Infrastructure

The $55 million deal would be the second leg of financing needed for the $571 million project.

Phil Murphy's audit mandate is described as the first step to restore the beleaguered mass transit agency’s finances and infrastructure.

The authority realized $534 million in present-value savings from those transactions in 2017, said finance director Patrick McCoy.

Tax-exempt private activity bonds, which came close to being terminated in tax reform legislation, are now a centerpiece of the Trump administration's leaked infrastructure plan -- and market participants hope to use this as a springboard for a return of tax-exempt advance refundings.

President Trump's purported latest infrastructure plan would remove state volume caps, advance refunding prohibitions and state volume caps from private activity bonds used for infrastructure.

The Regional Transportation Authority of Northeastern Illinois has begun laying the groundwork for a campaign to raise more public money.

Key variables include how Gov. Andrew Cuomo and the MTA would use the roughly $1 billion projected for mass transit, New York City's role and how Albany would tweak the measure.

Plans to build a $362 million Kansas prison as a public-private partnership are in doubt as lawmakers question the financial benefits.

Under a new approach to keep up with an aging road system, New Mexico voters could get the opportunity this fall to decide whether to use state bonds to pay for highway projects.

Sens. John Cornyn, R-Texas, and Mark Warner, D-Va., introduced their bill to expand PABs the same day that the U.S. Chamber of Commerce recommended such an expansion in its four-part infrastructure plan.