MTA's funding fight has new urgency after Trump election

Donald Trump's election has left New York lawmakers scrambling to see if they can implement congestion pricing — and save the Metropolitan Transportation Authority's capital plan — before Inauguration Day. In June, when New York Gov. Kathy Hochul halted congestion pricing two weeks before it was scheduled to begin, she didn't give a clear reason for the sudden, "temporary" pause. Many observers assumed she was waiting until after the election. With the election over, Hochul is reportedly looking into reviving the tolling plan — with some changes.

The people have voted. Now what? Follow The Bond Buyer's coverage of 2024 developments after Election Day.

Private jet servicer Million Air is preparing to tap the high-yield municipal market with a structure that will likely feature so-called Cinderella bonds as the borrower works to overcome a snag with securing tax exemption on the bonds.

From politics to disclosure to funding, the changing climate challenges muni issuers. Learn more in our Climate Spotlight 2024 package.

The consequences of the election have public finance leaders making plans for addressing key issues vital to the municipal bond market . "The most oblivious and pressing issue is preserving and protecting all tax-exempt bonds during any attempt at tax reform," said Toby Rittner, president and CEO of the Council of Development Finance Agencies.??

Watch what the municipal bond industry’s innovators and influencers are saying in our Leaders series of video interviews. Check out our lineup of future live interviews and archived conversations.

In our latest podcast, The Bond Buyer's reporters analyze shifts in congressional power, potential tax reforms, and what these changes mean for the tax-exempt status of municipal bonds and infrastructure funding across the United States.

Save the date! The Bond Buyer's National Outlook event returns to New York City on Feb. 6, 2025.

Palm Beach County, Florida, Clerk and Comptroller Joseph Abruzzo last week asked a Florida court to dismiss a lawsuit by pro-Palestinian county residents contesting his investment of a sizable portion of the county’s money in Israel bonds. The plaintiffs are in part pointing to a law enacted by Gov. Ron DeSantis in 2023 aimed at ending the practice of “placing politics above the fiduciary duty to make the best financial decisions for beneficiaries.”

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