Joyful Investor

Hurricane Beryl’s battering of parts of Texas is not deterring next week’s bond pricing for Galveston Wharves. The port said the $160 million revenue bond sale will proceed on Tuesday despite an operational interruption caused by the once-Category 5 storm that ravaged the Caribbean and made landfall Monday 100 miles south of Galveston in Matagorda

Hamilton County, Tennessee, has taken steps to approve two bonds totaling $630 million. County commissioners gave preliminary approval to $260 million of general obligation bonds the county will issue for Hamilton County Schools and final approval to a $370 million bond for Erlanger Health System. The proposed school bond is to be advertised so residents

The state-managed earthquake insurer for homeowners in California is borrowing in the public debt markets in lieu of paying for additional coverage that would shield it against risks. The California Earthquake Authority plans to price $250 million of short-term debt Tuesday, according to an online investor presentation. The notes, maturing in November, are backed by

The Biden administration awarded $504 million in grants last week to a dozen tech hubs across the country to scale up the production of critical technologies and create jobs in innovative industries. The tech hubs are part of a push by the administration to accelerate domestic growth in industries such as biomanufacturing, clean energy, artificial

California’s presidential election ballot in November will include $20 billion dollars of statewide bond measures, with $20 billion more in one regional bond election. At the state level, lawmakers reached agreements last week on two $10 billion general obligation bond measures that were heading toward approval in floor votes this week. The measures were put

The Illinois state comptroller reported a 55% year-over-year increase in the end-of-year general revenue fund cash balance as her office paid the state’s bills in a timely manner, a departure from recent years when the state’s unpaid bill backlogs topped $10 billion. Illinois ended the fiscal year with a $1.7 billion balance in the general

States continue to chip away at income taxes by lowering rates or adopting tax credits, with Arkansas and Kansas enacting reductions last month that will reduce collections by hundreds of millions of dollars in fiscal 2025. But the overall trend of large tax cuts, which reached a peak in 2022, has slowed considerably, according to

Davis Polk has hired infrastructure finance lawyer Elena Millerman to join the firm in New York as a co-leader as it builds out its infrastructure practice. Millerman joins as partner and co-head of the infrastructure finance group. She was previously at White & Case LLP, where most recently she served as the global head of

As California grapples with tax revenue shortfalls that threaten his state policy ambitions, Gov. Gavin Newsom delivered an unusual State of the State speech that critics said barely touched on the state’s challenges. Thea pre-recorded speech released Tuesday focused on national politics over state policy. The speech came after the governor and the legislature’s leaders,