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Infrastructure Finance

With city agencies citing budget and compliance hurdles, some Los Angeles residents are responding to infrastructure inaction by painting their own paths.
The growth of cities between San Antonio and Austin, separated by 75 miles, is creating one massive metro region.
State and local leaders have billions of reasons to worry Congress could end the tax exemption for municipal bond investors.
The Oregon state legislature is hoping to raise billions for transportation projects from new sources as gas tax revenue dwindles. Democrats are pushing for a focus on maintenance.
With the Infrastructure Investment and Jobs Act set to expire in the coming year, the National League of Cities is asking local leaders to tell Congress its priorities for the next transportation bill.
Borrowing to finance infrastructure is now more expensive. Meanwhile, congressional tax writers are toying with the municipal bond tax exemption, scaring both investors and issuers. State and local debt managers have a lot to think about — and worry about.
There are a number of steps that state and local leaders could take to narrow the funding gap by tens of billions, making the most of the money that is available to keep the faucets flowing.
Voters approve most transit funding requests put before them, but after passage the measures have drawn legal opposition in places like Austin, Nashville and Phoenix.
Legislators have made water a priority this session, with the state falling short of ever-increasing demand. Ideas for addressing the problem range from conservation to desalination.
A new data dashboard from the Urban Institute fleshes out how the funding is being allocated by category and across states, counties and congressional districts.
The state faces a severe shortfall, but a proposed package would raise or shift $1 billion in taxes to secure funding for various projects.
The 30-year-old airport will be under renovation for years as officials plan continuous upgrades to handle increased traffic, including construction of a seventh runway by 2035.
The legislation would block foreclosures and allow homeowners who’ve suffered financially due to the L.A. fires to freeze payments without penalty. Several major lenders have already reached agreement with Gov. Gavin Newsom to provide voluntary relief.
The reason is simple: A boom in apartment construction. Developers are pulling permits at a rate nearly triple that of San Antonio on a per capita basis.
Like other states, Michigan is seeing declining revenues due to electric vehicles. It’s pulled a pilot program to try out a fee system based on miles traveled due to lack of funding, which critics call short-sighted.
The Trump White House has ordered a pause on infrastructure spending approved during the last administration, and is promoting new spending on digital infrastructure to support artificial intelligence.