Texas Testing New Highway Funding Sources
Texas is trying new ideas in infrastructure transportation funding to keep up with demand from a growing population.
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A federal banking rule that doesn't classify municipal bonds as high-quality liquid assets needs to be reworked to ensure it won't impede critical infrastructure development, Sen. Chuck Schumer told regulators on Tuesday. more »
Americans strongly support tolling existing interstates if collections are dedicated to highway upgrades, according to a new poll. more »
Proposed legislation in the House would cut Amtrak's funding by 40% and redirect passenger-line profits to Northeast capital projects. more »
Coalition of shippers and operators of infrastructure assets wants long-term funding for freight projects in the next federal transportation bill. more »
Members of Congress broke the news early on allocations of federal TIGER grants ahead of the official announcement of awards totaling $600 million from the program. more »
Guaranteed availability payments are becoming more attractive to private investors in infrastructure P3s than volatile toll or fare revenues. more »
New federal banking regulations will further constrain already struggling infrastructure finance, transportation advocates warned. more »
Texas voters will decide in November on a constitutional amendment that could boost state highway spending by $1.7 billion a year. more »
Maryland's latest six-year transportation plan includes $279.4 million of new projects as part of $4.4 billion of additional highway and transit funding provided over six years by a 2013 state law that raised the gasoline tax. more »
West Virginia is seeking a private partner to build a 3.3-mile segment of the Coalfields Expressway in the state's first P3 project under a 2013 law. more »
A seven-member panel studying high-speed rail service in north Texas plans to seek federal funding to begin development of a line between Austin and Fort Worth. more »
A federal lawsuit seeking to halt Maryland's $2.4 billion Purple Line light rail project says track work will threaten endangered species. more »
Baltimore city and county will provide $280 million for Maryland's $2.9 billion Red Line light rail project to help attract $900 million of federal funding. more »

Issuance of municipal MSA tobacco bonds by states was the subject of a highly critical article published by ProPublica. The article attempts to make a case that states erred in deciding to issue tobacco bonds. The article was widely circulated across social media. As we frequently observe, the national media focus on the muni market is appreciated, but the facts got muddied in the pursuit of a good story.

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