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Ratings Roundup: New Fitch Ratings on Four Airports
Fitch Rating recently assigned the ratings on the following airports in the city of Atlanta, Long Beach, Charlotte, and Fresno. Hartsfield-Jackson Atlanta International Airport (ATL) was given 'AA-' rating on its senior lien airport general revenue bonds, airport...
Looking Past Profit: Measuring the Financial Health of U.S. Airports
How should investors and ratings agencies vet the financial health of public airports? Many traditional measures of financial efficiency and profitability aren't entirely applicable to publicly-operated airports. In a new paper, researchers propose some metrics for...
How COVID Impacted Airport Bond Ratings, Capital Planning
When COVID-19 hit in 2020 and airports turned into ghost towns, it was anyone's guess whether some airports (and their bond ratings) could weather the storm. New research, published in a recent issue of the Journal of the Transportation Research Forum, shows how CARES...
New Data Reveals the Six States with Significant Miscounts in the 2020 Census
A follow-up survey conducted by the Bureau of Census to measure the accuracy of the 2020 Census count reveals that six states were undercounted, while eight states were overcounted. The states with significant net undercount rates are: Arkansas (5.04%), Florida...
Municipal Bond Issuers With the Fastest, Slowest Audits
Who takes the longest to audit municipal bonds? New research provides an answer: school districts are fastest on average, and counties are slowest. The Government Finance Research Center of University of Illinois Chicago recently released their research analyzing...
Airport Finance Director Pleads Guilty to Embezzling Federal Funds
Former finance director of Huntington Tri-State Airport, Melissa Sue Hall, pleaded guilty to theft of federal funds after misappropriating nearly $49,500 from the airport. Included in the embezzled amount is the $10,000 federal funding received per year and deposited...
Bloomberg Philanthropies Launches Hub For Small Cities to Find Infra Funding Opportunities
With the passage of the Bipartisan Infrastructure Investment and Jobs Act, a flood of grants has become available for the infrastructure projects of local governments. However, smaller cities and towns may struggle in applying for federal infrastructure grants....
More People Are Traveling in 2022, According to Trend Data
Hospitality Net recently released the Q1 Travel Trend Report and the findings are looking positive for the leisure and travel industry. As borders are slowly opening, the report shows that travel search surge, lodging bookings are on the rise, big cities and beaches...
Why Is Critical Infrastructure Such An Easy Target for Cyber Attacks?
Critical Infrastructure is being targeted more frequently as cybercriminals (and states) deem these attacks more profitable (or politically/militarily effective) than hacking private individuals and businesses. But why can't critical infrastructure systems simply...
Spokane County Allocates ARP Funds to Water Infrastructure Project
The Spokane County is set to allocate $4 million, provided by the American Rescue Plan, to the Little Spokane River water supply resiliency project. The Spokesman-Review reported: The Whitworth Water District will take water out of the Spokane Valley-Rathdrum Prairie...
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