A sign is posted in front of a home for sale on August 07, 2024 in San Rafael, California. Justin Sullivan | Getty Images Closed sales of previously owned homes rose 1.3% in July compared with June to a seasonally adjusted, annualized rate of 3.95 million units, according to the National Association of Realtors. That
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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
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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
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
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;
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The Louisiana State Bond Commission approved up to $1 billion of gas and fuel tax bonds, $175 million of sewer revenue bonds, and $100 million of New Orleans port bonds Thursday. The refunding of state gas and fuel tax bonds will feature a tender offer to holders of $750 million first-lien bonds and holders of
Last month, California became the first state to win funds from the Department of Energy’s prominent program to create a series of regional hydrogen hubs to kickstart a new national energy economy. The California Hydrogen Hub received an initial $30 million to begin planning and design phase and will eventually receive up to $1.2 billion
Colorado Gov. Jared Polis on Thursday called a special legislative session for Aug. 26 on further property tax cuts to circumvent proposed ballot initiatives that could negatively impact public financing and education and local government funding in the state. The Democratic governor said “the cost of inaction is too high” and pledged he won’t sign into
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Missouri’s Kansas City Public Schools is looking to take its modernization plan to voters and seek approval for a $474 million general obligation bond measure next April. The district plans to devote $424 million of the bond proceeds to facilities upgrades for KCPS schools and $50 million to participating charter schools, according to Shain Bergan,
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New houses are seen for sale at Woodland Village, built by Lifestyle Homes housing developer, in Cold Springs, Nevada. Andri Tambunan | AFP | Getty Images It appears to have taken a few weeks for current homeowners to realize mortgage rates had dropped dramatically. And when they did, they acted. Applications to refinance a home
The debt Tennessee expects will help pay for new highway “Choice Lanes” will be the first municipal bonds to be used for state highway construction there in more than 45 years, though they won’t be traditional state-issued debt. The state government in recent decades paid for highways on a pay-as-you-go basis, using already collected funds
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