Public finance

A new report lays out motor fuel, sales, and miles-traveled tax options to fix Michigan roads, saying the state is falling almost $4 billion behind every year.

The legislation, which passed the House last week, comes as the state nears a key 2026 decarbonization deadline.

Yakym takes over from the late Jackie Walorski, who passed away unexpectedly last August.

The transportation revenue bond sale comes as legislative work on a new budget package is ramping up with the GOP expected to craft its own operating and capital spending plans.

Even more uncertainty has been introduced into the municipal bond market as the Federal Reserve may have to tweak its monetary policy plans as the situation unfolds.

The Bay Area Rapid Transit inspector general departed early saying the board obstructed her work.

The company has been working on this ETF for the past year and a half.

Triple-A benchmarks have fallen five to 10 basis points, depending on the scale.

The Uinta Basin railway is asking the DOT to authorize up to $2 billion of PABs for the project, which would move oil to market from northeast Utah.

Investors will be greeted Monday with a new-issue calendar estimated at $6.041 billion.

President Biden's proposed budget contains a change that many affordable housing advocates say would help make PAB financing go further.

The Australian toll road operator couldn't agree on terms with the state for the first phase of the project, which has been dogged by controversy and delays from the start.

A $3.52 billion Texas Natural Gas Securitization Finance Corp. deal includes a make-whole redemption over three years to call bonds if the state appropriates funds to pay them off.

A project to retrofit the Port of Camden in New Jersey for larger cargo vessels is getting a boost of federal support.

Fitch said revenues improved significantly in fiscal 2022, more than doubling the prior fiscal year total and exceeding the pre-pandemic peak recorded in fiscal 2018.

Governance decisions and rapidly escalating deficits contributed to Moody's decision to cut Illinois Tech's rating two notches to speculative grade.

Outflows continued as Refinitiv Lipper reported $307.815 million was pulled from municipal bond mutual funds in the week that ended Wednesday after $905.030 million of outflows the week prior.

On the policy front, the budget would allow large urban transit agencies to use federal capital grants for operating costs and gives states more private activity bond volume flexibility for housing.

Fitch said the action "reflects the recent enactment of legislation clarifying the future operational profile of the district," formerly controlled by Disney.

The $750 million in state grants will go to eligible local government public pension funds that have funded ratios under 60%.