Infrastructure

The Chicago-area transit agency says it needs more federal aid to manage pandemic-induced funding shortfalls.

The plan was long held up by GOP opposition to the governor's use of emergency powers to combat the spread of COVID-19 without legislative approval.

Initiative 976, which would have cut car registration fees, would also required Sound Transit “to retire, defease, or refinance bonds”

The Louisiana State Bond Commission will refinance $424 million of variable-rate bonds; the deal isn't expected to include the termination of underwater swaps.

As of Sept. 15, at least 49 states, transportation authorities and local governments have publicly projected declining revenues.

Declining occupancy levels at privatized student housing projects are likely to continue into early 2021 as the sector confronts headwind from the COVID-19 pandemic, according to analysts.

Annual debt service could spike to $4 billion by 2024, or up 55% since 2019, making up 24% of the agency's total revenues, Thomas DiNapoli said.

Coping with tighter budgets during the coronavirus, they are looking to cut through a capital construction process fraught with delays and cost overruns.

Proposed upgrades to the 110-year-old tunnel linking Manhattan and northern New Jersey have hit roadblocks under President Trump.

Upfront savings from the $371 million deal will improve liquidity for the authority after the coronavirus-caused traffic downturn.