Economy

The Equity in Infrastructure Project, created to generate opportunities for historically underserved businesses, hit 56 pledges at a California event.

"Both our regions have a shared commitment to fostering economic growth, innovation and cultural exchange," said Mayor Daniella Levine Cava.

Passing a new farm bill offers the best chance for movement.

The Bay Area Rapid Transit was highlighted in the report on agencies still struggling.

The amount of unspent funding for state and local capital projects is at a historically high $5 billion as projects struggle with rising construction costs.

State and local development officials closed on $5 billion of revenue bonds for electric truckmaker Rivian's planned Georgia production plant.

Maine voters in Tuesday election shot down a ballot proposal for a public takeover of private electric utility providers.

The rating agency expects that an uptick in revenues will outpace expenses as the not-for-profit hospital industry gets a handle on labor costs.

Two major state-backed offshore wind farm projects in New Jersey were canceled by Ørsted, which cited growing impairments and sustained marketplace pressures.

Research indicates office space conversions could be financed with bonds.

Large reserves will insulate states against downgrades in the near future, one rating agency says.

Bond Buyer Senior Reporter Keeley Webster shares an interview with California Treasurer Fiona Ma on her run for lieutenant governor as a prelude to a fireside chat Wells Fargo Director Julia Kim conducted with the state treasurer at The Bond Buyer's California Public Finance conference.

States use tax proceeds in a way that appeals to voters because recreational marijuana is often legalized through a referendum process.

Gov. Kathy Hochul this week signed into law a trio of bills passed by New York's Legislature leveraging state resources to accelerate affordable housing in New York City.

The Biden administration announces new emphasis on transit-oriented development.

The Grand River Dam Authority, the state's largest public power utility, is expected to start issuing the debt later this year.

Fitch Ratings did a deep dive on the nation's major airport capital programs, as projects have begun, and how they plan to fund them.

EPB of Chattanooga is seeking the new funds for capital work necessary to accommodate the Tennessee city's expected population growth.

A $25.5 million cash offer plus some equity was made to acquire Legacy Park, which was financed with $284 million of now-defaulted revenue bonds.

The upgrade "reflects a material improvement in the MTA's fiscal outlook, which was largely driven by New York State increasing the maximum rate of the payroll mobility tax," Fitch said.