Louisiana has encountered a problem with its first public-private partnership, with the tolling and full opening of a new Belle Chasse bridge delayed for at least seven months. The bridge was to be fully opened in mid-April, but plans are delayed by subsidence of the newly constructed north and south approaches to the new bridge.

Texas general fund revenue growth slowed further in fiscal 2024, inching up just 1.1% to $83.78 billion, the state comptroller reported on Tuesday.  Sales taxes, the biggest state-generated revenue source for the Texas budget, brought in $47.16 billion in the fiscal year that ended Saturday, a 1.2% increase from fiscal 2023. All-funds revenue fell 3.6%

Economic activity was flat or declining across most regions in the U.S. in recent weeks, the Federal Reserve said in its Beige Book survey of regional contacts. Employment levels were generally flat to up slightly, according to the report released Wednesday. While reports of layoffs were rare, some firms noted cutting shifts and hours, leaving

Just past the two-year anniversary of the Inflation Reduction Act, states have captured an average of 7% of the Biden administration’s signature climate legislation potential funding opportunities. That’s according to an Aug. 13 report from clean energy think tank RMI, which adds that the small number “makes sense” since use of the tax credits that

A proposal to help solve California’s property insurance crisis would tap the bond markets and could involve billions of dollars in debt issuance. The debt would be issued through the California Infrastructure and Economic Development Bank. Assembly Bill 2996 authored by Assemblymember David Alvarez, D-San Diego, would help stabilize the insurance marketplace by bolstering the

The Colorado Legislature wrapped up a special session Thursday with the passage of a bill to circumvent property tax cut initiatives on the Nov. 5 ballot that troubled the state’s municipal bond market. House Bill 1001 incorporates a deal with Initiative 50 and 108 backers, who agreed to remove the measures from the ballot and