News & Analysis as of

State and Local Government Federal Budget

ArentFox Schiff

Mega-Trends Impacting Municipal Market

ArentFox Schiff on

We are at the initial stages of a major paradigm shift that has significant implications for the municipal market over the next five to 10 years. A number of societal mega-trends will present material challenges for the...more

Orrick, Herrington & Sutcliffe LLP

Burned by BABs, Issuers Look for a Way Out

Between April 2009 and December 31, 2010, state and local governments borrowed more than $181 billion through the issuance of 2,275 separate issues of Build America Bonds, which were authorized under the federal American...more

Holland & Knight LLP

Congress Launches FY 2023 Community Project Funding Process After Successful Revival

Holland & Knight LLP on

President Joe Biden signed into law the $1.5 trillion Consolidated Appropriations Act of 2022 (the Omnibus) (Public Law No. 117-103) on March 15, 2022. Included in the Omnibus for the first time in a decade was a large...more

Mintz - ML Strategies

House Republicans Reverse Course on Earmarks, Congressionally Directed Spending is Back

Mintz - ML Strategies on

Since the Democrats reclaimed control of the House of Representatives in 2018, barrels of ink have been spilled on the topic of “congressionally-directed spending”. Better known as earmarks, this funding mechanism allows...more

Seyfarth Shaw LLP

The Week in Weed: February 2020 #2

Seyfarth Shaw LLP on

Welcome back to The Week in Weed, your Friday look at what’s happening in the world of legalized marijuana. It was a busy week for the states, as Virginia moved towards decriminalization.  The state House and Senate passed...more

Ballard Spahr LLP

Delaware enacts law providing financial relief to federal employees impacted by shutdowns

Ballard Spahr LLP on

On January 23, Delaware Governor John Carney signed the “Delaware Federal Employees Civil Relief Act” into law.  The Act states that its purpose “is to provide for the temporary suspension of judicial and administrative...more

Bracewell LLP

FY 2019 Sequestration Reduction Rate for Direct Pay Tax Credit Bonds Set at 6.2 Percent

Bracewell LLP on

According to the IRS website, the sequester reduction rate applied to payments made to issuers of direct pay tax credit bonds in fiscal year 2019 will be 6.2 percent. This percentage will apply to all subsidy payments...more

Mintz - Real Estate, Construction &...

Cities and Developers Must Prepare for Climate Change Now

On February 12, 2018, President Donald Trump released his fiscal year 2019 budget proposal entitled “An American Budget.” Though Congress will not implement the proposal in its entirety, it still demonstrates what the Trump...more

Orrick - Finance 20/20

U.S. Pay-for-Results Funding

Orrick - Finance 20/20 on

The U.S. budget bill enacted on February 9, 2018 provides funding for states and localities for pay-for-success projects and feasibility studies. Title VIII of the bill, titled “Supporting Social Impact Partnerships to Pay...more

Mitchell, Williams, Selig, Gates & Woodyard,...

FY 2019 President's Budget Request: Relevant Programmatic Figures

Various state environmental agency organizations have commented on the fiscal year 2019 President’s Budget Request (“Budget”). The organizations addressing the Budget include: The National Association of Clean Air...more

Foley & Lardner LLP

Happy 25th Birthday, FMLA! 25 Years Later – Where Are We Now?

Foley & Lardner LLP on

The Family and Medical Leave Act (FMLA) is celebrating its 25th anniversary this month. On February 5, 1993, President Bill Clinton signed the FMLA into law guaranteeing certain employees up to 12 unpaid weeks off of work a...more

Baker Donelson

White House Unveils Long-Awaited Infrastructure Proposal

Baker Donelson on

On Monday, February 12, as part of the President's FY19 budget proposal, the Trump Administration lifted the curtain on a $1.5 trillion infrastructure package that would focus on public private partnerships and increased...more

Nossaman LLP

White House Releases Roadmap for Nation’s Infrastructure; Congress Takes the Wheel

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The White House released its long-awaited infrastructure proposal to Congress this morning, along with the President’s fiscal year 2019 budget proposal. While elements have been hinted at and leaked before, the 55-page...more

Nossaman LLP

A Path to Federal P3s for Infrastructure? ABA Subcommittee Suggests Changes to OMB Budgetary Scoring

Nossaman LLP on

Much has already been said already about President Trump’s call to “rebuild our crumbling infrastructure,” in his first State of the Union address. The President asked Congress to advance a $1.5 trillion infrastructure plan...more

Miller Canfield

State and local governments continue to see a reduction in credits available for Direct Pay Bonds

Miller Canfield on

As a result of federal sequestration, state and local governments who have issued certain direct pay bonds have seen a reduction in tax subsidy payments since March 1, 2013. Sequestration is a result of Congress’ failure to...more

Bracewell LLP

State/Local Bond Proposals in Administration's 2016 Budget

Bracewell LLP on

Several proposals affecting tax-exempt bonds were included in the Obama Administration's Budget for FY 2016. As usual, the overall budget proposal has immediately been declared DOA by political pundits. Nonetheless, taking...more

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