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The bank would be modeled in part on the Reconstruction Finance Corporation created during the Great Depression, said the bill's sponsor, Rep. Danny Davis, D-Ill.
June 29
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The Board of Education approved a fiscal 2024 budget amid warnings about the need for more state help to manage a gap of up to $700 million in fiscal 2026.
June 29
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S&P analyst Anne Cosgrove cited "Kentucky's commitment and execution to strengthen its budgetary flexibility and long-term financial stability."
June 29
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San Diego city leaders are in the early days of assembling a P3 that could transform six city blocks with fresh space for city workers and affordable housing.
June 29
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Ted Damutz and Lina Santoro have joined Kroll Bond Rating Agency as directors in the public finance department in New York City.
June 29
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With no agreement on how to structure a historic property tax cut, Gov. Greg Abbott ordered state lawmakers back for a second special session.
June 29
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U.S. District Judge Laura Taylor Swain ordered the Oversight Board propose a new plan of adjustment by July 14.
June 28
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With the first half of the year ending on Friday, municipal sources say the second half of the year will be off to a good start.
June 28
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The new toll on vehicles entering large swathes of Manhattan will be a key part of the MTA's future capital plan.
June 28
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The city is uncoupling Greenville's economic development arm from the local government, with the goal of spurring private sector investment in the city of 72,000.
June 28
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Changes to the direct-pay system provides opportunities for nonprofits to cash in tax credits
June 28
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Road projects make up more than half of the winning applicants, with transit accounting for another 16%.
June 28
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John Di Stasio, president of the Large Public Power Council, said while the industry faces some pressures, public power systems are stable with growing revenues and healthy cash coverages.
June 28
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David Fields, Rob Whitlock and Naomi O'Dell have been hired from RBC Capital Markets and will work out of the firm's Philadelphia and Chicago offices.
June 28
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Getting project grant agreements in place, which formally releases the federal funds, is taking more time than expected.
June 28
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"We believe pensions have an elevated probability of stressing the state and local governments' budgets even as Illinois has made supplemental contributions above the statutorily required amounts," S&P Global Ratings analyst Joseph Vodziak said.
June 27
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Judge Laura Taylor Swain said she found the Oversight Board expert's calculations more convincing than those of the bondholders.
June 27
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While supply has started to pick back up with an outsized primary market calendar this week, it's still not enough to meet demand, said Cooper Howard, a fixed income strategist at Charles Schwab.
June 27
