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Maryland Rail P3s Funded For 2016
New Maryland Gov. Larry Hogan included funding for the state's two light rail P3 projects in his fiscal 2015 budget.
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Normalcy began to creep back into New York City on Tuesday morning after the National Weather Service downgraded a blizzard to a winter storm. more »
A congressional bipartisan duo filed a bill to capitalize a $50 billion infrastructure bank with 50-year taxable bonds bearing 1% interest. more »
Sen. Rand Paul, R-Ky., is developing legislation that would dedicate revenues from corporate tax reform to federal highway funding. more »
The All Aboard Florida private passenger train project has received a $1.75 billion federal private activity bond allocation along with conditions that impose a tight timeframe to issue the debt.. more »
President Obama called for bipartisan support for a multiyear transportation funding bill without providing specifics on pay for it. more »
Seattle's Sound Transit gets a $1.3 billion federal loan to revive voter-approved $4 billion light rail project stalled by revenue drop. more »
Municipal market participants applauded President Obama’s proposal on Friday to create a new type of tax-exempt municipal bond that could be used to help finance public-private infrastructure projects, but one questioned whether it will pass muster with Congress. more »
The Senate Finance Committee took a step toward comprehensive tax reform on Thursday by launching five bipartisan working groups charged with issuing a report with recommendations by the end of May. more »
Weakening gasoline tax revenues will force Missouri to concentrate limited financial resources to road work on major arteries. more »
Chamber of Commerce chief Tom Donahue says oil price drop makes federal gas tax increase seem more attractive. more »
Municipal bonds could get caught up in corporate tax reform, particularly if infrastructure financing is involved, a former Treasury Department official said. more »
Maine's $2 billion, three-year transportation program is designed to upgrade the state's infrastructure despite sluggish federal highway funding. more »
The $996 million federal grant Massachusetts received to extend a Boston-area Green Line streetcar route is a credit positive, said Moody's. more »

Contrary to the assertion in a Bond Buyer article that the 2010s may turn out to be the decade of the municipal bankruptcy, it is remarkable how few muni bankruptcies were sought in the wake of the most severe fiscal crisis to hit local governments since the Great Depression.

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