The California High-Speed Rail Authority has a route. Now all it needs are tens of billions of dollars to actually build a high-speed passenger train system between Los Angeles and San Francisco. The authority’s board on Wednesday selected a preferred routing to carry the proposed line into the San Francisco Bay area from the Central Valley. The board chose to select a more direct but less populated routing through the Pacheco Pass over the more-populated Altamont Pass. The decision, while important to dozens of transit and transportation advocates who attended Wednesday’s meeting in Sacramento, will be moot unless the authority comes up with money to build the project. As it stands now, the project is supposed to be seeded with proceeds from a $9.95 billion general obligation bond measure that is currently scheduled for the state’s November ballot, though the final tab is expected to be much higher. But lawmakers have twice postponed the high-speed rail measure, which was originally to have appeared on the ballot in 2004, and the possibility remains that they will postpone the measure again, if not kill it outright.
-
A pair of decisions from the U.S. Supreme Court may lead to a more pro-bondholder Puerto Rico Oversight Board.
July 2 -
Chicago had a $219 million surplus at fiscal year's end 2025, despite declines in governmental activities' net position and in investments after moves to boost liquidity.
July 2 -
The muni market is poised for a strong week, Peter DeGroot wrote for J.P. Morgan, with a "manageable" new-issue calendar, near-record inflows year-to-date and July redemption money.
July 2 -
Next payments are due July 14 and 15.
July 2 -
Figuring out a way to account for the shift in market demographics is crucial to the long-term future of the muni market, but it doesn't appear to be a priority.
July 2 -
The rating agency confirmed the Texas city's A1 bond ratings, ending a review for potential downgrade spurred by an impending water supply crisis.
July 2










