Infrastructure

Gov. Jerry Brown convinced lawmakers to set aside $15.9 billion in total reserves.

Emrich is a longtime credit and bond analyst in the municipal securities market.

A majority of states leverage their revolving funds to issue municipal bonds to finance local projects.

The city has finalizeda consulting contract with an advisory team for a possible airport lease.

A ballot measure in November will ask voters to reverse the tax increase and construction package lawmakers approved in 2017.

Chicago Mayor Rahm Emanuel's administration and The Boring Company will begin contract negotiations on a high-speed tunnel system.

State officials say the new funds will increase the local share of funding for Gateway and improve the project's chances of getting federal funds.

The spending plan heads to Gov. Rick Snyder for his expected signature.

A nonprofit overseen by the Seattle-based Public Facilities Group will sell the bonds.

The City Council approved a budget that includes $559 million for infrastructure.