas was passed Saturday for Dallas schools, while voters in only one city chose to leave Dallas Area Rapid Transit.

Doubts are emerging on Capitol Hill about when a surface transportation reauthorization may arrive and what effect, if any, it will have on the beleaguered Highway Trust Fund.

The department has hit its $30 billion limit on transportation private activity bonds and there's a large pipeline of public-private partnerships across the country.

"Really the only chance of high speed rail in the United States in the next decade is Brightline West," said Federal Railroad Administration head David Fink.

"It became clear our residence halls were a constraint and not an asset for our university," WKU president Timothy Caboni said.

The administration's effort to revitalize the maritime industry includes opportunities for public-private partnerships.

Debt requests are escalating as the Lone Star State accommodates a growing population and addresses aging infrastructure.