Infrastructure

The electronic survey at the Bond Buyer's National Outlook Conference also found little expectation that the federal government will make a difference on infrastructure.

The initial public offering will raise up to $540 million to expand Florida's passenger train system and acquire the Las Vegas XpressWest project.

Fresh off claiming the top municipal bond volume ranking in 2018, the Dormitory Authority of the State of New York is targeting another milestone year that expands its infrastructure reach.

The MTA, amid political debate over funding and control, intends to sell $500 million of transportation revenue bonds and $750 million of BANs.

Westminster's Mayor and Common Council approved an ordinance on Monday, Jan. 28, allowing the city to take out almost $30 million in state loans for its approximately $70 million wastewater treatment facility overhaul.

Many mayors were not sympathetic about the federal budget showdown, contrasting it to their own mandate to balance budgets and deliver services.

New York Mayor Bill de Blasio's initiative aims to improve practices at the Department of Design and Construction, the city's leading construction management agency.

As the board delayed a vote on fare and toll increases, transit funding, performance metrics and the L-train tunnel project chaos permeated discussion.

Rep. John Yarmuth of Kentucky wants to end automatic across-the-board budget cuts that include a reduction in the subsidy for direct-pay Build America Bonds.

Despite the many factors pulling against our market including slowing GDP and trade uncertainty, Christopher Mier, CFA of Loop Capital, remains optimistic on the municipal market. He see upgrades outpacing downgrades and is looking for stable returns in the state and local sectors. He even has hopes for improvements in Illinois post election and believes that P3s and OPEB bonds may see more activity. John Hallacy is host.