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The looming 2028 Olympics and the specter of crime took center stage at the Los Angeles County Metropolitan Transportation Authority’s state of the agency event this week. Los Angeles Mayor Karen Bass handed off the gavel and her title as Metro chair to Los Angeles County Supervisor Janice Hahn during Wednesday’s event held at Union

Municipals were little changed Friday ahead of another large new-issue calendar. U.S. Treasury yields fell further and equities ended higher. A “relatively difficult start to the year” was expected, “as Treasury yields were too low, market participants were too optimistic about the number of rate cuts this year, and muni ratios were near their multi-year

In light of the U.S. Supreme Court’s recent reversal of the so-called Chevron doctrine, House Republican leaders Wednesday launched a review of the Biden administration’s environmental, social and governance agency regulations. House Transportation and Infrastructure Committee Chair Rep. Sam Graves, R-Mo., and Rep. James Comer, R-Ky., chair of the House Oversight Committee, sent letters this

The Securities and Exchange Commission has approved the Municipal Securities Rulemaking Board’s amendments to Rule G-47 on time of trade disclosure, adding three disclosure scenarios, retiring some existing guidance and clarifying some supplemental information. The amendments were filed with the Commission in April and the amendments themselves were discussed and approved at the MSRB’s quarterly

A subsidiary of Spanish highway operator Abertis is considering borrowing $424 million to fund capital projects for four Puerto Rico toll roads.  The Public Finance Authority, a Wisconsin-based conduit issuer, approved the municipal bond sale for Puerto Rico Toll Roads LLC, at a June 26 board meeting. PFA would loan the proceeds it borrows to

The North Carolina Local Government Commission approved $226 million in water revenue bonds for three municipalities in the Research Triangle Region at its meeting Tuesday. The commission approved a $76 million bond and an $88.4 million state revolving fund loan for Sanford, a $75 million bond and a $54 million SRF loan for Fuquay-Varina, and

Western cities and states have more flexibility to address homelessness following a U.S. Supreme Court ruling that upends the legal guidelines for how governments in the West respond to homeless people. How they use that flexibility remains to be seen. In a 6-3 opinion led by the conservative majority, the high court on June 28

Municipals were firmer Thursday, underperforming a U.S. Treasury rally after inflation data showed Federal Reserve rate cuts are on track for later this year, with the September Federal Open Market Committee meeting the likely start to an easing cycle. Equities ended mixed. Muni yields fell two to eight basis points, depending on the curve, while

Officials in East St. Louis, Illinois, have sued the local police and firefighter pension boards and the state comptroller to block the use of a law allowing the comptroller to intercept state funds going to the city and redirect them to pension payments. According to the Belleville News-Democrat, the city is challenging the law’s legitimacy

Public infrastructure built with federal emergency funds must conform to stricter flood-risk standards to better protect against rising climate risk, the Biden administration said Wednesday. The standard, which was years in the making, requires buildings and other infrastructure built with Federal Emergency Management Agency funds to be elevated higher above local flood levels, or relocated

Miller Canfield has hired five public finance attorneys from Ice Miller, and they will work out of the Chicago office. The hiring of James Snyder, Austin Root, Mark Huddle, Shelly Scinto and Kathleen Thomas aligns with the Detroit-based international law firm’s growth strategy: in specific practice areas, such as school districts, and a geographic expansion,