Part of the problem may be the lack of a muni finance tax expert in Treasury, a position that has been vacant since 2019.

The bill would create a state investment fund and establish a debt reduction program to be administered by the Division of Bond Finance.

Massive transit projects have funding momentum, and traditional road and bridge projects are advancing as well despite political opposition and some shaky funding.

The measure, which passed with slim vote margins in the Republican-controlled legislature, could drive banks out of the state's market, according to the governor.

The governor asked the high court to review a ruling that gave the board broad power to overturn laws it deems inconsistent with the island's fiscal health.

The Investing in Our Communities Act, introduced by House members Kustoff, R-Tenn., and Ruppersberger, D-Md., would reinstate tax-exempt advance refunding.

The bill creates an ESG Oversight Committee to compile a list of financial services providers determined to be "discriminating" against the fossil fuel, firearm, or ammunition industries.

Ambiguous language in the legislation is one of a handful of reasons why issuers have not taken advantage of the new financing tool.

Comptroller General Richard Eckstrom announced his resignation on Thursday, saying he supports legislative measures to make the office an appointed position.

The House and Senate differ in their approaches to lowering property taxes by billions of dollars as the state anticipates a record budget surplus.

Republicans argued the longtime transit and airport CEO lacked the experience necessary to head the FAA.

The move by a Senate committee would pass a baseline budget and put off actions on some of Gov. Janet Mills' new spending proposals.

The state House Appropriations Committee dropped $3.86 billion from a supplemental spending bill, but its chair said the money is "still in play."

"If banks become even more reluctant to make new loans, the likelihood of a recession grows," says New York City Comptroller Brad Lander.

Wisconsin's Republican legislative majorities for a third consecutive biennium rejected Democrat Tony Evers' capital plan and will craft their own version.

President Joe Biden's fiscal 2024 budget zeros out spending for the popular RAISE grant program.

Volkswagen will benefit from the largest economic development deal in South Carolina history as it launches a new, all-electric brand of Scout SUVs and pickups.

Flint will receive state pension funding help but plans to press for more pension and local government revenue aid to preserve its struggling tax base as it recovers from the 2014 water contamination crisis.

Big national banks would be banned from state and local government contracts in Oklahoma if their policies "discriminate" against the firearm industry.