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Nevada would get its first toll road under a public-private partnership floated by the city of Sparks. State lawmakers would need to approve the move, as Nevada law currently bans fees on roads that are part of P3s. The city manager of Sparks, located just east of Reno, has proposed a 13-mile toll road that

The end is near for a 52-year public-private partnership that built a managed lanes toll road project in the Houston area, with the Texas Department of Transportation announcing Friday the state intends to take over the project’s operation in October. The move came after financing for the P3 termination was cleared Thursday by the Texas

The Warren County Board of Education in Kentucky approved issuance of $87 million in general obligation bonds last week. These will be among the first GO bonds issued by a Kentucky school district since the state government passed a law allowing them to sell GOs in April, to give school districts a method to address

A default on debt issued by a Texas town struggling with water scarcity led to multi-notch downgrades into junk by S&P Global Ratings and heightened concern about the impact of climate change on public finance.  Clyde, a city of less than 4,000 in central Texas, failed to make debt service payments due Aug. 1 on

Federal Reserve Gov. Michelle Bowman.Julia Nikhinson/Bloomberg Federal Reserve Board Gov. Michelle Bowman said Tuesday she is not quite ready to sign off on an interest rate cut at next month’s Federal Open Market Committee meeting. In a speech delivered to the Alaska Bankers Association, Bowman said price growth continues to be “uncomfortably” high, adding that

California is planning to sell $2.5 billion of tax-exempt general obligation bonds later this month, the state’s second largest offering this year.  Proceeds from the sale will be used to finance voter-approved projects, pay down outstanding commercial paper and refund outstanding general obligation bonds, according to ratings documents provided by Fitch Ratings, which rates the

Nine public and private Chicago-area firms Friday joined the Equity in Infrastructure Project to hire more historically underserved firms for capital projects. The firms include the Illinois Tollway, Regional Transportation Authority and Metra, whose infrastructure programs together total tens of billions. They joined leaders of private firms like Loop Capital Chairman and CEO Jim Reynolds;