Infrastructure

Toll roads suffered tremendously from dips in traffic associated with the COVID-19 pandemic.

The roughly $1 trillion bipartisan plan would rely heavily on municipal financing tools to achieve $1 trillion in investment with any new federal taxes.

Some lawmakers in Washington during infrastructure discussions have proposed repurposing some of the $350 billion of American Rescue Plan Act relief funds allocated to state, local and tribal governments. This would be a mistake.

The group is also urging Congress to enact enhancements for aggie bonds and industrial development bonds.

If the market holds, the state could also receive the lowest recorded true interest cost in its history of general obligation bond sales.

The state sued after the Trump administration canceled federal funding already approved for the project.

One involves a framework worked out by 10 senators while the other involves a more narrowly-focused $78 billion bill for passenger and freight rail.

The NLC survey found the availability of broadband and digital connectivity improved in about three in 10 urban core and rural communities over the past year.

The five-year Highway Trust Fund reauthorization still requires action by the House Ways and Means Committee to approve revenue measures for financing the bill.

A last-minute bill that would have authorized a split of board chairman and chief executive positions appears to have died in the state Senate.

The California treasurer also suggests adding flexibility to federal rail grants ,which are typically reserved for government projects, to include jointly undertaken public-private partnerships.

The ambitious spending envisioned in the bill is already getting pushback from Republicans.

The tax law proposals laid out by Treasury last week struck many muni advocates as too limited, ignoring the industry's biggest request — tax-exempt advance refundings.

Skepticism continues, even as New York Gov. Andrew Cuomo led a cheerleading tour through the $11 billion project site under Grand Central Terminal.

Sheila King of Eagle Asset Management talks with Chip Barnett on the growing importance of environmental, social and governance issues for municipal governments. She gives examples of what works and what doesn't and why it matters. (14 minutes)

The administration also wants to enhance the Low-Income Housing Tax Credit that is often used for bond-financed multifamily housing projects.

The environmental impact ruling and record of decision are a major milestone for the multibillion-dollar Gateway infrastructure project.

U.S. Chamber of Commerce Executive Vice President and Chief Policy Officer Neil Bradley described the proposal as “a good faith offer and a significant step in the right direction.”

Given that subway safety concerns could impair a rebound from COVID-19, recent spikes in crime and levels of policing triggered spirited discussion at a board meeting.

The state's momentum with rating agencies continued when Fitch elevated its special tax obligation bonds to AA-minus.