Gov. Arnold Schwarzenegger said he will renew his push for public-private partnerships in transportation during 2008. “P3 is part of our overall economic development strategy for California, and you will hear much more about that in my state of the state address this coming January. We will be talking about that a lot,” Schwarzenegger said Tuesday in his keynote address at a conference on California’s digital infrastructure organized by the University of Southern California Annenberg School’s Center for the Digital Future. It’s not the first time the Republican governor has endorsed P3s, but so far the reaction from Democrats, who control the Legislature, has been cool. “Simply put, to keep our economy moving we have to do everything that we can in order to create the infrastructure faster, cheaper, and better, and I think that we can do that with the public-private partnership,” Schwarzenegger said. “It’s just that right now it is such a new concept for our legislators that they’re not there yet 100%. They are concerned about it, they’re suspicious about it, what it means, and so I think it will take a little bit of time. But I think the next round of infrastructure that we’re going to do there will be much more public-private partnerships.”
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Inflows returned to muni mutual funds as investors added $200.3 million for the week ending Wednesday after $1.474 billion of outflows, according to LSEG Lipper.
April 25 -
Democratic Gov. Laura Kelly nixed another tax cut bill passed by the Republican-led legislature this year, while pushing a less-costly plan.
April 25 -
It's a big week for the Fortress-backed train company, which refinanced more than $4 billion of debt and broke ground on its West Coast high-speed line.
April 25 -
Photos from The Bond Buyer's Texas Public Finance conference.
April 25 -
The Mayo Clinic is undertaking a $5 billion expansion that may bring new debt as it reconstructs its core Rochester, Minnesota campus.
April 25 -
"Just like the ATM became an additional transaction channel in the banking industry, I believe distributed ledger technology will provide municipal issuers with a similarly valued tool to sell their bonds," said Rick Coscia, Quincy's Strategic Asset Manager.
April 25