Infrastructure

Treasury may have some leeway when interpreting the new tax and buysiders say it's unlikely to hurt demand even if it becomes law.

President Joe Biden Monday signed into law a $1.1 trillion infrastructure bill.

Local governments are still processing funds from the CARES and ARPA bills.

The inability to advance refund has cost issuers up to $10 billion since 2020, according to Municipal Market Analytics, a figure lobbyists hope will help make their case.

Local and state officials, labor, and policy groups have begun putting stakes down over how to split up the federal infrastructure windfall for Illinois.

Assets ranging from airports, utilities and toll roads may come into play under P3 provisions in the infrastructure bill, which could attract public pension infrastructure investment.

The bipartisan infrastructure bill passed over the weekend, offering munis an indirect win by providing an influx of funds to state and local authorities.

The state could see nearly $45 billion, the lion's share for highways and public transportation.

Two major pieces of President Joe Biden's domestic agenda, which carry implications for the municipal bond market, advanced in the House Friday.

CDFA is advocating for a holistic solution from Congress to address private activity bond challenges.

The municipal bond market is closely watching proposals from the House and the Senate to overhaul the SALT federal deduction cap.

California faces a $117 billion highway repair backlog and the highest gas tax in the country. The question is whether the fuel-tax funded SB 1 is doing enough.

A study by the Reason Foundation attempts to solve the problem of paying both tolls and fuel taxes on the same highway and offers a blueprint for how states can allocate toll revenue.

A new program would pump $5 billion of loans into the state's ports.

Key institutional players like banks and insurance companies may have less incentive to buy tax-exempt munis if the provision becomes law.

Gov. Kathy Hochul's thrusts include the MTA Open Data Act; state Comptroller Thomas DiNapoli launched a federal COVID-19 funding tracker.

The lack of inclusion of the muni market's priorities in the reconciliation framework sends a strong signal they're unlikely to be included in the final legislation.

Its deep water and access to dollars position it well, a climate expert said.

Transportation and transit projects would be eligible uses of ARPA funds under the bill, which also extends the deadline to spend the funds.