The transformation of the governance structure surrounding Disney’s theme parks is enveloping the discussion about the financial future of the jurisdiction once known as the Reedy Creek Improvement District. Now designated as the Central Florida Tourism Oversight District, this entity faces a juxtaposition between its operational integrity, a recent bond sale, and the looming uncertainty
Politics
In the complex landscape of environmental policy and economic interests, Texas finds itself at the forefront of a heated legal battle concerning the constitutionality of a law that prevents government contracts from being awarded to banks and financial firms that are perceived to be “boycotting” the fossil fuel industry. This law, enacted in 2021, has
Late Tuesday evening, the Salt Lake City Council greenlit a significant financial initiative, paving the way for the issuance of up to $900 million in bonds aimed at the rejuvenation of a key sports arena, as well as the surrounding downtown area. This ambitious project hinges on a 0.5% increase in the sales tax—a decision
Amtrak, the United States’ national railroad passenger service, is currently grappling with significant challenges related to the planning and execution of its largest infrastructure project to date—the $6 billion Baltimore-Potomac Tunnel replacement. This project, intended to modernize a critical segment of the rail network, is under scrutiny for potential delays and cost overruns, as highlighted
In a brief but impactful strike that lasted just under three days, the International Longshoremen’s Association (ILA) represented approximately 45,000 dockworkers in a standoff against the United States Maritime Alliance across 36 ports on the East and Gulf Coasts. Ending late Thursday, this labor action concluded amidst negotiations that resulted in a significant 62% wage
The House Committee on Transportation and Infrastructure (T&I) perhaps prides itself on its ability to operate without the political theatrics that often accompany congressional proceedings. However, the potential for a power struggle following the midterm elections casts a shadow over its usual tranquility. With leadership positions at stake, it is essential to consider how shifts
The Municipal Securities Rulemaking Board (MSRB) is responsible for overseeing the municipal securities market in the United States, ensuring fair and efficient operations within the industry. In light of recent changes and stakeholder feedback, the MSRB has announced a budget of $48.8 million for the 2025 fiscal year, representing a modest increase of 2.9% from
Proposition 98, passed by California voters in 1988, serves as a critical framework guiding educational funding within the state. Mandating that a specified percentage of the state budget is allocated to K-12 public schools and community colleges each year, Proposition 98 essentially seeks to ensure a stable and predictable funding source for education. As fiscal
The Federal Reserve’s decision-making processes are predominantly driven by two major economic indicators: inflation and unemployment rates. However, a recent discussion led by Fed Chair Jerome Powell signifies an evolving perspective that now includes personal savings and gross domestic income (GDI) as critical components in determining monetary policy. The incorporation of these metrics highlights a
The House Municipal Finance Caucus is poised for a significant transition following the announcement that Alabama Democratic Representative Terri Sewell will assume co-leadership of the group, replacing Maryland’s Representative Dutch Ruppersberger, who is retiring. Ruppersberger’s tenure as co-chair, which began with the caucus’s founding in 2016, was marked by his robust advocacy for public finance