Infrastructure

A conversation with Rodney Slater and Bill Shuster

Reinstating certain municipal bond provisions would make way for more infrastructure investment.

Lt. Gov. Dan McKee succeeds her on a day state voters approved seven bond measures totaling $400 million.

Flexibility in federal funding programs that would allow cities to target what they consider their highest priorities is key.

The state’s transportation investment is estimated at $50 billion over the next decade and the commission’s recommendation is to increase total investment by at least $20 billion more in the next 10 years.

Bills to expand the use of tax-advantaged bonds that are being reintroduced in the new Congress have favorable odds for being signed into law this year.

BATA brings a refunding deal to market next week, buoyed by a financial position that stood up to the stresses of the COVID-19 pandemic.

Senate Majority Leader Chuck Schumer and Sen. Bernie Sanders want a broader infrastructure bill to pass through the reconciliation process while other lawmakers plan a bipartisan push for surface transportation.

Political uncertainty will elevate bond price volatility for those issuers more dependent on fiscal support. Still, the broader market will benefit from support for education, transportation, and healthcare sectors.

All three phases of Maryland's public-private partnership would make it the largest P3 in the world.