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State DOT procurement practices impact project costs, according to the latest study to tackle the persistent question of why U.S. infrastructure costs are higher than those of other countries.

The sale reflects the strength and demand of New York state paper.

Public pensions are averaging a significantly improved 80.6% funded ratio, but took on riskier investments to obtain higher returns, which would be problematic in a market correction.

Daily report for July 19, 2024

Municipal bond mutual funds saw inflows as investors added $891.4 million to funds after $775.3 million of inflows the week prior, according to LSEG Lipper.

Missouri this month kicked off construction on a major expansion of Interstate 70, financed with a mix of bonds, general revenue funds and some federal funding.

Fiduciary responsibilities and politics are keeping the ESG debate alive in public finance.

Single party control of a state eases perception of bond default risk associated with laws like Chapter 9, a study found.

Overall state general fund revenue is on track with an October estimate, while the projection for the fiscal 2024-2025 yearend balance faces changes.

S&P Global Ratings is concerned that fall freshmen enrollment will be down significantly after dropping last year.

George "Jay" Wheatley is the latest Citi banker to join Raymond James.

Recently, the SEC has focused its attention on disclosures related to artificial intelligence, including the use of machine-learning, generative models or algorithms, blockchain, and other similar emerging automated technologies, warning market participants of the risks associated with "AI-washing."

The new rule will require FEMA to consider climate change's impact on future flood patterns in determining how and sometimes if to build back after flooding. 

Daily report for July 18, 2024

Issuance has remained robust over the past two weeks, with Wednesday being a particularly busy day.

The threat of cybercrime against municipalities continues to mutate into more sophisticated and life-threatening schemes, say economists and rating agencies.

The legislature dodged broad changes to education or transit, but bet big on business-friendly initiatives.

The city had set an Aug. 27 election on a proposition to create tax increment financing districts to help finance an arena project.

The largest grant, $1.49 billion, will go to the Oregon Department of Transportation to replace a pair of aging vertical lift bridges that connect Portland and Vancouver, Washington.

Sterling Heights, Michigan, plans to issue $45 million of bonds to help finance a $1.06 billion redevelopment of Lakeside Mall, which closed at the end of June.