Infrastructure

The municipal bond market is closely watching proposals from the House and the Senate to overhaul the SALT federal deduction cap.

California faces a $117 billion highway repair backlog and the highest gas tax in the country. The question is whether the fuel-tax funded SB 1 is doing enough.

A study by the Reason Foundation attempts to solve the problem of paying both tolls and fuel taxes on the same highway and offers a blueprint for how states can allocate toll revenue.

Fitch Ratings revised the Canaveral Port Authority and Port Everglades rating outlooks to stable from negative as cruise ship activity accelerates.

The Illinois State Toll Highway Authority plans $600 million of borrowing next month and $500 million next year as its 15-year-old capital program remains in full speed ahead mode.

A new program would pump $5 billion of loans into the state's ports.

Key institutional players like banks and insurance companies may have less incentive to buy tax-exempt munis if the provision becomes law.

Gov. Kathy Hochul's thrusts include the MTA Open Data Act; state Comptroller Thomas DiNapoli launched a federal COVID-19 funding tracker.

The lack of inclusion of the muni market's priorities in the reconciliation framework sends a strong signal they're unlikely to be included in the final legislation.

Its deep water and access to dollars position it well, a climate expert said.