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Construction on an underpass at State Route 46, part of the California high speed rail project, which is the target of a review by the Trump administration.California High Speed Rail Authority The Trump administration said Thursday it would launch a probe into California’s long-struggling bullet train to determine whether it should rescind $4 billion in

Vacant office space is advertised in San Francisco. The city wants to make it easier to convert offices into apartments.Bloomberg News Office market turmoil since the COVID-19 pandemic amid a housing shortage has driven calls for office-to-residential conversions in San Francisco and Los Angeles. While the concept sounds simple, so far such conversions have been

Andrew Nakahata was appointed to California IBank’s second top slot.TD Securities Andrew Nakahata has been appointed chief deputy executive director and chief operating officer at the California Infrastructure and Economic Development Bank, according to the governor’s office. San Francisco-based Nakahata, who is expected to start with IBank on March 17, will leave a position as

Illinois Gov. JB Pritzker speaks in Washington, D.C., in January. The governor devoted a healthy chunk of his budget address to warnings about and defiance of the Trump administration.Bloomberg News Washington’s threats to state and local government funding took center stage when Illinois Gov. JB Pritzker Wednesday delivered his seventh budget address to a joint

<img src=”https://public.flourish.studio/visualisation/21736765/thumbnail” width=”100%” alt=”chart visualization” /> Municipals were steady to slightly firmer Thursday as the $2.5 billion Brightline West Passenger Rail Project deal priced amid a quieter new-issue market. U.S. Treasury yields fell slightly and equities were down. The two-year municipal to UST ratio Thursday was at 62%, the five-year at 63%, the 10-year at

Louisiana Treasurer John Fleming oversaw Thursday’s State Bond Commission meeting where a $400 million general obligation bond sale for the state was approved.Bloomberg News The Louisiana State Bond Commission approved a $400 million general obligation bond sale for the state. The bonds are scheduled to be sold competitively on April 9. Bond proceeds will be

“At present, there is no threat whatsoever to the tax exemption of outstanding bonds,” said Vikram Rai, lead strategist at the municipal division at Wells Fargo. ”I firmly believe that if there is an attempt to curb the benefit of tax exemption, then it will not be retroactive, it will be proactive, so outstanding bonds will not

For municipal bond investors – and investors overall – an executive order signed Tuesday by President Donald J. Trump could erode confidence that the Securities and Exchange Commission will be willing to take action against “politically favored fraudsters.” “One thing I would worry about if I was a muni investor is the possibility that the

NAMA’s Susan Gaffney The Municipal Securities Rulemaking Board’s decision to launch a holistic review of its municipal advisor rules is “completely understandable,” National Association of Municipal Advisors Executive Director Susan Gaffney said, but before the MSRB makes any big changes she hopes “it will engage with the MA community.”  The MSRB’s second quarterly board meeting

Chicago’s Loop in 2024. The city’s alderpeople are divided over a general obligation bond sale, but Mayor Brandon Johnson appears to have enough votes to pass the measure at the next meeting. Bloomberg News Chicago aldermen delayed a vote on $830 million of general obligation bonds at Wednesday’s City Council meeting, but the move only

“When this session ends, we’re going to be providing more funding for public education than ever before in the history of the state of Texas,” Gov. Greg Abbott said at a Texas Public Policy Foundation event on Wednesday.Texas governor’s office Stagnant state funding and rising costs are reducing budget flexibility for Texas school districts, according

White Lake Township, Michigan, is facing legal action on two fronts, one of which is related to the cyberattack that sabotaged its bond sale last year.White Lake Township White Lake Township, Michigan, faces a legal threat from the lead underwriter of a bond sale that was compromised by an online hack. Attorneys for Baird, leader