Attract Daily Profits

The Louisiana Public Facilities Authority expects to price $1.33 billion in Baa3-rated toll bonds next week, in a public-private partnership to replace the Calcasieu River Bridge, but with the bonds backed by toll revenues, there remains some concerns about drivers using alternate routes to avoid the charge. JPMorgan and Wells Fargo will manage the deal.

The League of California cities will host a webinar to help potential applicants tap $3.3 billion in funding being fast-tracked by the governor from a bond measure approved by voters in March. The funding being released in August is the first tranche from the $6.4 billion Proposition 1 bond measure. No bonds have been issued

Connecticut sold a routine $214 million general obligation deal last week, with Wells Fargo placing the winning bid. Although the deal was unremarkable, Assistant Treasurer for Debt Management Bettina Bronisz made sure the occasion didn’t go unnoticed.  “She invited all the interns and other members of our executive staff to participate and learn about it

California’s fiscal 2025 budget dealt with the revenue gap that emerged in fiscal 2024, but further actions will be needed to achieve fiscal balance in out years, according to a Fitch Ratings commentary. “While further adjustments may be necessary to align spending with the lower revenue trajectory, Fitch believes this budget allows California to retain

California Gov. Gavin Newsom issued an executive order instructing state agencies to adopt policies to clear homeless camps on state properties and asked local governments to use the “substantial funding” provided by the state to take similar action. The executive order issued Thursday comes a month after the U.S. Supreme Court’s sweeping Grants Pass decision

An Oklahoma court ruling against a state anti-ESG law could help undermine similar laws in Louisiana, Florida, and elsewhere, attorneys said. Oklahoma County District Court District Judge Sheila Stinson late last week issued a permanent injunction against the enforcement of a 2022 state law that led to investment banks being banned from underwriting municipal bonds

A coalition organized by New York City Comptroller Brad Lander has filed three lawsuits to allow the launch of congestion pricing.  Lander and his allies hope the lawsuits will force the defendants — New York Gov. Kathy Hochul, state Department of Transportation Commissioner Marie Therese Dominguez, and the Metropolitan Transportation Authority — to begin the