Infrastructure

Michigan expects to receive at least $10 billion from the federal infrastructure package that will give a boost to the state's Michigan Clean Water and Rebuilding Michigan programs.

Municipal financial professionals have to work with elected leaders to develop better policies to issue more tax-exempt debt in a fiscally prudent manner otherwise the infrastructure investment gap will likely continue to grow.

The new tax-exempt private activity bond categories for broadband and carbon capture projects are designed to avoid straining state volume cap.

Putting aside dynamics such as federal pandemic aid and congestion pricing, the transit authority's latest financial plan had a rinse-and-repeat feel.

The U.S. DOT wants to make applying for grants in the $1.1 trillion infrastructure bill as easy as possible. More than 40 new programs will be created under the new law.

The debt-averse state's long-term management of its finances and recent growth earned it a triple-A rating from Fitch.

The state is selling $1.2 billion of GOs, and a recent deal from Vicksburg highlights a structure that makes a difference to the state's local governments.

Treasury may have some leeway when interpreting the new tax and buysiders say it's unlikely to hurt demand even if it becomes law.

President Joe Biden Monday signed into law a $1.1 trillion infrastructure bill.

Local governments are still processing funds from the CARES and ARPA bills.