Nevada is considering the possibility of implementing its very first toll road through a public-private partnership, as proposed by the city of Sparks. This initiative, which would require approval from state lawmakers due to current Nevada laws prohibiting fees on roads involved in P3s, aims to address traffic congestion and transportation challenges in the region.
Politics
Denver voters are facing an important decision on the upcoming November 5th ballot. They will be asked to weigh in on a proposal for a sales tax hike that could potentially raise $100 million annually to support affordable housing initiatives in the city. This measure, put forth by Mayor Mike Johnston, aims to address the
Federal Reserve Board Gov. Michelle Bowman recently expressed her reservations about signing off on an interest rate cut at the upcoming Federal Open Market Committee meeting. She emphasized the concerning level of price growth and potential risks of inflation trending up. Bowman’s stance reflects her position as one of the more hawkish members of the
Governor Jared Polis of Colorado has taken a proactive step by calling a special legislative session for August 26. The session aims to address potential ballot initiatives that could have adverse effects on public financing, education, and local government funding in the state. Polis emphasized the urgency of the situation, highlighting the need to protect
Utah voters are facing a significant decision on November 5th, where they will be asked to approve a substantial amount of general obligation debt for public infrastructure projects. The Salt Lake City School District Board of Education recently approved a plan to seek $730 million in bonds for critical upgrades to two high schools, the
In a recent court ruling, a federal judge in Missouri struck down two rules that regulated “non-financial” investment advice from broker-dealers and investment advisors. This decision was made following oral arguments from both parties and resulted in a statewide permanent injunction against the implementation, application, and enforcement of the rules. The rules, enacted by Missouri
Tennessee’s decision to use municipal bonds for state highway construction after 45 years has sparked a debate among lawmakers and the public. The state previously relied on pay-as-you-go funding for highway projects, but the recent Transportation Modernization Act has introduced new tolled express lanes, known as “Choice Lanes.” These lanes will be financed by a
Prince George’s County Public Schools recently announced a $660 million taxable sustainable revenue bond deal that will facilitate the construction of eight new schools. This initiative, made possible through a public-private partnership, aims to address the growing demand for educational facilities in the county. Financial Partnerships and Bond Structure Wells Fargo and TD Securities are
The village of Dolton, located in the southern suburb of Chicago, has been facing a severe financial crisis since 2021. With a negative $3.65 million balance in its general fund as of May, the village’s financial situation is dire. One of the concerning issues highlighted in the investigation is the lack of audited financial reports
The California high-speed rail project has been subject to intense scrutiny, with California Republican Rep. Mike Garcia recently introducing a bill to prevent federal funds from being allocated to the project. This move comes after 15 years of significant financial investment from taxpayers, resulting in what Garcia describes as a lack of tangible outcomes. Republicans