The partners working on an Austin-San Antonio Commuter Rail District added a new member as the city of Schertz agreed to pay the $49,500 membership fee for a seat on the board. The board is studying a commuter rail system along the Interstate 35 corridor with the aim of easing traffic between San Antonio and Georgetown, north of Austin, boosting local economies along the way. The Schertz City Council also authorized the Schertz Economic Development Corp. to vote on all the financial and planning aspects of the rail system. The San Antonio suburb of 28,180 did not authorize additional city resources or taxes nor commit to future costs for the rail project.
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The White House said it will appeal a circuit court ruling allowing Federal Reserve Gov. Lisa Cook to remain on the central bank board while her lawsuit challenging her dismissal is litigated.
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Despite the expected rate cut, analysts will be watching the Federal Open Market Committee's actions for other reasons.
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Utilities, and the local governments and states that house data centers, are wrestling with policy questions about who should cover the costs of the projected spikes in water and electricity demand.
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The Senate voted 48 to 47 to confirm Stephen Miran to the Federal Reserve Board, just ahead of the central bank's rate setting committee meeting.
September 15 -
"This was a much-needed rally as the long end struggled throughout the year, but now has been pushed back into positive territory," said Jason Wong, vice president of municipals at AmeriVet Securities.
September 15 -
Infrastructure like vertiports may be financed with municipal bonds.
September 15