Bonds

A Louisiana congressional committee voted down plans for a $2 billion-plus public-private partnership that would replace an aging toll bridge near Lake Charles, a move that project proponents say will cost the state and provide for few alternatives. In an 8-6 vote on Tuesday, the Louisiana State Legislature’s Joint Transportation Highway and Public Works Committee
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Jen Flood will be Michigan’s budget director, replacing Chris Harkins who is leaving the post next month. Gov. Gretchen Whitmer announced Thursday. Flood currently serves as deputy chief of staff, overseeing legislative affairs, federal affairs, policy, appointments, and community engagement divisions within the Democratic governor’s office. Jen Flood, Michigan Gov. Gretchen Whitmer’s current deputy chief
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Longtime muni market veteran Steve Winterstein’s strong interest in technology has been a constant in the direction of his 30-year career. “I’ve always been deeply interested in technology, and how to make workflows a lot more efficient and effective,” Winterstein said. After decades in the business and working with other firms focusing on tech, most
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A California-based company’s plan to sell up to $500 million of tax-exempt environmental improvement revenue bonds through the Indiana Finance Authority to build a garbage-to-jet fuel facility in Gary is on hold after the company’s bonds for a similar plant in Nevada went into default. Pleasanton, California-based Fulcrum BioEnergy sold about $290 million of environmental
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The Oklahoma Turnpike Authority took on a tough market Tuesday when it sold $500 million of bonds in its inaugural issuance of debt for a controversial expansion program, but the issuer said the deal was met with good demand. Underwriters led by RBC Capital Markets, priced 5% coupon second senior revenue bonds, serials 2035-2043, with
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The new bank probe by Texas Attorney General Ken Paxton is one of his first major actions since his return to the AG’s office after facing impeachment proceedings earlier this year. Texas Attorney General Ken Paxton’s office said it’s reviewing whether 10 financial companies, including Bank of America and JPMorgan Chase, violate a Republican-backed state
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Wisconsin ended fiscal 2023 on June 30 with record-high balances of $7.07 billion for its budget and $1.8 billion in its rainy day fund, the state announced Monday. General purpose revenue tax collections totaled almost $21 billion, up 2.1% from fiscal 2022, which ended with a nearly $4.3 billion budget balance, according to a 2023
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