States' borrowing ability may be limited and federal deficit reductions are expected to leave municipal market in limbo, report Kathy Bergen, Kristen Mack and Monique Garcia for Chicago Tribune.
Bonds with s federal funding component are likely to be affected, said Brian Battle, director at Performance Trust Capital Partners.
"Often those finance pollution control, housing or transportation projects, such as the O'Hare International Airport expansion."
As the markets fluctuate, and the effects of the U.S. credit downgrade become clearer, states and cities wait to see what will happen next.
"For now, some government officials are in limbo. And Illinois and Chicago, which already have subpar ratings, are more vulnerable to downgrades, said (bond expert Richard Ciccarone, managing director at McDonnell Investment Management LLC)."
"If Illinois is downgraded, it may see its borrowing costs rise by 0.5 to 2 percentage points, said spokeswoman Kelly Kraft."
FULL STORY: Debt-rating deluge could trickle down to cities and states
The Pandemic Baby Bust
The economic uncertainty of the pandemic has added to already declining birth rates in a troubling sign for the future of the American economy.
All About Single-Family Rentals
Single-family rentals are the fastest growing segment of the U.S. housing market—and they're not going away anytime soon, a new study suggests.
Can Atlantic City Rebound as a Family-Friendly Destination?
An ambitious Florida real estate developer has a plan to remake Atlantic City into a family-friendly destination by investing $500 million of his own money.
The Top Urban Planning Books of 2021
Planetizen's annual list of the top urban planning books of the year is here—maintaining a tradition that dates back to 2002.
The Roadway Expansion Paradox
Motorists want expensive roadway expansions provided that somebody else foots the bill, but when required to pay directly through tolls, the need for more capacity often disappears. What should planners do?
Urban Exodus: Data Don't Support the Popular Pandemic Narrative
Americans fled cities in waves during the pandemic, right? Not to so fast.
Opinion: Northwest Arkansas Could Be the 'Next Austin'
The home of Walmart and the University of Arkansas could be poised to see growth as cities like Austin and Boise become less affordable.
Contentious Houston Freeway Widening Project Inches Forward
Federal officials have given TxDOT the go-ahead to resume work on a small portion of a controversial interstate widening project in downtown Houston.
Biden's 'Path Out of the Pandemic' Imperiled by Multiple Court Decisions
The vaccine mandate that applies to federal contractors included in President Biden's COVID plan announced in September to slow the Delta surge was halted by a federal judge in Kentucky. That's the third requirement to be paused, leaving only one.
Town of Palm Beach
Perkins&Will
City of Oxford
HUD's Office of Policy Development and Research
HUD's Office of Policy Development and Research
City of San Carlos
HUD's Office of Policy Development and Research
City of Royal Oak, Michigan
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.
Hand Drawing Master Plans
This course aims to provide an introduction into Urban Design Sketching focused on how to hand draw master plans using a mix of colored markers.
