Investments

The nearly-complete offshore wind power generation project can resume construction while it fights a stop-work order from the Trump administration.

Two triple-A bond deals from the Lone Star State to finance water-related projects are scheduled to price this week in the municipal market.

"On a month-to-date basis, AAA munis have outperformed Treasuries across the entire curve. … This outperformance can be attributable to an improvement in market technicals," said Daryl Clements, a portfolio manager at AllianceBernstein.

The Pennsylvania government is still kicking the can down the road on public transit funding. This time, it's using capital funds to plug operating gaps. 

A bill to provide state credit support for housing finance and another to create an infrastructure bank were placed in the legislature's suspense file.

Advocates have floated similar measures repeatedly over the course of several administrations with no luck.

The college's most recent annual comprehensive financial report is for the fiscal year ending June 30, 2023, and S&P is concerned by the lack of timely reporting.

The administration wants the project "to be a model of how to build quickly and cost effectively," Transportation Secretary Sean Duffy said.

Doña Ana County taxable industrial revenue bonds, which will be sold to participants in the project, will enable the project to access a variety of tax breaks.

The state government is holding back school aid while it waits for lawmakers to pass a budget. That's hurting some schools more than others.