Obama to Propose $300B Clean Transportation Plan With Oil Tax
President Obama will propose $32.4 billion per year of additional funding for innovative transportation efforts with his fiscal 2017 executive budget.
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President Obama wants to tax crude oil and use the revenues to fund advanced transportation systems.
Congressional Republicans oppose President Obama’s proposal to fund a greener transportation system with a tax on oil. more »
Kevyn Orr, the lawyer who guided Detroit through its Chapter 9 bankruptcy process, was retained to provide advice to WMATA’s board of directors.
The Washington Metropolitan Area Transit Authority’s chief financial officer on Thursday contradicted press reports that the authority may have to have discussions with its bondholders to ease its debt. more »
Indiana House’s road funding bill includes a feasibility study of Interstate Highway tolls.
Long-range road funding bill approved by Indiana House calls for highway planners to study the feasibility of tolling Interstate Highways. more »
Outer Harbor Terminal LLC, a marine terminal operator at the Port of Oakland, has filed for Chapter 11 bankruptcy protection.
The Port of Oakland has lost its second-largest terminal operator, a blow that Fitch Ratings said should be manageable. more »
Pennsylvania is $6 billion short of funding for projects in the state's 12-year transportation plan, PennDOT director Leslie Richards told lawmakers.
Pennsylvania road revenues will over the next 12 years will be $6 billion shy of the $34 billion needed for its long-range plan. more »
Highway construction in Texas will focus for the next few years on congestion-busting projects to eliminate bottlenecks.
Relieving the congestion on urban highways in Texas will be a continual process that requires additional funding sources, planners say. more »
Portland, Ore., voters will decide in May on a proposed city gasoline tax of 10 cents per gallon.
Voters in Portland, Ore., will decide May 17 on the city's proposed four-year, 10 cent per gallon gasoline tax. more »
Texas will spend $1.3 billion on 14 projects to alleviate congestion in five cities as the first step of a long-range plan.
Texas will spend $1.3 billion on 14 highway projects aimed at reducing traffic congestion in five cities. more »
Missouri highway director says more state road funding is needed to create a 21st century transportation network.
Missouri’s transportation chief warned lawmakers that state lacks funds to rebuild aging roads and bridges. more »
The federal Highway Trust Fund will be involvent in 2021, CBO says in latest outlook.
The Highway Trust Fund will remain solvent through 2020 with a $70 billion general fund transfer but the revenue shortfall won’t go away, CBO said. more »
California transportation officials cut $754 million of road projects over five years as gasoline sales tax revenues plummet.
California cuts road and transit project funding by $754 million over five years as fuel sales tax revenues fall in step with pump prices. more »
Adding tolled express lanes to I-66 would be the most cost-effective use of state road funds, Virginia DOT said.
Virginia planners determine that express toll lanes on Interstate 66 is best way to cut travel times. more »
South Carolina Gov. Nikki Haley wants to raise the state gasoline tax to generate an additional $3 billion for roads over 10 years.
South Carolina Gov. Nikki Haley asked lawmakers to raise the state's gasoline tax and cut the income tax rate. more »

Career Zone


New York City Comptroller Scott Stringer discusses improving the city's pension system with Bond Buyer senior Northeast reporter Paul Burton. Stringer also examines the effect of the proposed state budget on the city and reminisces about his cousin, the late Congresswoman Bella Abzug.

While the SEC's MCDC Initiative has provided some clarity with regard to materiality and confirmed that the reasonable diligence standard of Rule 15c2-12 applies to both negotiated and competitive deals, no clarity has been offered with regard to the extent of the reasonable diligence obligations of those participating in competitive deals, as co-managers, syndicate members or selling dealers. ...

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