Infrastructure

Stay-at-home orders and school closures driven by COVID-19 have cut traffic in half or more on many toll roads and bridges.

Laura Kelly is promoting the plan as an economic stimulus.

State Departments of Transportation said $50 billion would provide states the ability to meet existing debt obligations.

More federal rescue moves are necessary for the nation’s largest mass transit system, according to the advocacy group Reinvent Albany.

Only a skeleton service will remain for essential workers who need to leave home to do their jobs.

Public finance advocates are focused on the reinstatement of advance refunding and higher limits on bank-qualified issuance.

Urban areas will get $22.7 billion in formula funds and $2.2 billion will go to rural areas.

Coronavirus-led fears are leading investors, particularly retail, to cash once again amid uncertainty surrounding how much and what maturities of municipal bonds the Fed will purchase once its program begins.

The package calls for reinstating advance refunding, Build America Bonds and tax credit bonds.

The agency placed its ratings on the MTA’s Triborough Bridge and Tunnel Authority general revenue bonds and subordinate revenue bonds on watch-downgrade.