The legislature addressed the cost of a $329 million property tax refund in the state's largest county as well as passed a fiscal 2025 budget.

The Philadelphia Fed president said there can be as few as no cuts or as many as two this year, but if his projections are accurate, one decrease would be appropriate this year.

The county hopes one-time revenues will help it "live to fight another day" as it awaits a state-assisted financial plan.

"I think the risks to inflation are still on the upside," Federal Reserve Bank of Cleveland President Loretta Mester said. "I think the risk to the labor market is dual-sided."

A new Professional Sports Development Area just passed by the City-County Council will be going before the Metropolitan Development Commission on June 26.

The one-notch upgrade from Fitch Ratings comes as the county plans to to sell up to $900 million in two lease revenue bond deals this summer.

Interest on out of state municipal bonds will now be taxable.

"It would be irresponsible for us to ignore factors that can fundamentally impact the long-term viability of investments," said CalPERS interim Chief Investment Officer Dan Bienvenue of climate risks.

"It is important to remember that as long as the Fed's next move is to lower policy rates, bonds will do well," said Jack McIntyre, portfolio manager at Brandywine Global. "The employment market is in better balance, which is very important for the Fed — even more than inflation."

The Biden administration's accelerated deadlines for exiting dirty energy like coal could pressure utilities already facing growing demand, the rating agency said.

The bonds are part of a proposed settlement with the city's firefighters union that would need court approval.

Darren Olson of the American Society of Civil Engineers joins to discuss the importance of resilient infrastructure and the impact of federal funding on America's future.

With no change in rates expected, analysts are interested in the dot plot and Fed Chair Jerome Powell's press conference.

Even after paring down the capital plan, the MTA will need to issue debt, and sooner than planned. It will be issued under the MTA's transportation revenue credit rather than its congestion pricing credit, so near-term debt service costs will be higher, CEO Janno Lieber said.

Restoring tax-exempt advance-refunding remains a top legislative priority.

The use of unregistered municipal advisors in the public-private partnership sector can lead to unnecessarily expensive deals for cities and states, said SEC's Dave Sanchez.

Her abrupt suspension of the tolling plan for Lower Manhattan leaves a $15 billion hole in the Metropolitan Transportation Authority's capital budget.

J.B. Pritzker on Wednesday signed Illinois' $53.1 billion fiscal year 2025 budget, which includes $198 million for the rainy day fund, among other things.

A $345 million taxable bond deal will support the public-private partnership arrangement that will upgrade the College Park campus district energy system.

A preliminary forecast showed the school's days cash on hand falling below the Board of Regents' 140 days minimum requirement for a third straight fiscal year.