Senior Director
Fitch Ratings
Scott Monroe is a San Francisco-based Senior Director in Fitch Ratings’ U.S. Public Finance Group. He serves as Sector Head for the Municipal Infrastructure Team, which covers airports, seaports, and toll roads. Scott joined Fitch in 2007, previously headed Corporate’s Infrastructure Team, and was an analyst on Fitch’s tax-supported, and water/sewer teams.
Scott earned a BS in business administration from the Haas School of Business at UC Berkeley and is a CFA Charterholder. In addition, he is a member of the California Society of Municipal Analysts and the National Federation of Municipal Analysts. Scott was named as a Rising Star by the Bond Buyer in 2018 and a Municipal All-Star by Smith’s in 2023.
As uncertainty over federal funding remains, the status of the highway trust fund and Congress’ willingness to fill the holes in it has moved state and local governments to foot more of the country’s infrastructure bills. What is the industry doing to manage the funding burdens?
From toll roads to TIFIA, issuers across the country are exploring innovative ways of bringing in revenue and understanding road usage to fill funding gaps. How much can issuers rely on the highway trust fund and Congress’ willingness to fill the continuing holes in it? What’s in store for the next transportation reauthorization legislation in 2026?