Build America Bonds, part of the economic stimulus package that are intended to help cash-strapped cities building roads and schools, have been found to cost cities and taxpayers more over the long-term.
They're supposed to have a more favorable interest rate, with the federal government paying 35% of the interest costs.
"But questions about this multibillion-dollar program are piling up.
For one, Wall Street banks are charging larger commissions for selling Build America Bonds than they do for normal municipal bonds, increasing the costs to the states and cities. For another, the new bonds may be priced too cheaply, enabling quick-footed investors to turn a fast profit as the prices climb, but raising interest costs for taxpayers. "
FULL STORY: Stimulus Bond Program Has Unforeseen Costs
Planetizen Federal Action Tracker
A weekly monitor of how Trump’s orders and actions are impacting planners and planning in America.
USGS Water Science Centers Targeted for Closure
If their work is suspended, states could lose a valuable resource for monitoring, understanding, and managing water resources.
End Human Sacrifices to the Demanding Gods of Automobile Dependency and Sprawl
The U.S. has much higher traffic fatality rates than peer countries due to automobile dependency and sprawl. Better planning can reduce these human sacrifices.
Seattle Transit Asked to Clarify Pet Policy
A major dog park near a new light rail stop is prompting calls to update and clarify rules for bringing pets on Seattle-area transit systems.
Oregon Bill Would End Bans on Manufactured Housing
The bill would prevent new developments from prohibiting mobile homes and modular housing.
Nashville Doesn’t Renew Bike Share Contract, Citing Lost Federal Funding
The city’s bike share system, operated by BCycle, could stop operating if the city doesn’t find a new source of funding.
Urban Design for Planners 1: Software Tools
This six-course series explores essential urban design concepts using open source software and equips planners with the tools they need to participate fully in the urban design process.
Planning for Universal Design
Learn the tools for implementing Universal Design in planning regulations.
Tyler Technologies
New York City School Construction Authority
Village of Glen Ellyn
Transportation Research & Education Center (TREC) at Portland State University
Chaddick Institute at DePaul University
Institute for Housing and Urban Development Studies (IHS)
Regional Transportation Commission of Southern Nevada
Toledo-Lucas County Plan Commissions