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.
The Reconnecting Communities program is giving $3.3 billion to help cities address problems caused by highways. But in most cases, the projects stop short of removing highways altogether.
The Midcontinent Independent System Operator released a draft proposal earlier this month that aims to shift the region away from fossil fuels amid a rising demand for power. But many of the details are uncertain.
As other states ramp up their own development incentives, Texas is experiencing more competition for opportunity zone projects. Of 94 economic incentives projects across the nation this year, just two were in Texas.
The $7.5 million electric crane will help the city forgo around 350,000 gallons of diesel fuel in its lifespan. The machine is the largest of its kind to run entirely on electric power.
The state will launch an alternative system where drivers are charged for each mile they drive. That might replace the gas tax, which hasn’t been updated since 2003. As of 2022, just 0.13 percent of the state’s vehicles were hybrid or electric.
Two political leaders are backing a congressional bill that would lower the cost of homeowner property insurance by about a quarter. In 2023, Florida homes cost three times the national average to insure.
An audit by a federal watchdog found several instances of poor planning, misallocation of funds and a lack of workers which undercut millions of dollars of federal aid meant to keep stormwater at bay.
Since 2019, the state has experienced 263 outages, each lasting an average of 160 minutes and impacting an estimated 172,000 Texans. During Texas’ deep winter freeze in 2021, there were 47 outages.
Today’s interest rates may tempt public financiers to try to play the spread between tax-exempt and taxable bond yields. That invites heightened federal scrutiny, but there are some strategies likely to avoid the bite of the IRS.
A new $1 billion fund will help Texas communities fix crumbling water infrastructure. Advocates say much more will be needed due to population growth and climate change.
A handful of incoming mega-projects, such as a $15B Micron expansion and a new Meta data center, could squeeze the state’s tradesmen and hinder other developments across the state.
Assessments and additions that would make a home more climate-friendly also have significant price tags, driving up housing costs. Local officials in Lacey, Wash., are trying to reconcile competing goals.
The state will increase its toll rates on March 1, with the highest toll rate being $15 on I-405 and Highway 167. Dynamic pricing will change the toll rate to a minimum of $1 as often as every five minutes.
The state wants to lower electricity rates and relieve the burden on low-income households through a “fixed charge” plan. Many oppose the idea due to a perceived lack of fairness and privacy concerns.
Data from over 15 million consumers in 588 counties across the nation reveal that poorer communities waited an average of 170 minutes more for power to be restored, though sometimes it took much longer.
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