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 FOMC's hawkish tone hasn't cost munis yet, but the reaction from USTs may bring pressure, according to NewSquare Capital's Kim Olsan.
June 18 -
Cameron Hamilton, the current nominee to head up the Federal Emergency Management Agency, responded to accusations of political bias during a Senate hearing on Wednesday.
June 18 -
The lawmakers say their bills would establish safety standards for independent, third-party assessments of artificial intelligence systems and models.
June 18 -
The tobacco sector has been among the worst-performing in the muni market this year, but some say it's still overvalued.
June 18 -
"The upgrade recognizes two important factors: the strong operating performance of Vogtle Units 3 and 4 since entering commercial service and the strength of the project's contractual framework," said Ernest Libershteyn, MEAG director of finance and treasury.
June 18 -
For the first time since 2023, Georgia will bring its general obligation bonds to the municipal bond market, with a $1.57 billion competitive deal.
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