Politics

Most states continue to fare well, despite economic shocks and weakening revenue growth.

"We believe that the most effective project delivery happens before your project even begins," said DOT Volpe Center Director Anne Aylward.

Sponsors say bill is a chance to have territories' needs addressed.

After July's hike, analysts are mixed on whether the Federal Open Market Committee is done raising rates.

The House and Senate remain at least $120 billion apart on fiscal 2024 spending levels.

"During this critical period for our state's future, I'm looking forward to having Blake Washington on my team," Gov. Hochul said.

The Senate proclamation says Shields left behind "an indelible mark on the public finance industry."

Almost all of the $1.55 billion surplus will go into the state's rainy-day fund, raising its balance to a record $3.7 billion, a 2,700% jump since 2019.

The plan dedicates most of the funds to repairing and modernization existing infrastructure.

Energy-producing states are riding out oil and natural gas price swings that affect severance tax collections.

Analysts look at whether the FOMC will bring the last rate hike in the cycle, whether recession is coming, and whether the Fed is making a policy mistake.

The puzzling accounting discrepancy, which dates to 2005, threatened to lead to the rescission of $3.5 billion of contract authority for state departments of transportation.

New Jersey sued the federal government to block a plan to charge drivers entering midtown Manhattan, claiming federal regulatory approval was ill-considered.

The bill will move onto the Senate in hopes of reaching President Biden's desk before the current Federal Aviation Administration authorization expires on Sept. 30.

After a tax increase, the Metropolitan Transportation Authority projects five straight years of balanced budgets for the first time in more than 20 years.

Utilities paid sky-high prices for natural gas and power during Winter Storm Uri, leading to the issuance last year of nearly $2.9 billion of bonds to cover those costs.

The decision signals the end of a legal saga that began last year when local residents opposed validation of $15 billion of municipal bonds.

The bond division undertook two transactions last week to retire outstanding taxable public education capital outlay and state revolving fund bonds. The transactions used $200 million in program funds, along with additional money, to pay down $400 million in state debt.

The measure comes after months of dire warnings over the city's looming insolvency.

The competition is open to nonprofit financing institutions and the funding will target clean technology projects in underserved areas of the country.