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.
How the Trump Presidency Could Impact Urban Planning
An analysis of potential changes in federal housing, transportation, and climate policies.
Research Affirms Safety of ‘Idaho Stop’
Allowing cyclists to treat stop signs as yield signs does not negatively impact safety and can help people on bikes more effectively navigate roadways.
Denver Pauses Multifamily Development in Westside Neighborhoods Amidst Gentrification Concerns
City officials say the pause on permits for redevelopment projects aims to stop the displacement of long-term residents.
The Apartment Through History
The humble apartment, as a typology, has been with us for millennia.
San Francisco Reveals New Bike Plan
The draft plan targets improvements on 385 road segments.
The Ripple Effects of Remote Work
The number of Americans who work from home rose sharply during the pandemic and remains high, posing important questions about the future of transportation and housing.
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.
Placer County
Skagit Transit
Berkeley County
Chaddick Institute at DePaul University
HUDs Office of Policy Development and Research
HUDs Office of Policy Development and Research
NYU Wagner Graduate School of Public Service
City of Cambridge, Maryland